2309-11 Wallace St Philadelphia, PA 19130

This stunning three-story, 10,195 square foot executive office building in Philadelphia's desirable Fairmount neighborhood presents a unique investment opportunity. Originally constructed in 1925, this meticulously restored property boasts original hardwood floors, exposed brick, high ceilings, and abundant architectural details. The building features two units, currently at 30% occupancy, and offers a flexible layout adaptable to various uses. The first floor includes a private office, conference room, renovated kitchen, lounge area, expansive production space with a cyclorama, three bathrooms, laundry facilities, a rear yard, and a small basement. The second floor offers a large lobby/common space, four private offices (configurable), a kitchen/conference/lounge area, and two bathrooms. The third floor provides a large co-working space, smaller offices, and a luxurious bathroom. Two entrances and two garages (one single-car, one three-car capacity) enhance accessibility. Located on a quiet street with convenient bus access and proximity to Center City, this property benefits from CMX-2 zoning, allowing for diverse redevelopment possibilities, including commercial, single-family, or multi-family uses. The asking price is $1,999,000, representing a 6.00% cap rate and a price per square foot of $196.08. The 0.11-acre lot is identified by APN 884577020. The building offers split heating and air conditioning systems for independent climate control. This is a rare opportunity to acquire a historic property with significant potential in a highly sought-after location. The property is available for sale.