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    1 Reed St Philadelphia, PA 19147

    Sponsored
    For Lease
    $1.00 SF/Yr ($1,666 /Mo)

    Prime location, multiple suites available.

    Lot size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    1 Reed Street presents a unique opportunity to acquire medical office space in a highly desirable South Philadelphia location. This prime corner property boasts exceptional visibility and convenient accessibility, making it an ideal setting for medical practices seeking a prominent presence. The building encompasses a total of 20,000 square feet, currently offering four available suites ranging in size from 3,878 to 5,766 square feet, providing flexibility for various practice needs. The building is equipped with elevators for convenient access to all floors. Situated in Philadelphia County, this property benefits from strong demographics and a thriving local community. The multiple tenancy structure offers a diverse and potentially stable tenant base. This is an excellent chance to establish or expand a medical practice in a high-traffic area with significant visibility and easy access for patients and staff. The building's size and layout provide ample space for a variety of medical specialties. The available suites offer the potential for customization to meet specific practice requirements. Interested parties are encouraged to inquire for further details and to schedule a viewing.

    Property Features for 1 Reed St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,000 SF
    Total Rate
    1666.67

    Unit(s) available at that property

    Space
    1st
    Size
    5,766 SF
    Rate per SF
    $20
    Space
    2nd- 2C
    Size
    3,878 SF
    Rate per SF
    $1.00
    Space
    2nd- 2A
    Size
    5,079 SF
    Rate per SF
    $1.00
    Space
    2nd- 2B
    Size
    4,685 SF
    Rate per SF
    $1.00

    HighLights

    • 20,000 square foot medical office building in Philadelphia County.
    • Multiple tenancy with four available suites ranging from 3,878 to 5,766 square feet.
    • Building features elevators.
    • Prime corner location in South Philadelphia offering high visibility and accessibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1452678
    Latitude
    39.9301885

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    FAQs

    What type of property is this?
    Medical office - Prime location, multiple suites available.
    Where is this medical office located?
    The property is located at 1 Reed St Philadelphia, PA.
    What is the lease rate?
    The lease rate is $1.00-$20 SF/Yr.
    What are key features of this property?
    This property features: 20,000 square foot medical office building in Philadelphia County.; Multiple tenancy with four available suites ranging from 3,878 to 5,766 square feet.; Building features elevators.
    Request Owner's contact information
    1 Reed St Philadelphia, PA 19147
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1 Reed St Philadelphia, PA 19147
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