1936 Washington Ave - Office FOR SALE


Philadelphia, PA 19146- Point Breeze
$9,200,000 USD
215-735-7368
1936 Washington Ave, Philadelphia, PA for Sale
$9,200,000 USD
Office - FOR SALE
1/1
null | Request Cap Rate

1936 Washington Ave
Philadelphia, PA 19146
Point Breeze


OVERVIEW

1924–36 Washington Avenue | Philadelphia, PA 19146Fully Renovated, Multi-Tenant Commercial Investment | ±40,000 SF 1924–36 Washington Avenue presents a great opportunity to acquire a fully repositioned, institutional-quality commercial asset in one of Philadelphia’s most dynamic submarkets and a Qualified Opportunity Zone. Recently, the property has undergone a comprehensive redevelopment, transforming it into a highly-functional, state-of-the-art commercial building, designed to meet today’s tenant demands. The approximately 40,000 square foot building is efficiently configured into three primary suites, all 100% leased on long-term, triple net (NNN) leases, providing durable cash flow. Notably, one tenant is a nationally recognized franchise, further enhancing the stability and investment profile of the asset. Suite Breakdown: Suite A–B: ±6,220 SF Suite C–D: ±12,760 SF Second Floor Suite: ±20,000 SF The Most Recent Capital Improvements: Demolition of 38 masonry window openings Installation of approximately 7,500 SF of new glazing across all openings New utilities throughout (electric, plumbing, HVAC) Construction of new stair towers and full elevator installation Floor leveling and structural upgrades Brand new roof Collectively, these improvements, along with others made over the last few years, have repositioned this building from a legacy industrial warehouse into a high-functioning, modern commercial asset with strong tenant appeal, abundant natural light, and long-term operational efficiency. Conveniently located along Washington Avenue, the property benefits from excellent visibility, strong neighborhood demographics, and proximity to Center City, University City, and major transportation corridors. This location continues to attract a diverse mix of national and regional tenants, supporting long-term demand and rental growth.

FOR SALE DETAILS

PRICE

$9,200,000 USD

PRICE/SF

$219 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

I2

APN/PARCEL ID

884006270

ASK ABOUT THIS PROPERTY

Scott ScuderiOCF Realty LLCMore Info
215-735-7368

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Scott ScuderiOCF Realty LLCMore Info
215-735-7368

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.