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500-02 Cheltenham Ave 3,456 SF 100% Leased Office Building Philadelphia, PA 19126 $850,000 ($245.95/SF)
Executive Summary
A rare opportunity to own a highly visible, freestanding commercial building on one of Philadelphia's busiest corridors.
Situated on a hard corner, this property offers exceptional signage exposure and easy access for clients and staff alike. The building features 4,560 SF of above-grade space plus a full basement, all sitting on a 12,059 SF lot with parking for 20+ vehicles- a genuine competitive advantage in this market.
The interior is currently configured as multi-office space with a flexible layout that can be easily reconfigured to suit a wide range of end users. Medical practices, contractors, funeral homes, law offices, and general professional users will all find the bones of this building well-suited to their needs.
The surrounding area is well-established with a strong mix of office and retail, and the property's prominent corner position puts your business in front of significant daily traffic.
Ideal for: Owner-occupants looking to stop paying rent and start building equity. Investors with the right vision will also find this worth a look.
Situated on a hard corner, this property offers exceptional signage exposure and easy access for clients and staff alike. The building features 4,560 SF of above-grade space plus a full basement, all sitting on a 12,059 SF lot with parking for 20+ vehicles- a genuine competitive advantage in this market.
The interior is currently configured as multi-office space with a flexible layout that can be easily reconfigured to suit a wide range of end users. Medical practices, contractors, funeral homes, law offices, and general professional users will all find the bones of this building well-suited to their needs.
The surrounding area is well-established with a strong mix of office and retail, and the property's prominent corner position puts your business in front of significant daily traffic.
Ideal for: Owner-occupants looking to stop paying rent and start building equity. Investors with the right vision will also find this worth a look.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
3,456 SF
Building Class
C
Year Built
1963
Price
$850,000
Price Per SF
$245.95
Percent Leased
100%
Building Height
3 Stories
Typical Floor Size
1,152 SF
Building FAR
0.29
Lot Size
0.28 AC
Zoning
RSA2 - Medium Density
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Moderately walkable
70/100
Fairly drivable
50/100
Good public transit
70/100
Fairly bikeable
50/100
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