1936 Washington Ave 40,000 SF 100% Leased Office Building Philadelphia, PA 19146 $12,456,892 CAD ($311.42 CAD/SF)

1924–36 Washington Avenue | Philadelphia, PA 19146Fully Renovated, Multi-Tenant Commercial Investment | ±40,000 SF
1924–36 Washington Avenue presents a great opportunity to acquire a fully repositioned, institutional-quality commercial asset in one of Philadelphia’s most dynamic submarkets and a Qualified Opportunity Zone.
Recently, the property has undergone a comprehensive redevelopment, transforming it into a highly-functional, state-of-the-art commercial building, designed to meet today’s tenant demands.
The approximately 40,000 square foot building is efficiently configured into three primary suites, all 100% leased on long-term, triple net (NNN) leases, providing durable cash flow.
Notably, one tenant is a nationally recognized franchise, further enhancing the stability and investment profile of the asset.
Suite Breakdown:
Suite A–B: ±6,220 SF
Suite C–D: ±12,760 SF
Second Floor Suite: ±20,000 SF
The Most Recent Capital Improvements:
Demolition of 38 masonry window openings
Installation of approximately 7,500 SF of new glazing across all openings
New utilities throughout (electric, plumbing, HVAC)
Construction of new stair towers and full elevator installation
Floor leveling and structural upgrades
Brand new roof
Collectively, these improvements, along with others made over the last few years, have repositioned this building from a legacy industrial warehouse into a high-functioning, modern commercial asset with strong tenant appeal, abundant natural light, and long-term operational efficiency.
Conveniently located along Washington Avenue, the property benefits from excellent visibility, strong neighborhood demographics, and proximity to Center City, University City, and major transportation corridors. This location continues to attract a diverse mix of national and regional tenants, supporting long-term demand and rental growth.