2309-11 Wallace StPhiladelphia, PA 19130

For Sale
$1,205

Historic Charm, Modern Office Space

Overview

Added:
Dec 11, 2024
Days on market:
95
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.

Property Details for 2309-11 Wallace St

Property type
Other office properties, Office properties
Square Feet
10,195 SF
Class
C
Year Built
1925
Units
1

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
39.9669077
Longitude
-75.1759223
2309-11 Wallace St, Philadelphia, Pennsylvania

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2309-11 Wallace St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message