2200 Arch StPhiladelphia, PA 19103

Property Details for 2200 Arch St

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Property size (Sq ft)

1,137 SF

Zone code

CMX5

Property type

Office properties

Property subtype

Other office properties

APN

88-8-1116-22

APU

888111622

Description

This exceptional 10,000-square-foot executive office condominium is ideally situated at 2200 Arch Street in Philadelphia, Pennsylvania, 19103. Located on the second floor, this impressive space boasts dramatic 18-foot ceilings and a flexible layout combining open areas with private offices. The suite includes the convenience of eleven dedicated parking spaces with direct access, a significant advantage in the Center City area. Adding to the appeal are private restrooms equipped with full showers, enhancing the overall comfort and convenience for occupants. Building amenities include a state-of-the-art on-site fitness facility, ensuring employee well-being. Security is prioritized with a 24-hour lobby attendant and suite-specific security measures. The building's prime location offers easy access in and out of Center City, minimizing commute times. For added convenience, the Arch Gourmet Cafe is located on the ground floor, providing a quick and convenient dining option. The asking price for this remarkable property is $2,850,000. This is a rare opportunity to acquire a sophisticated and well-appointed executive office space in a highly desirable Philadelphia location.

• CAP approach

  CAP return

  Valuation

  6%

  $366,283

  6.5%

  $338,108

  7%

  $313,957

• Comparable approach

  Method

  Valuation

  Relative Method

  $148,560

  Geo Method

  $148,560

• Alternative Use

  Use

  Valuation

  Residential

  $419,253

  Hospitality

  $384,034

  Educational

  $319,512

  Medical

  $330,500

  Retail

  $497,018

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.953

Longitude

-75.1802

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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