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David Luckenbaugh

homes.luckenbaugh@gmail.com +1(703) 680-2631

Listed by Steve Izzi • SJI Jackson Realty, LLC

$ 3,995,000

Est. payment | -/mo

0.52 Acres Lot

Save

$ 3,995,000

Est. payment | -/mo

Save

0.52 Acres Lot

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Subdivision Lexington Park

MLS Listing ID PAPH2658506

Year Built 2004

Annual Tax Amount $33,842

Tax Year 2026

Lot Size 0.517 Acres

Acres 0.52

Lot Dimensions 132.00 x 170.00

Property Sub-Type Office

Source BRIGHT

Property Description

Position your practice or investment portfolio for success with this exceptional medical office building located just off the highly traveled Roosevelt Boulevard and tucked within the established Lexington Park neighborhood. This turnkey medical facility presents an outstanding opportunity for medical practitioners, healthcare organizations, or investors seeking a well-maintained asset with existing income and future upside. The property is currently anchored by Nazareth Hospital, which will occupy the building through March 31, 2028. Per the lease agreement, the tenant is required to provide six months' notice should they elect to terminate. They are also able to elect to renew the lease for another 5-year term. Encompassing approximately 20,520 square feet over two levels, the property has been thoughtfully designed to accommodate multiple medical specialties. The site includes 14 on-site parking spaces, along potential overflow parking available. The first floor is arranged around a central corridor with four medical suites (two on each side). Each suite is configured with a waiting room, reception area, private restroom, two patient exam rooms, radiology room, preparation station, technology closet, and utility/storage space. One suite is currently occupied by Temple Lung Center, while the remaining suites offer an excellent opportunity for additional medical tenants or future owner-occupancy.
The second floor is fully occupied by Trinity Health Mid-Atlantic, including both a cardiology practice and a cardiopulmonary rehabilitation group. The rehabilitation suite features a welcoming reception and waiting area along with an expansive treatment space equipped for patient rehabilitation. Across the hall, the cardiology suite includes a large waiting room capable of accommodating approximately 40 patients and is divided into two primary clinical wings, each featuring six exam rooms centered around a nurses' workstation. The suite also includes three additional exam rooms, two restrooms, multiple offices, storage areas, and support space for staff. Whether you're looking for a stable, income-producing investment or a premier medical facility with future leasing potential, this property offers an outstanding combination of location, established healthcare tenants, and long-term value. Conveniently located near major roadways, hospitals, and surrounding residential neighborhoods, this is a rare opportunity to acquire a premier medical office asset in Northeast Philadelphia. Lease information can be provided upon request.

Location

State PA

County Philadelphia

Area 19152 (19152)

Zoning CMX2

Interior

Hot Water Natural Gas

Heating Central

Cooling Central A/C

Heat Source Natural Gas

Exterior

Garage Spaces 14.0

Water Access N

Accessibility Doors - Lever Handle(s)

Total Parking Spaces 14

Garage N

Building

Sewer Public Septic

Water Public

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 883088420

Ownership Fee Simple

Special Listing Condition Standard

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(703) 680-2631

homes.luckenbaugh@gmail.com

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2630 HOLME AVE Philadelphia, PA 19152