Corner Mixed-Use Medical Office

PHILADELPHIA, PA 19148 Philadelphia, PA 19148

For Sale

$575,000

MULTI_FAMILY - PHILADELPHIA, PA

Type:Townhouse

Property size:

2,700 SF

Price / SF:

$212/SF

For Sale

$575,000

MULTI_FAMILY - PHILADELPHIA, PA

Type:Townhouse

Property size:

2,700 SF

Price / SF:

$212/SF

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

Property Features

General Information

Property type: Residential Multi Family
Property subtype: Townhouse
Standard status: Active
Size: 2,700 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# PAPH2280544

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 offers a versatile mixed-use layout under CMX1 zoning. The current setup includes a first-floor medical office with a large waiting area with surrounding windows, a main administration room, seven examination rooms, a lab room, chart room, kitchenette, and a bathroom. The second floor is configured as two separate office spaces, each with its own private entrance, with multiple front and rear rooms, full baths, and one space featuring an eat-in kitchen/dining area.

A basement provides additional mechanicals and significant storage. The property is described as having corner exposure and is located in a high-traffic area.

According to the listing, the second floor could be converted to two bedroom apartments, while the owner may consider renting back the first-floor medical office. Please contact for more details regarding configuration, zoning, and conversion considerations.

Key Highlights

1930‑built double wide corner property with basement and ample storage space
Lot size 30 x 58 feet zoned CMX1 (Commercial Mixed Use)
Current 1st‑floor medical office includes a large waiting room, administration room, 7 examination rooms, lab room, chart room, kitchenette, and bathroom

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$59.3k	$21.96
− Vacancy	−$11.9k	−$4.41
EGI	$47.4k	$17.55
− OpEx	−$11.8k	−$4.39
NOI	$35.5k	$13.16

2,700 SF · lease $21.96/SF/yr · vacancy 20.10% · expense 25.00%

Alternative Uses

Best Use

Office B

$507.6K

$444.1K – $592.2K (±1% cap)

NOI $35,531 @ 7.0% cap · market cap 6.18%

Second Best

Healthcare Medical

$499.9K

$437.4K – $583.2K (±1% cap)

NOI $34,992 @ 7.0% cap · market cap 6.09%

Theoretical Best

Multifamily LT 5

$658.2K

$575.9K – $767.9K (±1% cap)

NOI $46,075 @ 7.0% cap · market cap 8.01%

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 zoned CMX1, operating as a first-floor medical office with two upper office spaces.

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 with basement and ample storage space; Lot size 30 x 58 feet zoned CMX1 (Commercial Mixed Use); Current 1st‑floor medical office includes a large waiting room, administration room, 7 examination rooms, lab room, chart room, kitchenette, and bathroom

PHILADELPHIA, PA 19148 Philadelphia, PA 19148

MULTI_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

Medical Office Building with Parking

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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

FAQs