Corner Lot Church and
2530 WHARTON STREET Philadelphia, PA 19146
For Sale
$2,590,000
Prominent corner property currently operating as a church with a rectory house, offering flexible development options.
Property Size10,000 SF
Lot Size0.57 Acres
Price / SF$259
Days on Market17
Property Features for 2530 WHARTON STREET
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Lot size
- 0.57 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1929
Listing Agency:
Compass Pennsylvania, LLC
(267) 975-7119
Listed By:
Marco Messina · License #RS343896
(267) 975-7119
Source:
Cummingsrealtors
Added: Jul 9
Changed: Jul 23
Last Checked: Jul 25 at 11:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Pennsylvania, LLC
Investment Insights
Based on property information with market context.
This investment property at 1301 S 26th St / 2530-32 Wharton St is situated on a prominent corner lot at the intersection of 26th and Wharton. The site currently includes a church and a rectory house, with approximately 10,780 square feet of building space and an approximately 24,700 square foot lot.
The existing rectory measures approximately 87 feet by 38 feet and includes a high-ceiling basement that could support additional living spaces. The property offers flexibility for an investor or developer to either retain the existing structures or clear the site for a new development project.
Details are available for review, and site visits can be arranged by contacting the listing team.
The existing rectory measures approximately 87 feet by 38 feet and includes a high-ceiling basement that could support additional living spaces. The property offers flexibility for an investor or developer to either retain the existing structures or clear the site for a new development project.
Details are available for review, and site visits can be arranged by contacting the listing team.
Key Highlights
- Prominent corner property at 26th and Wharton St, currently operating as a church with a rectory house
- Year built: 1929
- Approx. 24,700 SF total lot size with approx. 10,780 SF of building space
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $303.6k | $30.36 |
| − Vacancy | −$17.6k | −$1.76 |
| EGI | $286.0k | $28.60 |
| − OpEx | −$128.7k | −$12.87 |
| NOI | $157.3k | $15.73 |
10,000 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.25M
$1.97M – $2.62M
NOI $157,295 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.44M
$2.13M – $2.84M
NOI $170,649 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
PIWC Philadelphia (Pentecost ...
Church
The Church of Pentecost USA ...
Church
FAQs
What type of property is this?
Church & religious facility - Prominent corner property currently operating as a church with a rectory house, offering flexible development options.
Where is this church & religious facility located?
The property is located at 2530 WHARTON STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $2,590,000.
What are key features of this property?
This property features: Prominent corner property at 26th and Wharton St, currently operating as a church with a rectory house; Year built: 1929; Approx. 24,700 SF total lot size with approx. 10,780 SF of building space
