701 Market StPhiladelphia, PA 19106
- Investment properties
- 845,230 SF
Property Details for 701 Market St
- Year built
- 1893
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 3.20 AC
- Property size (Sq ft)
- 845,230 SF
- Zone code
- CMX5
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 88-3-2495-00
- APU
- 883249500
Description
This exceptional 17,486-square-foot executive office space is ideally situated at 701 Market Street in Philadelphia, Pennsylvania, zip code 19106. Located in Philadelphia County, this single-tenant property offers a complete and immediately available office solution. The entire building, totaling 17,486 square feet, is currently vacant and ready for immediate occupancy. This presents a unique opportunity for a business seeking a substantial, self-contained office environment in a prime Philadelphia location. The property's classification as an "Executive Office" suggests a high level of finish and amenities, making it suitable for a discerning tenant. The address, 701 Market Street, places the property within easy reach of major transportation arteries, likely offering convenient access for employees and clients. The property's size and single-tenant occupancy provide significant flexibility for a company seeking to establish a substantial presence in the city. This is a rare opportunity to secure a large, high-quality office space in a desirable Philadelphia location. The property is ready for immediate lease, offering a blank canvas for a company to design and implement its ideal workspace. Interested parties are encouraged to inquire for further details and to schedule a viewing. The property's location in Philadelphia County, Pennsylvania, provides access to a robust business infrastructure and a diverse workforce.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $337,639,360
- 6.5%
- $311,667,104
- 7%
- $289,405,184
-
Comparable approach
- Method
- Valuation
- Relative Method
- $171,178,512
- Geo Method
- $171,178,512
-
Alternative Use
- Use
- Valuation
- Residential
- $311,667,104
- Hospitality
- $285,485,408
- Educational
- $237,520,496
- Medical
- $245,689,200
- Retail
- $369,476,320
Location Insight
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Latitude
- 39.9516
- Longitude
- -75.1527
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].