Property profile

2309-11 Wallace St Philadelphia, PA 19130

OFF-MARKET
Office Spaces
10,195 SF Built 1925
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Property summary

AI-generated overview

This stunning, 10,195-square-foot Class A office building in Philadelphia's desirable Fairmount neighborhood presents a unique investment opportunity. Built in 1925 and meticulously restored, the property boasts original hardwood floors, exposed brick, high ceilings, and architectural details throughout its three floors. The flexible layout, encompassing 5,791 square feet of vacant space, allows for various configurations, including executive office suites, coworking spaces, or creative office environments. Minimum divisible space starts at 1,334 square feet, with a maximum contiguous space of 2,837 square feet. The building features multiple entrances, a renovated kitchen, multiple bathrooms, and a rear yard. The first floor includes a private office, conference room, lounge area, and expansive production space with a cyclorama. The second and third floors offer a mix of private offices and open common areas, adaptable to various needs. The property also includes four parking spaces and is conveniently located near public transportation and Center City. Zoned CMX2, this building offers incredible potential for a live/work arrangement, given its history as a brewery and its current commercial mixed-use zoning. The property sits on a 0.11-acre lot and is available for sale or lease. This is a rare opportunity to acquire a beautifully restored historic building in a highly sought-after location.

Property profile

Verified
Property type Office Spaces
Year built 1925
Total area 10,195 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2309-11 Wallace St Philadelphia, PA 19130
Philadelphia metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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