625-35 Wister St, Philadelphia, PA 19138

Property Details for 625-35 Wister St

Property type

Retail properties & Spaces

Property subtype

Office Spaces

Description

This exceptional investment opportunity encompasses a portfolio of four buildings totaling 4,400 - 44,240 square feet at 625-35 E Wister St in Philadelphia, PA. The portfolio includes a mix of occupied and vacant spaces, offering immediate cash flow and future development potential. Buildings were constructed between 1904 and 1989, with renovations completed in 2007. The properties are classified as Class B and feature a gross lease type across multiple units. Currently, occupancy sits at 50%. One building is a seven-story structure. All buildings are part of Unit 1 of the West Campus Condominium and benefit from a convenient location near La Salle University and Willow Terrace Rehabilitation (formerly Germantown Medical Center). The RSA-1 zoning permits residential use, opening doors to diverse development strategies. Individual buildings offer varying square footage and occupancy statuses. One building is currently occupied by commercial and medical office tenants, generating immediate income. Another is vacant, presenting an opportunity for adaptive reuse, potentially within the behavioral health sector. Two additional buildings are currently occupied but are expected to be vacant within the next few months and the third quarter of 2024, respectively. The buildings' proximity to major institutions and the flexibility offered by the zoning regulations make this a compelling investment opportunity for both users and investors seeking to expand their footprint or capitalize on a diverse range of potential uses. The portfolio presents a unique chance to acquire a substantial presence in a desirable Philadelphia location. The potential for expansion exists through the acquisition of adjacent buildings within the portfolio.

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Longitude

-75.1604

Latitude

40.0542