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Property profile & analytics
OFF-MARKET
Office Spaces

1 Reed St Philadelphia, PA 19147

20,000 SF
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Total area 20,000 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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