309 Callowhill StPhiladelphia, PA 19123

Property Details for 309 Callowhill St

Year built

2007

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.61 AC

Property size (Sq ft)

7,102 SF

Zone code

CMX3

Property type

Healthcare properties

Property subtype

Medical offices

APN

88-2-0001-10

APU

882000110

Description

This exceptional 6,713-square-foot single-tenant office building at 309 Callowhill Street presents a unique investment opportunity. Built in 2007, this Class B property boasts versatile space suitable for medical offices, traditional offices, creative offices, or executive suites. Its adaptable design caters to a variety of business needs. The building offers convenient amenities including approximately 30 parking spaces and a loading dock, significantly enhancing operational efficiency. The CMX-3 zoning allows for diverse uses, maximizing flexibility for the future. Accessibility is ensured through ADA compliance. Benefitting from high visibility, the property enjoys an unparalleled location adjacent to I-76 on/off ramps, providing seamless access to Southern New Jersey and Philadelphia's suburbs. Situated in the thriving Northern Liberties neighborhood, it's ideally positioned between Spring Arts, Old City, and the Delaware Waterfront, placing it within a vibrant and dynamic commercial district. Public transportation is readily available, with multiple SEPTA bus routes, bike rental stations, and a SEPTA Subway station within a single block, ensuring convenient commutes for employees and clients alike. This property offers a compelling combination of functionality, accessibility, and prime location within a rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $2,287,901

  6.5%

  $2,111,908

  7%

  $1,961,058

• Comparable approach

  Method

  Valuation

  Relative Method

  $927,947

  Geo Method

  $927,947

• Alternative Use

  Use

  Valuation

  Residential

  $2,618,766

  Hospitality

  $2,398,776

  Educational

  $1,995,753

  Medical

  $2,064,390

  Retail

  $3,104,505

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9579

Longitude

-75.1451

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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