Fully Renovated Medical Office
For Sale
Contact for pricing
2728 N 5TH STREET 1ST FLOOR, Philadelphia, PA 19133
Move-in ready office suite with open layout, private rooms, restroom, mini-splits, and full basement storage.
Property Size2,240 SF
Price / SF$1.70
Days on Market98
Property Features for 2728 N 5TH STREET 1ST FLOOR
General Information
Standard status
Active
Size
2,240 SF
Property subtype
Commercial
Lease Type
NNN
Site & Location
Neighborhood
Fairhill
Amenities
open floor plan
multiple private rooms
restroom
mini-split systems
storefront visibility
full basement
Building Details
Year Built
1920
Listing Agency:
KW Empower
(215) 627-3500
Listed By:
Carlos Masip · License #AB068852
(267) 456-0448
Source:
Cummingsrealtors
Added: Jul 24
Changed: Oct 29
Last Checked: Oct 28 at 7:03AM
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 KW Empower
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Investment Insights
Based on property information with market context.
Fully renovated first-floor office suite with an open floor plan, multiple private rooms, and a restroom. The space includes mini-split systems for heating and cooling and a full basement for additional storage.
The property is offered as a triple-net (NNN) lease, and tenants are responsible for confirming zoning and permitted use. It is positioned along the N. 5th Street commercial corridor with storefront visibility.
Designed for flexible occupancy, the suite supports professional, medical, retail, community, or office use categories. A tenant should verify all intended uses and requirements with the appropriate local authorities.
The property is offered as a triple-net (NNN) lease, and tenants are responsible for confirming zoning and permitted use. It is positioned along the N. 5th Street commercial corridor with storefront visibility.
Designed for flexible occupancy, the suite supports professional, medical, retail, community, or office use categories. A tenant should verify all intended uses and requirements with the appropriate local authorities.
Key Highlights
- Fully renovated commercial space on the N. 5th Street corridor
- Move‑in ready layout with open floor plan and multiple private rooms
- Includes restroom and mini‑split systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,030
Suggested Prices Based on Cap Rates
Cap Rate 5%
$580,600
$580.6K
Cap Rate 7%
$414,714
$414.7K
Cap Rate 9%
$322,556
$322.6K
Market Conditions
NOI Build-Up for 2,240 SF
Gross rent
$53.8K $24.00/SF
− Vacancy
−$5.4K −$2.40/SF
EGI
$48.4K $21.60/SF
− OpEx
−$19.4K −$8.64/SF
NOI
$29.0K $12.96/SF
Area
Philadelphia, PA
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$580,600
Cap Rate 7%
$414,714
Cap Rate 9%
$322,556
Alternative Uses
Best Use
Office B
$421.1K
$368.5K – $491.3K
NOI $29,477 @ 7.0% cap · market cap 775.71%
Second Best
Healthcare Medical
$414.7K
$362.9K – $483.8K
NOI $29,030 @ 7.0% cap · market cap 763.95%
Theoretical Best
Multifamily LT 5
$546.1K
$477.8K – $637.1K
NOI $38,225 @ 7.0% cap · market cap 1,005.92%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,299
Businesses Nearby
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Business Placement
Demographics for 19133, PA
24,772
Population
10,766
Households
2.3
Avg Household Size
34
Median Age
7%
College-Educated
63%
High-School Grad
1.3 sq mi
ZIP Area
19,055
Density / Sq Mi
$31,756
Median Household Income
$26,563
Median Earnings
$919
Median Rent
$85,100
Median Home Value
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Market
Vacancy Rate% for Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
NNN property - Move-in ready office suite with open layout, private rooms, restroom, mini-splits, and full basement storage.
Where is this nnn property located?
The property is located at 2728 N 5TH STREET 1ST FLOOR Philadelphia, PA.
What are key features of this property?
This property features: Fully renovated commercial space on the N. 5th Street corridor; Move‑in ready layout with open floor plan and multiple private rooms; Includes restroom and mini‑split systems
