2501 Oakford St, Philadelphia, PA 19146-3960
- Flex space
- 43,896 SF
- 0.23 lot acres
Current Use by Public Records
- Herringbone Lofts / Apartment Building
Property Details for 2501 Oakford St
- Year built
- 1950
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.23 lot acres
- Zone code
- I2
- Property type
- Flex space
- APN
- 88-4-3473-70
- APU
- 884347370
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 11, 2016 | $1,075,000 | 25th & Oakford LLC | 2501 Oakford Street LP | Grant Deed | — |
| Feb 28, 2014 | — | 2501 Oakford Street LP | — | Grant Deed · related | $13.6M · Beneficial Mutual Svgs |
| Mar 15, 2006 | $75,488 | 2501 Oakford Street | Carosella,michael | Grant Deed | — |
| Nov 16, 2005 | $825,000 | Michael Carosella | 2501 Oakford Partners | Grant Deed | — |
| Aug 13, 2005 | $270,000 | 2501 Oakford Partners | Seagull Lighting Products INC | Grant Deed | — |
Description
This exceptional 6,000 square foot coworking space is located at 2501 Oakford Street in Philadelphia's Grays Ferry submarket, at the northwest corner of 25th and Oakford Streets. The property, a renovated 100-year-old warehouse, offers a unique blend of historical charm and modern functionality. The ground floor and lower level commercial space boasts original architectural details, including a restored brick façade, large factory windows, exposed structural wood beams, and glass storefront doors, creating an abundance of natural light. Ceiling heights measure 10'6" to the underside of the ceiling and 10'2" to the underside of the beams. The space features convenient access to a trash room and ample street parking. Renovated in 2022, this property is a "warm dark shell" and offers a single, large space ideal for a coworking setup. The building has 54 loft apartment units above the commercial space. The property enjoys excellent street frontage, measuring 179 feet on Oakford Street and 57 feet on 25th Street. It is zoned I-2 and benefits from a prime location, just four blocks south of the Washington Avenue corridor, and situated at the intersection of Grays Ferry, Point Breeze, and Graduate Hospital neighborhoods. Nearby businesses include Philadelphia Scooters, The Sandwich Cafe, Dollar Tree, Reed Food Market, and Dock Street Brewery South. This is a rare opportunity to establish a thriving coworking business in a vibrant and rapidly developing area of Philadelphia.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,702,000
- AI Estimate
- $6,048,000
Market price range: $1.69M - $8.77MMarket price range: $864k - $10.3M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $4,700,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $8,145,000 Change: +73% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $7,895,000 Change: +68% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.186
- Latitude
- 39.9378
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
