2309-11 Wallace StPhiladelphia, PA 19130

This stunning three-story, 10,195 sq ft executive office building in Philadelphia's Fairmount neighborhood presents a unique investment opportunity. Built in 1925 and meticulously restored, the property boasts original wood floors, exposed brick, high ceilings, and architectural details throughout. The flexible layout includes a first floor with private offices, a conference room, renovated kitchen, lounge area, expansive production space with a cyclorama, and three bathrooms. The second floor offers a large common space, four private offices (easily configurable), a kitchen/conference/lounge area, and two bathrooms. The third floor provides a large co-working space, smaller offices, and a luxurious bathroom. The building features two entrances, two garages (one single-car, one three-car minimum), and a rear yard. Zoned CMX-2, it offers incredible versatility, with potential for residential conversion (variance required). The building is currently 30% occupied and available for sale or lease. The 4,700 sq ft lot provides ample space, and the property is conveniently located near public transportation and Center City, with a parking lot nearby. This is a rare opportunity to acquire a beautifully restored historic building with significant potential in a highly desirable location. The asking price is $1,205,000, with a cap rate of 6.00% and a price per square foot of $0.12. The property includes split heating and air conditioning systems for individual floor control. The building's rich history, dating back to its origins as a brewery in 1863, adds to its unique character.