915 Spring Garden StPhiladelphia, PA 19123

Property Details for 915 Spring Garden St

Year built

1885

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.34 AC

Property size (Sq ft)

75,000 SF

Zone code

IRMX

Property type

Industrial properties

Property subtype

Loft space

APN

88-4-0271-15

APU

884027115

Description

This exceptional 77,600 square foot creative office building, located at 915 Spring Garden Street in Philadelphia, Pennsylvania (zip code 19123), offers a unique blend of history and modern amenities. Originally constructed in 1968 and extensively renovated in 2019, the property boasts a rich past as a Reading Railroad office, textile factory, print shop, and warehouse. Currently configured as a multi-tenant building, it provides a variety of studio and creative office spaces, ranging from 1,917 to 3,066 square feet. These turn-key suites feature open floor plans, abundant natural light, attractive views, and high ceilings. Tenants enjoy 24/7 secured access and convenient access to a loading area and freight elevator. Adding to the building's appeal is the ground floor's Triple Bottom Brewing, a new brewery and eatery. Currently, 13,263 square feet of space is available. This property is situated in Philadelphia County and is part of a larger portfolio owned by Arts + Crafts Holdings within the Spring Arts area. The building's history and modern updates create a vibrant and productive work environment.

• CAP approach

  CAP return

  Valuation

  6%

  $29,959,836

  6.5%

  $27,655,234

  7%

  $25,679,860

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,189,225

  Geo Method

  $15,189,225

• Alternative Use

  Use

  Valuation

  Residential

  $27,655,234

  Hospitality

  $25,332,046

  Educational

  $21,075,964

  Medical

  $21,800,800

  Retail

  $32,784,834

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9621

Longitude

-75.1534

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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