1822 Spring Garden StPhiladelphia, PA 19130

  • Office buildings
  • 28,488 SF
For Lease
$30/SF/YR View listing

Property Details for 1822 Spring Garden St

Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.24 AC
Property size (Sq ft)
28,488 SF
Zone code
RMX3
Property type
Office buildings
APN
88-3-0709-00
APU
883070900

Description

This exceptional retail opportunity presents 1,900 square feet of first-floor space at 1822 Spring Garden Street, Philadelphia, PA 19130. Situated on the corner of 19th and Buttonwood Streets in the vibrant Fairmount submarket, this single-tenant space boasts strong retail frontage and abundant natural light from large windows. The building, constructed in 1917 and renovated in 2016, offers a total of 28,488 square feet across three stories, situated on a 10,356 square foot lot. The property is zoned RMX-3 within Philadelphia County. Its convenient location provides easy access to Center City Philadelphia, major highways including I-76, I-676, and I-95, as well as the Benjamin Franklin Bridge. The property's proximity to a Target and Whole Foods adds to its appeal and potential for high foot traffic. This is an ideal space for a variety of retail businesses seeking a prominent location in a thriving neighborhood. The building consists of one structure. The available space is part of a larger building.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $9,177,374
    6.5%
    $8,471,423
    7%
    $7,866,321
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,722,242
    Geo Method
    $3,722,242
  • Alternative Use

    Use
    Valuation
    Residential
    $10,504,564
    Hospitality
    $9,622,124
    Educational
    $8,005,494
    Medical
    $8,280,816
    Retail
    $12,452,991

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
39.963
Longitude
-75.1693
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
$87,847
$1,255,140
$5,020,560
$6,275,700
-
$1,255,140
$5,020,560
$6,275,700

FAQs

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