1725 Spruce StPhiladelphia, PA 19103
- Apartment buildings
- 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
- 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%
- $2,253,270
- 6.5%
- $2,079,940
- 7%
- $1,931,370
-
Comparable approach
- Method
- Valuation
- Relative Method
- $772,005
- Geo Method
- $772,005
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $3,331,470
- Retail / Commercial
- $1,712,130
- Mixed-Use / Specialty
- $1,709,000
- Hospitality / Lodging
- $1,257,700
- Office
- $1,701,940
- Institutional / Educational
- $1,777,730
- Multifamily
- $2,478,100
- Automotive / Energy
- $1,523,770
- Parking / Income-Based Land
- $522,898
- Restaurant / Food Service
- $895,202
- Healthcare / Senior Housing
- $1,749,500
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
- 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].