10050 Roosevelt Blvd Philadelphia, PA 19115
- Office Properties & Spaces
- 1,080 SF
Current Use by Public Records
- The Greater Northeast Medical & Professional Building / Medical Center
- Dunkin' / Bagel Shop / Coffee Shop
- FLEX Auto Rentals / Car Rental Agency
- U-Haul Neighborhood Dealer / Trailer Rental Service / Truck Rental Agency
- Anatoly Shlobin / Physical Therapist
Property Details for 10050 Roosevelt Blvd
- Year built
- 1960
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Property size
- 1,080 SF
- Zone code
- CA1
- Property type
- Office Properties & Spaces
- APN
- 88-2-5729-45
- APU
- 882572945
Description
This exceptional 10,960 square foot Class A medical office building, constructed in 2007 and renovated in 2020, presents a unique single-tenant opportunity in Northeast Philadelphia's thriving medical submarket. The property boasts 4,400 square feet of readily available space, perfectly suited for a variety of medical practices. The existing build-out includes seven exam rooms, a nurses' station, reception and administrative areas, an imaging room, waiting area, utility room, IT room, and staff kitchen/breakroom. The building features ample parking with 50 spaces, though it lacks elevators. Located at 10050 E Roosevelt Blvd, Philadelphia, PA 19115, near the intersection of Red Lion Road, this one-story building is zoned CA1 and offers convenient access to major roadways. Its strategic location provides proximity to several prominent hospitals, including Nazareth Hospital (3.2 miles), Holy Redeemer Hospital (4.5 miles), Jefferson Torresdale Hospital (5 miles), and Fox Chase Cancer Center (5.7 miles). Medical equipment and furnishings are available for purchase, making this a truly turnkey solution for an expanding or relocating medical practice. This is an exceptional opportunity to acquire a well-maintained, strategically located medical office building in a high-demand area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $6,000,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $5,585,000
- 6.5%
- $6,125,000
- 7%
- $6,070,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $5,770,000
- Geo Method
- $6,410,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $5,810,000
- Retail
- $7,020,000
- Mixed-Use
- $6,470,000
- Hospitality
- $5,925,000
- Educational
- $6,120,000
- Residential Income
- $6,590,000
- Energy
- $5,065,000
- Income-Based Land
- $5,945,000
- Food Service
- $6,005,000
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.0153
- Latitude
- 40.096
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA