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32-34 S Strawberry St 6,360 SF 6% Leased Office Building Philadelphia, PA 19106 $3,500,000 ($550.31/SF) 11.66% Cap Rate
INVESTMENT HIGHLIGHTS
- TURN KEY LUXURY HOTEL PHILADELPHIA LICENSED INCOME PRODUCER PRIME OLD CITY LOCATION
EXECUTIVE SUMMARY
Approved for short term rental building
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Lease Option
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
6,360 SF
Building Class
B
Year Built/Renovated
1881/2024
Price
$3,500,000
Price Per SF
$550.31
Cap Rate
11.66%
NOI
$408,000
Percent Leased
6%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
1,190 SF
Slab To Slab
12’
Building FAR
0.50
Lot Size
0.29 AC
Zoning
CMX-3 - APPROVED VISITOR ACCOMMODATIONS HOTEL USE. CMX-3 ZONING, PHILADELPHIA HOTEL LICENSED, TURN-KEY PROPERTY, Air B&B APPROVED.
AMENITIES
- 24 Hour Access
- Controlled Access
- Security System
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Full licensed VISITOR ACCOMMODATIONS Luxury building available for NET LEASE to AIR B&B Operator. Turn Key, 8 Bedrooms, 22 beds. Projected short term rental income $400,000 annually.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 5,950 SF | Office | Full Build-Out | Jan 2026 |
1st Floor
| Size |
| 5,950 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Jan 2026 |
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 5,950 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Jan 2026 |
Full licensed VISITOR ACCOMMODATIONS Luxury building available for NET LEASE to AIR B&B Operator. Turn Key, 8 Bedrooms, 22 beds. Projected short term rental income $400,000 annually.
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Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (96)
Bike Score®
Very Bikeable (84)
PROPERTY TAXES
| Parcel Number | 883011200 | Total Assessment | $1,456,000 (2026) |
| Land Assessment | $291,200 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,164,800 (2026) | Tax Year | 2025 Payable 2026 |
PROPERTY TAXES
Parcel Number
883011200
Land Assessment
$291,200 (2026)
Improvements Assessment
$1,164,800 (2026)
Total Assessment
$1,456,000 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025 Payable 2026
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Contact the Sale Advisor
32-34 S Strawberry St
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