500-02 W CHELTENHAM Avenue, Philadelphia, PA 19126
Commercial Sale - PHILADELPHIA, PA
- Added:
- Apr 29, 2026
- Days on Market:
- 46
- Last Refresh:
- Jun 13 at 11:06 pm
Property Features for 500-02 W CHELTENHAM Avenue
General Information
- Property type
- Other
- Property subtype
- Office
- Parking
- 27
- Parking features
- Parking Lot
- Standard status
- Active
- Size
- 4,560 SF
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2799
Utilities
- Heating system
- Baseboard, Electric (Heating)
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1963
- Building materials
- Masonry
Listing agent Joshua M. Pagan License #RS343730 (267) 774-4221
Listing office Keller Williams Main Line 6 Coulter Avenue unit: 2, Ardmore, PA (610) 520-0100
Listing date Apr 29, 2026
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Freestanding commercial building on a hard corner along a busy Philadelphia corridor
- 4,560 SF above‑grade space plus full basement on a 12,059 SF lot
- Multi‑office interior layout with a flexible configuration for a range of professional uses
- Parking lot with space for 20+ vehicles
- Built in 1963 with masonry construction
- Heating: baseboard and electric; cooling: window unit(s)
Overview
Located at 500-02 W Cheltenham Avenue in Philadelphia, PA 19126, the building is positioned on a hard corner. That corner placement is intended to improve on-site visibility and access, and it can be advantageous for businesses that want a prominent presence within a developed mix of office and retail nearby.
The existing multi-office configuration can support a range of professional and service-oriented uses. The property is described as a fit for medical practices, contractors, funeral homes, law offices, and other general professional users. For owner-occupants, the building offers an opportunity to operate from their own space rather than leasing. For investors, it may be considered where an operator or ownership group can align the tenant mix with the building’s flexible office layout and available parking.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $100.1k | $21.96 |
| − Vacancy | −$20.1k | −$4.41 |
| EGI | $80.0k | $17.55 |
| − OpEx | −$20.0k | −$4.39 |
| NOI | $60.0k | $13.16 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.12658
- Latitude
- 40.05547
