1725 Spruce StPhiladelphia, PA 19103
- Residential income properties
- 5,050 SF
Property Details for 1725 Spruce St
- Year built
- 1890
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.05 AC
- Property size (Sq ft)
- 5,050 SF
- Zone code
- RM4
- Property type
- Residential income properties
- Property subtype
- Other apartment buildings
- APN
- 88-1-5427-00
- APU
- 881542700
Description
This exceptional 1,900 square foot executive office space, located at 1725 Spruce St #1st & Lower Level in Philadelphia, PA 19103, is situated in a charming six-unit building just off Rittenhouse Park. The property boasts a desirable RM4 zoning and offers a unique blend of historic charm and modern functionality. The first floor features a spacious conference room with impressive, high (14-foot) ceilings and historic windows with shutters, a welcoming reception area, and several smaller, adaptable office spaces. A convenient trash room provides alley and street access. The lower level includes a half-bath, a kitchenette, built-in bookshelves, and an unfinished back room with cement floors and the building's heating system. The total building size is 5,050 square feet, with the 1,900 square foot space currently available for lease. The property sits on a 0.05-acre lot and was built in 1890. Two half-bathrooms are included in the 1,900 square foot space. With some cosmetic updates, this space presents a fantastic opportunity for a business seeking a prestigious and well-located office environment. A virtual tour is available.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,017,296
- 6.5%
- $1,862,119
- 7%
- $1,729,111
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,022,741
- Geo Method
- $1,022,741
-
Alternative Use
- Use
- Valuation
- Residential
- $1,862,119
- Hospitality
- $1,705,691
- Educational
- $1,419,115
- Medical
- $1,467,920
- Retail
- $2,207,512
Location Insight
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Latitude
- 39.9479
- Longitude
- -75.1705
- 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
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