1025 Hamilton St Philadelphia, PA 19123
- Office Properties & Spaces
- 25,014 SF
- 0.35 lot acres
Current Use by Public Records
- Next In Line Comedy / Nightclub / Theater & Performing Art Venue
- Broad Street Kickboxing / Training Center / Sports School
- Momentary Ink / Tattoo & Piercing Shop
Property Details for 1025 Hamilton St
- Year built
- 1925
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.35 lot acres
- Property size
- 25,014 SF
- Zone code
- IRMX
- Property type
- Office Properties & Spaces
- APN
- 88-2-0179-12
- APU
- 882017912
Description
This three-story, 31,889 square foot Class C creative office building at 1025 Hamilton Street in Philadelphia, PA, offers multiple tenancy options. Built in 2010, the property features 9,359 square feet of vacant space, divisible into units as small as 1,833 square feet and up to a contiguous 6,522 square feet. The building boasts unique features ideal for creative or tech companies, including ample natural light, multiple breakout rooms, a blend of hardwood and polished concrete floors, and a kitchenette. Architectural details such as exposed rafters and lofted office space add to the building's character. Located in the thriving Spring Arts District, the property benefits from excellent access to public transportation (SEPTA bus routes, Market-Frankford and Broad-Ridge Spur subway lines, and new bike lanes), major highways (I-676, I-76, and I-95), and a vibrant mix of restaurants and breweries. The area is also experiencing significant infrastructure improvements, including the recently opened Phase One of the Rail Park and planned greenway projects. The building's central location provides easy access to Center City, Northern Liberties, Old City, Chinatown, and Fairmount.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,850,000
- 6.5%
- $5,400,000
- 7%
- $5,015,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $5,528,000
Market price range: $1.77M - $5.53M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $6,365,000 Current use
- RESTAURANT
- $7,745,000 Change: +22% Conversion: Moderate
- APARTMENT HOUSE (5+ UNITS)
- $6,955,000 Change: +9% Conversion: Easy
- MEDICAL BUILDING
- $6,140,000 Change: -3% Conversion: Easy
- COMMERCIAL (GENERAL)
- $5,465,000 Change: -14% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.1556
- Latitude
- 39.9605
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA