1 Reed St Philadelphia, PA 19147
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.