2001 Market StPhiladelphia, PA 19103

  • Mixed-use properties
  • 1,152,480 SF
For Lease

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
Mixed-use properties
Property subtype
Other investment 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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
2001 Market St, Philadelphia, Pennsylvania

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,624,625
$37,500,000
$150,000,000
$187,500,000
-
$37,500,000
$150,000,000
$187,500,000

FAQs

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