Professional Office Unit in
For Sale
Contact for pricing
2601 PENNSYLVANIA AVENUE #CU1, Philadelphia, PA 19130
Flexible commercial space suited to consulting, creative, accounting, law, therapy, and other boutique professional practices.
Property Size700 SF
Price / SF$1.43
Days on Market96
Property Features for 2601 PENNSYLVANIA AVENUE #CU1
General Information
Standard status
Active
Size
700 SF
Property subtype
Commercial
Site & Location
Neighborhood
North Philadelphia
Public Transit
Yes
Building Details
Year Built
1950
Listing Agency:
BHHS Fox & Roach-Art Museum
(215) 763-2100
Listed By:
Shane Holcomb
(570) 947-4775
Source:
Cummingsrealtors
Added: Jul 28
Changed: Oct 29
Last Checked: Oct 30 at 3:54PM
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 BHHS Fox & Roach-Art Museum
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Investment Insights
Based on property information with market context.
This 700-square-foot office unit is located within the Parkway Condominiums at 2601 Pennsylvania Avenue in Philadelphia. The space is suited to a professional office, consulting firm, creative studio, real estate office, accounting practice, law office, therapy or counseling practice, or another boutique business.
The property offers access by car and public transportation, with proximity to the Philadelphia Museum of Art, Kelly Drive, Boathouse Row, Fairmount Avenue, and the Benjamin Franklin Parkway. It is positioned within Fairmount, with convenient access to Center City and surrounding neighborhoods, as well as nearby residents, businesses, and visitors.
The property offers access by car and public transportation, with proximity to the Philadelphia Museum of Art, Kelly Drive, Boathouse Row, Fairmount Avenue, and the Benjamin Franklin Parkway. It is positioned within Fairmount, with convenient access to Center City and surrounding neighborhoods, as well as nearby residents, businesses, and visitors.
Key Highlights
- 700‑square‑foot office unit within the Parkway Condominiums
- Located at 2601 Pennsylvania Avenue, Philadelphia, PA 19130
- Built in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,212
Suggested Prices Based on Cap Rates
Cap Rate 5%
$184,240
$184.2K
Cap Rate 7%
$131,600
$131.6K
Cap Rate 9%
$102,356
$102.4K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$15.4K $21.96/SF
− Vacancy
−$3.1K −$4.41/SF
EGI
$12.3K $17.55/SF
− OpEx
−$3.1K −$4.39/SF
NOI
$9.2K $13.16/SF
Area
Philadelphia, PA
Vacancy
20.10%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$184,240
Cap Rate 7%
$131,600
Cap Rate 9%
$102,356
Alternative Uses
Best Use
Office B
$131.6K
$115.2K – $153.5K
NOI $9,212 @ 7.0% cap · market cap 921.20%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$170.6K
$149.3K – $199.1K
NOI $11,945 @ 7.0% cap · market cap 1,194.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,907
Businesses Nearby
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Business Placement
Demographics for 19130, PA
31,477
Population
18,178
Households
1.7
Avg Household Size
34
Median Age
78%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
26,231
Density / Sq Mi
$110,436
Median Household Income
$76,051
Median Earnings
$1,836
Median Rent
$483,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Office unit - Flexible commercial space suited to consulting, creative, accounting, law, therapy, and other boutique professional practices.
Where is this office unit located?
The property is located at 2601 PENNSYLVANIA AVENUE #CU1 Philadelphia, PA.
What are key features of this property?
This property features: 700‑square‑foot office unit within the Parkway Condominiums; Located at 2601 Pennsylvania Avenue, Philadelphia, PA 19130; Built in 1950
