2001 Market StPhiladelphia, PA 19103

Property Details for 2001 Market St

Year built

1991

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.48 AC

Property size (Sq ft)

1,152,480 SF

Zone code

CMX5

Property type

Investment properties

Property subtype

Retail residential properties

APN

88-3-0543-61

APU

883054361

Description

This exceptional Class A office space, located at 2001 Market Street in Philadelphia, Pennsylvania, offers a diverse range of options for businesses of all sizes. The building, Spaces Commerce Square, boasts a total of 10,435 square feet and comprises 350 individual suites, providing flexibility for various tenancy needs. Currently, 5,970 square feet of space is available, with a minimum divisible unit of 10 square feet and a maximum contiguous space of 1,300 square feet. The property caters to a variety of office styles, including traditional office spaces, executive suites, and coworking arrangements. Situated in the heart of downtown Philadelphia, in Philadelphia County, zip code 19103, this location offers unparalleled access to the city's vibrant business community and its extensive network of established companies and burgeoning startups. The building's prime location provides easy access to major transportation arteries, ensuring seamless commutes for employees and clients alike. This is an exceptional opportunity to establish a presence in one of Philadelphia's most sought-after commercial districts. The building's A-class designation reflects its high-quality construction, modern amenities, and sophisticated design. Contact us today to explore the available options and secure your ideal workspace in this dynamic and thriving city.

• CAP approach

  CAP return

  Valuation

  6%

  $460,374,848

  6.5%

  $424,961,376

  7%

  $394,607,008

• Comparable approach

  Method

  Valuation

  Relative Method

  $233,403,712

  Geo Method

  $233,403,712

• Alternative Use

  Use

  Valuation

  Residential

  $424,961,376

  Hospitality

  $389,262,336

  Educational

  $323,861,696

  Medical

  $334,999,808

  Retail

  $503,784,864

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9542

Longitude

-75.1737

CBSA code

37980

CBSA name

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

Property Tax & Assessments

FAQs

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