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Corner Medical Office with Apartments

PHILADELPHIA, PA 19148 Philadelphia, PA 19148

For Sale

$575,000

SINGLE_FAMILY - PHILADELPHIA, PA

Property size:

2,600 SF

Price / SF:

$221/SF

For Sale

$575,000

SINGLE_FAMILY - PHILADELPHIA, PA

Property size:

2,600 SF

Price / SF:

$221/SF

Added:: Sep 21, 2023
Days on Market:: 1024
Last Refresh:: Jul 10 at 11:06 pm

Property Features

General Information

Property type: Residential
Property subtype: Other
Standard status: Active
Size: 2,600 SF

Building Details

Year built: 1930

Listing agent Patrick Conway License #RS217990L

Listing office BHHS Fox & Roach Center City-Society Hill PA

Listing date Sep 21, 2023

MLS# PAPH2280664

Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This double-wide corner property is currently configured as a first-floor medical office with multiple exam and support rooms, plus two larger office spaces on the upper level. The first floor includes a large waiting room with surrounding windows, a main administration room, seven examination rooms, a lab room, a chart room, a kitchenette, and a bathroom. The second level offers two separate office spaces, each with its own private entrance. The first upper office is bright with front and side windows and includes two front and rear rooms plus a large open middle area, a full bath, and potential for a roof deck. The second upper office features an open layout with large front and rear rooms, a large eat-in kitchen/dining area, and a full tile bath. A basement with mechanicals and substantial storage is also included.

The property sits on a 30 x 58 lot and is zoned CMX1 for Commercial Mixed Use. It is described as being in a high-traffic area, and the listing notes the owner may consider renting back the first floor.

While currently used as medical and office space, the second floor is also described as capable of conversion to two bedroom apartments.

Key Highlights

1930‑built double wide corner property on a 30 x 58 lot, zoned CMX1 (Commercial Mixed Use)
Current use: 1st‑floor medical office with a large waiting room, administration area, seven exam rooms, lab room, chart room, kitchenette, and bathroom
2nd floor features two separate office spaces with private entrances; both include large front and rear rooms

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$57.1k	$21.96
− Vacancy	−$11.5k	−$4.41
EGI	$45.6k	$17.55
− OpEx	−$11.4k	−$4.39
NOI	$34.2k	$13.16

2,600 SF · lease $21.96/SF/yr · vacancy 20.10% · expense 25.00%

Alternative Uses

Best Use

Office B

$488.8K

$427.7K – $570.3K (±1% cap)

NOI $34,215 @ 7.0% cap · market cap 5.95%

Second Best

Healthcare Medical

$481.4K

$421.2K – $561.6K (±1% cap)

NOI $33,696 @ 7.0% cap · market cap 5.86%

Theoretical Best

Multifamily LT 5

$633.8K

$554.6K – $739.5K (±1% cap)

NOI $44,369 @ 7.0% cap · market cap 7.72%

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

Property Analytics

Location Intelligence

Current Use by Public Records

Medical Office Space

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What type of property is this?

Medical Office Space - Double-wide corner property with a first-floor medical office and two upper office suites, each with private entrances.

Where is this medical office space located?

The property is located at Philadelphia, PA.

What is the asking price?

The asking price for this property is $575,000.

What are key features of this property?

This property features: 1930‑built double wide corner property on a 30 x 58 lot, zoned CMX1 (Commercial Mixed Use); Current use: 1st‑floor medical office with a large waiting room, administration area, seven exam rooms, lab room, chart room, kitchenette, and bathroom; 2nd floor features two separate office spaces with private entrances; both include large front and rear rooms

PHILADELPHIA, PA 19148 Philadelphia, PA 19148

SINGLE_FAMILY - PHILADELPHIA, PA

Property Features

General Information

Building Details

Investment Insights

Key Highlights

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Property Analytics

Current Use by Public Records

Similar For Sale Nearby

Freestanding Single-Story Retail Building

Freestanding Office Building on Corner

Restaurant Opportunity in Philadelphia, PA

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Mixed-Use Brownstone with Storefront

Mixed-Use Building with Two-Level Layout

New-Construction 11-Unit Apartment Building

Fully Leased Triplex with In-Unit Laundry

2019 Four-Unit Multifamily Investment

Turnkey Three-Story Building with Elevator

Turnkey Triplex with Tax Abatement

Similar Off Market Nearby

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