For Sale
$1,800,000

625-35 Wister Ave Philadelphia, PA 19144

Multi-Tenant Medical Office, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional two-story, 44,240 square foot Class B medical office building presents a compelling investment opportunity in Philadelphia, Pennsylvania. Located at 625-35 E Wister Ave, 19144, this multi-tenant property boasts a 70% occupancy rate, generating immediate cash flow from existing tenants, including a pediatric practice and private educational community-based services. Built in 1967 and renovated in 2007, the building is part of UNIT 1 of the West Campus Condominium. The gross lease structure simplifies management. The property's RSA-1 zoning allows for flexibility, including potential residential conversion. Its strategic location offers immediate proximity to La Salle University and Willow Terrace Rehabilitation (formerly Germantown Medical Center), providing strong visibility and access to a diverse population. The asking price is $1,800,000. An adjacent building, Founders Building (17,280 SF), is also available for purchase, providing an opportunity to expand the footprint for users or investors seeking additional square footage. This presents a rare chance to acquire a well-established medical office building with significant upside potential in a desirable Philadelphia location.

Highlights

  • Commercial and medical office building with existing tenants providing immediate cash flow.
  • Adjacent 17,280 SF Founders Building available for purchase.
  • RSA-1 zoning permits residential use.
  • Excellent location near La Salle University and Willow Terrace Rehabilitation.
  • Part of the West Campus Condominium, Unit 1.

Property Details for 625-35 Wister Ave

Property type
Office properties, Medical offices
Square Feet
44,240 SF
Class
B
Year Built/Renovated
1967/2007
Stories
2

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
40.0396539
Longitude
-75.1599192

FAQs

What type of property is this?
Office property - Multi-Tenant Medical Office, High Occupancy
Where is the office property located?
The property is located at 625-35 Wister Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Commercial and medical office building with existing tenants providing immediate cash flow.; Adjacent 17,280 SF Founders Building available for purchase.; RSA-1 zoning permits residential use.
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.
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625-35 Wister Ave
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