150 Independence MallPhiladelphia, PA 19106

Property Details for 150 Independence Mall

Year built

1976

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.98 AC

Property size (Sq ft)

816,208 SF

Zone code

CMX4

Property type

Office properties

Property subtype

Office buildings

APN

88-3-0095-05

APU

883009505

Description

This exceptional retail property, located at 150 South Independence Mall West in Philadelphia, Pennsylvania, 19106, offers a substantial 9,913 square feet of completely vacant space. The property is classified as a multi-tenant retail building, presenting a unique opportunity for a single tenant to occupy the entire space or for multiple tenants to collaborate. Its prime location in Philadelphia ensures high visibility and foot traffic, making it ideal for a variety of retail businesses. The building's total square footage is 9,913 square feet, all of which is currently available for lease. This presents a rare chance to secure a significant retail presence in a vibrant and historically significant area of the city. The property's address is easily accessible, offering convenient access for both customers and employees. The latitude and longitude coordinates are 39.9489243, -75.1510264, respectively. This property is currently listed for lease and is ready for immediate occupancy. The building's size and location make it an attractive option for businesses seeking a prominent presence in Philadelphia's bustling commercial landscape. Interested parties are encouraged to inquire further to explore the possibilities this exceptional retail space offers. The property is categorized as commercial real estate.

• CAP approach

  CAP return

  Valuation

  6%

  $262,940,416

  6.5%

  $242,714,224

  7%

  $225,377,488

• Comparable approach

  Method

  Valuation

  Relative Method

  $106,645,736

  Geo Method

  $106,645,736

• Alternative Use

  Use

  Valuation

  Residential

  $300,965,632

  Hospitality

  $275,682,912

  Educational

  $229,364,944

  Medical

  $237,253,152

  Retail

  $356,789,920

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9534

Longitude

-75.1506

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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