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Property profile & analytics
OFF-MARKET Estimated value $5,375,000
Flex space

2501 Oakford St Philadelphia, PA 19146-3960

43,896 SF 0.23 ac lot Built 1950
Entity Owned 9-yr Hold Free & Clear
Property ID
US73-5828107
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1950
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 43,896 SF
Lot 0.23 ac (10,203 SF)
Zoning code I2
APN 88-4-3473-70
UPID US73-5828107
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
Current use
Occupant on record · Public records
  • Herringbone Lofts Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.70M
Blend (final) Blend
$5.38M
Owner & transaction history
25th & Oakford LLC · 9 yrs held
25th & Oakford LLC
since 2016
5 recorded transactions
2016
$1.1M
2014
Price N/A
2006
$75,488
2005
$825,000
2005
$270,000
Zoning & alternative use
I2 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $8.1M +73.2%
Commercial (general) $7.9M +67.9%
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