Creative Space with Open
For Sale
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538 FEDERAL STREET #107, Philadelphia, PA 19147
Flexible commercial unit with high ceilings and a modern industrial character.
Property Size577 SF
Price / SF$2.34
Days on Market33
Property Features for 538 FEDERAL STREET #107
General Information
Standard status
Active
Size
577 SF
Property subtype
Commercial
Building Details
Year Built
1930
Listing Agency:
JBMP Group
Listed By:
Maria A. Pacitti · License #RM423811
(267) 797-2175
Source:
Cummingsrealtors
Added: Sep 15
Changed: Oct 16
Last Checked: Oct 16 at 8:38AM
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 JBMP Group
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Investment Insights
Based on property information with market context.
Located at 538 Federal Street #107 in Philadelphia, this commercial unit offers an adaptable setting for creative and customer-facing businesses. The interior combines an open floor plan with high ceilings and a modern industrial character, providing a flexible foundation for a studio, boutique, office, or showroom configuration.
Built in 1930, the property carries historic character while supporting contemporary business use. It is situated in Pennsport, within walking distance of Queen Village and East Passyunk Avenue. The layout can be arranged and customized to suit a range of business concepts, with the space’s open design supporting varied operational and presentation needs.
Built in 1930, the property carries historic character while supporting contemporary business use. It is situated in Pennsport, within walking distance of Queen Village and East Passyunk Avenue. The layout can be arranged and customized to suit a range of business concepts, with the space’s open design supporting varied operational and presentation needs.
Key Highlights
- Open floor plan with high ceilings
- Modern industrial interior character
- Adaptable layout for studio, boutique, office, or showroom use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,521
Suggested Prices Based on Cap Rates
Cap Rate 5%
$130,420
$130.4K
Cap Rate 7%
$93,157
$93.2K
Cap Rate 9%
$72,456
$72.5K
Market Conditions
NOI Build-Up for 577 SF
Gross rent
$10.4K $18.00/SF
− Vacancy
−$1.1K −$1.85/SF
EGI
$9.3K $16.15/SF
− OpEx
−$2.8K −$4.84/SF
NOI
$6.5K $11.30/SF
Area
Philadelphia, PA
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$130,420
Cap Rate 7%
$93,157
Cap Rate 9%
$72,456
Alternative Uses
Best Use
Office B
$108.5K
$94.9K – $126.6K
NOI $7,593 @ 7.0% cap · market cap 562.44%
Second Best
Retail
$93.2K
$81.5K – $108.7K
NOI $6,521 @ 7.0% cap · market cap 483.04%
Theoretical Best
Multifamily LT 5
$140.7K
$123.1K – $164.1K
NOI $9,846 @ 7.0% cap · market cap 729.33%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,041
Businesses Nearby
Explore this area
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?
Creative space - Flexible commercial unit with high ceilings and a modern industrial character.
Where is this creative space located?
The property is located at 538 FEDERAL STREET #107 Philadelphia, PA.
What are key features of this property?
This property features: Open floor plan with high ceilings; Modern industrial interior character; Adaptable layout for studio, boutique, office, or showroom use
