10050 Roosevelt Blvd 10 Philadelphia, PA 19116-3965
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.
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CA-1 Auto-Oriented Commercial-1 C-7 NSC CA-2 Auto-Oriented Commercial-2 ASC Eliminated >> C-6 (.2) Map Symbols. (.a) The alphanumeric map symbols are intended to provide a general, relative indication of the range of uses and activities allowed within the respective districts. "CMX" is used to indicate a mixed-use zoning district that is intended to accommod…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
CA1 · Philadelphia, PACA-1 Auto-Oriented Commercial-1 C-7 NSC CA-2 Auto-Oriented Commercial-2 ASC Eliminated >> C-6 (.2) Map Symbols. (.a) The alphanumeric map symbols are intended to provide a general, relative indication of the range of uses and activities allowed within the respective districts. "CMX" is used to indicate a mixed-use zoning district that is intended to accommodate both commercial and non-commercial development. "CA" is used to indicate zoning districts primarily intended to accommodate auto-oriented commercial development. 291 (.b) The numeral following the dash in the Commercial district map symbols is a relative indicator of the density/intensity or use, with a "1" indicating the lowest density/intensity/use option. (b) Purposes. Philadelphia's commercial zoning districts are primarily intended to accommodate and promote neighborhood-, community- and region-serving commercial uses, as well as mixed-use development consisting of commercial and residential uses in the same building or on the same site. This type of mixed-use development is encouraged in many areas of the City because it reflects the City's traditional urban, pedestrian-oriented character. Encouraging residential development in Commercial zoning districts also provides increased housing choice and reduces motorized transportation demands. The Commercial districts are distinguished primarily on the basis of allowed uses and commercial floor area limits. In the event of a conflict between any provision of this § 14-402 (Commercial and Commercial Mixed-Use Districts) and any other provision of this Zoning Code, the latter shall govern. (c) Descriptions. (.1)
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.
