Office Building on Historic Cobblestone
For Sale
Contact for pricing
415-439 S 2nd St, Philadelphia, PA 19147
Office building in the Society Hill area, situated on a cobblestone street in the center of Head House Square.
Property Size32,200 SF
Price / SF$201.86
Days on Market291
Property Features for 415-439 S 2nd St
General Information
Standard status
Active
Size
32,200 SF
Property subtype
OFFICE
Site & Location
Neighborhood
Society Hill
Listing Agency:
M.S. Fox Real Estate
(215) 568-8000
Listed By:
Anthony Falcone · License #RS180794L
(215) 840-2383
Source:
Moodyscre
Added: Jan 12
Changed: Oct 25
Last Checked: Oct 28 at 12:16PM
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 M.S. Fox Real Estate
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Investment Insights
Based on property information with market context.
Office building located at 415-439 S 2nd St in Philadelphia, PA 19147 on a historic cobblestone street in the center of Head House Square. The property totals 32,200 square feet.
The setting places the building within the Society Hill area, offering a distinctive historic streetscape and a walkable, central square location.
The combination of an office-focused building size and its prominent placement within Head House Square supports a straightforward option for office users seeking a central, established urban address.
The setting places the building within the Society Hill area, offering a distinctive historic streetscape and a walkable, central square location.
The combination of an office-focused building size and its prominent placement within Head House Square supports a straightforward option for office users seeking a central, established urban address.
Key Highlights
- 32,200 SF office building
- Located on historic cobblestone street
- Center of Head House Square location
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$423,737
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,474,740
$8.5M
Cap Rate 7%
$6,053,386
$6.1M
Cap Rate 9%
$4,708,189
$4.7M
Market Conditions
NOI Build-Up for 32,200 SF
Gross rent
$707.1K $21.96/SF
− Vacancy
−$142.1K −$4.41/SF
EGI
$565.0K $17.55/SF
− OpEx
−$141.2K −$4.39/SF
NOI
$423.7K $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%
$8,474,740
Cap Rate 7%
$6,053,386
Cap Rate 9%
$4,708,189
Alternative Uses
Best Use
Office B
$6.05M
$5.30M – $7.06M
NOI $423,737 @ 7.0% cap · market cap 6.52%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$7.85M
$6.87M – $9.16M
NOI $549,490 @ 7.0% cap · market cap 8.45%
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
10,805
Businesses Nearby
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Business Placement
Demographics for 19147, PA
41,096
Population
20,735
Households
2
Avg Household Size
36
Median Age
69%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
31,612
Density / Sq Mi
$104,190
Median Household Income
$71,905
Median Earnings
$1,679
Median Rent
$524,900
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 building - Office building in the Society Hill area, situated on a cobblestone street in the center of Head House Square.
Where is this office building located?
The property is located at 415-439 S 2nd St Philadelphia, PA.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: 32,200 SF office building; Located on historic cobblestone street; Center of Head House Square location
