2708 Commerce Way Philadelphia, PA 19154-1019
This exceptional four-story, 35,148 square foot office building, situated on 2.09 acres in Philadelphia County, presents a unique investment opportunity. Built in 1925 and renovated in 1999, the Class B property boasts 10 suites, with 20,499 square feet currently vacant. The flexible floor plans offer spaces ranging from 2,351 to 5,150 square feet, ideal for various office configurations, including traditional, executive, medical, and creative uses. Amenities include 67 parking spaces, gas and electric power, elevators, and a convenient location near major commuter routes (Route 1, I-95, Pennsylvania Turnpike), providing easy access to Bucks and Montgomery Counties, South and Central New Jersey, and New York City. The building is zoned I1 and features high-end finishes throughout, including multiple private offices, conference rooms, kitchenettes, and common area restrooms in most units. Annual property taxes are $1.58 per square foot. The building's strategic location offers excellent visibility and accessibility, making it an attractive option for businesses seeking a premium office space in Northeast Philadelphia. The second floor alone offers approximately 14,461 square feet, with the third floor offering 5,001 square feet and the fourth floor offering 2,847 square feet. This property is a rare find, combining location, size, and flexibility.
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Jerusalem Glatt Kosher General Contractor Construction Company
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Kinder Kollege Inc High School Daycare Center
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Abilities In Motion Charitable Organization Social Service Agency
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Friedman's Financial Group Llc Financial Advisor
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Davies Consulting LLC Marketing & Advertising Advertising Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
I1 · Philadelphia, PAPhiladelphia. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.