Flex Space with Garage
For Sale
Contact for pricing
2815-17 N Mascher Street # 1F, Philadelphia, PA 19133
Adaptable commercial unit with high ceilings, direct entry, and CMX2 zoning for varied business uses.
Property Size2,035 SF
Price / SF$0.66
Days on Market48
Property Features for 2815-17 N Mascher Street # 1F
General Information
Standard status
Active
Size
2,035 SF
Property subtype
Commercial
Zoning
CMX2
Lease Term
12 Months
Amenities
Other
Yes
No
Public
36.00 x 92.00
0.08
Assessor
Building Details
Year Built
1925
Listing Agency:
Coldwell Banker Commercial
(856) 222-0077
Listed By:
Christopher Twardy · License #1540241
(609) 304-2314
Source:
Thetristaterealestategroup
Added: Sep 5
Changed: Oct 3
Last Checked: Oct 20 at 5:35PM
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 Coldwell Banker Commercial
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Unit 1F at 2815-17 N Mascher Street is a 2,035-square-foot flex space in a 1925 commercial building. The interior offers an open configuration suitable for customization, with 11-foot ceilings, main entry doors, and an automatic 10-by-10-foot metal garage door. CMX2 zoning supports a range of commercial applications, subject to applicable approvals and requirements.
The property is located in Philadelphia, Pennsylvania, and the unit measures 36.00 by 92.00 feet. Its combination of adaptable interior area, direct garage access, and street-facing entry provides a practical setup for operations requiring both workspace and loading access.
The property is located in Philadelphia, Pennsylvania, and the unit measures 36.00 by 92.00 feet. Its combination of adaptable interior area, direct garage access, and street-facing entry provides a practical setup for operations requiring both workspace and loading access.
Key Highlights
- 2,035 square feet of flex space
- 11‑foot ceilings
- Automatic 10x10 metal garage door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,940
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,800
$298.8K
Cap Rate 7%
$213,429
$213.4K
Cap Rate 9%
$166,000
$166.0K
Market Conditions
NOI Build-Up for 2,035 SF
Gross rent
$23.2K $11.40/SF
− Vacancy
−$1.9K −$0.91/SF
EGI
$21.3K $10.49/SF
− OpEx
−$6.4K −$3.15/SF
NOI
$14.9K $7.34/SF
Area
Philadelphia, PA
Vacancy
8.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,800
Cap Rate 7%
$213,429
Cap Rate 9%
$166,000
Alternative Uses
Best Use
Flex RnD
$306.1K
$267.9K – $357.2K
NOI $21,429 @ 7.0% cap · market cap 1,587.33%
Second Best
Warehouse
$297.4K
$260.2K – $346.9K
NOI $20,815 @ 7.0% cap · market cap 1,541.85%
Theoretical Best
Multifamily LT 5
$496.1K
$434.1K – $578.8K
NOI $34,727 @ 7.0% cap · market cap 2,572.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,150
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Industrial in Philadelphia, PA
Similar Off Market Nearby
- Herb Nerd LLC — 2937 N 6th St, Philadelphia, PA 19133
Frequently Asked Questions
What type of property is this?
Flex space - Adaptable commercial unit with high ceilings, direct entry, and CMX2 zoning for varied business uses.
Where is this flex space located?
The property is located at 2815-17 N Mascher Street # 1F Philadelphia, PA.
What are key features of this property?
This property features: 2,035 square feet of flex space; 11‑foot ceilings; Automatic 10x10 metal garage door
