801 Arch StPhiladelphia, PA 19107

Property Details for 801 Arch St

Year built

1975

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.01 AC

Property size (Sq ft)

195,018 SF

Zone code

ICMX

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

88-3-0096-00

APU

883009600

Description

801 Arch Street offers 173,517 square feet of Class B office and retail space in Philadelphia's vibrant Chinatown border submarket. This six-story, 1976-built building underwent extensive renovations in 2009, including complete HVAC system replacement, new windows, updated bathrooms, modernized lobbies, and elevator upgrades. The property boasts 31 on-site parking spaces and features four distinct lobbies served by six elevators. Units range from a minimum of 2,236 square feet to a maximum contiguous space of 2,850 square feet, with a total of 6,046 square feet currently vacant. The building's superior energy performance has earned recognition from the U.S. Environmental Protection Agency. Its diverse tenant base includes numerous government and non-profit organizations. Located at 801 Arch Street (cross streets: 8th Street and Arch Street), Philadelphia, PA 19107, this property presents a unique opportunity in a dynamic urban setting. The building consists of two suites in total. This is a multi-tenant building.

• CAP approach

  CAP return

  Valuation

  6%

  $77,902,768

  6.5%

  $71,910,248

  7%

  $66,773,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $39,495,632

  Geo Method

  $39,495,632

• Alternative Use

  Use

  Valuation

  Residential

  $71,910,248

  Hospitality

  $65,869,396

  Educational

  $54,802,564

  Medical

  $56,687,312

  Retail

  $85,248,432

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9537

Longitude

-75.1534

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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