For Sale
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625-35 Wister StPhiladelphia, PA 19138

Prime Office & Medical Space, Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity encompasses a portfolio of four buildings totaling 4,400 - 44,240 square feet at 625-35 E Wister St in Philadelphia, PA. The portfolio includes a mix of occupied and vacant spaces, offering immediate cash flow and future development potential. Buildings were constructed between 1904 and 1989, with renovations completed in 2007. The properties are classified as Class B and feature a gross lease type across multiple units. Currently, occupancy sits at 50%. One building is a seven-story structure. All buildings are part of Unit 1 of the West Campus Condominium and benefit from a convenient location near La Salle University and Willow Terrace Rehabilitation (formerly Germantown Medical Center). The RSA-1 zoning permits residential use, opening doors to diverse development strategies. Individual buildings offer varying square footage and occupancy statuses. One building is currently occupied by commercial and medical office tenants, generating immediate income. Another is vacant, presenting an opportunity for adaptive reuse, potentially within the behavioral health sector. Two additional buildings are currently occupied but are expected to be vacant within the next few months and the third quarter of 2024, respectively. The buildings' proximity to major institutions and the flexibility offered by the zoning regulations make this a compelling investment opportunity for both users and investors seeking to expand their footprint or capitalize on a diverse range of potential uses. The portfolio presents a unique chance to acquire a substantial presence in a desirable Philadelphia location. The potential for expansion exists through the acquisition of adjacent buildings within the portfolio.

Highlights

  • 625-35 E Wister St (MOB Building): Class B, multi-tenant, gross lease, 4,400-44,240 SF, 50% occupied, currently generating cash flow from commercial and medical office tenants. Adjacent building (17,280 SF) available for purchase. RSA-1 zoning permits residential use. Near La Salle University and Willow Terrace Rehabilitation. Part of West Campus Condominium Unit 1.
  • 625-35 E Wister St (Founders Building): Currently vacant, previously office/classroom space. 17,280 SF. Adjacent building (44,240 SF) available for purchase. RSA-1 zoning allows residential use, ideal for behavioral health. Near La Salle University and Willow Terrace Rehabilitation. Part of West Campus Condominium Unit 1.
  • 625-35 E Wister St (Finance Building): Currently occupied, vacant by 3Q24. Move-in ready for office or medical use. Adjacent building (4,400 SF) available for purchase. RSA-1 zoning permits residential use. Near La Salle University and Willow Terrace Rehabilitation. Part of West Campus Condominium Unit 1.
  • 625-35 E Wister St (Facilities Management Building): Currently occupied, expected vacant soon. Adjacent building (4,510 SF) available for purchase. RSA-1 zoning permits residential use. Near La Salle University and Willow Terrace Rehabilitation. Part of West Campus Condominium Unit 1.

Property Details for 625-35 Wister St

Property type
Retail properties, Office properties
Square Feet
4,400 SF
Class
B
Year Renovated
2007
Stories
7
Units
1

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
40.0542169
Longitude
-75.1603752
625-35 Wister St, Philadelphia, Pennsylvania

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625-35 Wister St
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