Multi-Story Office
For Sale
$1,350,000
5604 N 5th St, Philadelphia, PA 19120
Vacant three-story office building with central air, renovated HVAC, and multiple suites plus on-site parking.
Property Size5,520 SF
Price / SF$244.57
Days on Market145
Property Features for 5604 N 5th St
General Information
Standard status
Active
Size
5,520 SF
Building Details
Year Built
1930
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Eli Qarkaxhia, BETSAIDA FRAUSTO GONZALEZ · License #RS311277
(267) 692-4450
Source:
Kandorre
Added: May 31
Changed: Oct 8
Last Checked: Oct 20 at 10:11PM
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 Compass Pennsylvania, LLC
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Investment Insights
Based on property information with market context.
Originally built in the 1930s as a bank, this three-story commercial building has been configured with 22 office-like suites/rooms and 6 full bathrooms that include standing showers. A prominent feature of the property is the large vault with lock boxes, which can serve as a distinctive interior focal point. The main entrance, formerly a storefront, can be converted into a welcoming lobby area. Recent updates include a renovated HVAC system with central air throughout and an updated water heater.
Located in the heart of the Olney neighborhood in North Philadelphia on a heavily trafficked block, the property is surrounded by commercial uses including pharmacies, restaurants, beauty salons, and retail stores. Zoning is listed as CMx2, supporting a wide range of commercial uses.
Additional property features include on-site parking, installed security cameras, a code-armed door system, and fully functioning storefront security gates. The building is vacant and ready for a new owner to customize.
Located in the heart of the Olney neighborhood in North Philadelphia on a heavily trafficked block, the property is surrounded by commercial uses including pharmacies, restaurants, beauty salons, and retail stores. Zoning is listed as CMx2, supporting a wide range of commercial uses.
Additional property features include on-site parking, installed security cameras, a code-armed door system, and fully functioning storefront security gates. The building is vacant and ready for a new owner to customize.
Key Highlights
- Vacant three‑story commercial building totaling 5,520 SF with central air and 22 office‑like suites/rooms
- Originally built as a bank (1930s) with an iconic large vault featuring lock boxes
- CMx2 zoning supports a wide range of commercial uses, including medical offices or charter schools
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,385
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,287,700
$1.3M
Cap Rate 7%
$919,786
$919.8K
Cap Rate 9%
$715,389
$715.4K
Market Conditions
NOI Build-Up for 5,520 SF
Gross rent
$119.2K $21.60/SF
− Vacancy
−$11.9K −$2.16/SF
EGI
$107.3K $19.44/SF
− OpEx
−$42.9K −$7.78/SF
NOI
$64.4K $11.66/SF
Area
ZIP 19120
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,287,700
Cap Rate 7%
$919,786
Cap Rate 9%
$715,389
Alternative Uses
Best Use
Healthcare Medical
$919.8K
$804.8K – $1.07M
NOI $64,385 @ 7.0% cap · market cap 4.77%
Second Best
Office B
$538.7K
$471.4K – $628.5K
NOI $37,710 @ 7.0% cap · market cap 2.79%
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,303 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,555
Businesses Nearby
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Business Placement
Demographics for 19120, PA
66,177
Population
25,730
Households
2.6
Avg Household Size
35
Median Age
13%
College-Educated
77%
High-School Grad
3.2 sq mi
ZIP Area
20,680
Density / Sq Mi
$51,993
Median Household Income
$32,980
Median Earnings
$1,186
Median Rent
$143,500
Median Home Value
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Market
Vacancy Rate% for Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Office unit - Vacant three-story office building with central air, renovated HVAC, and multiple suites plus on-site parking.
Where is this office unit located?
The property is located at 5604 N 5th St Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Vacant three‑story commercial building totaling 5,520 SF with central air and 22 office‑like suites/rooms; Originally built as a bank (1930s) with an iconic large vault featuring lock boxes; CMx2 zoning supports a wide range of commercial uses, including medical offices or charter schools
