This exceptional Old City retail property at 219 Vine St, Philadelphia, PA 19106 offers three available suites ranging from 1,184 to 4,590 contiguous square feet. The building, situated at the corner of Vine St and N 3rd St, boasts 90 feet of prime Vine Street frontage, ensuring high visibility and pedestrian traffic. Located within the CMX-3 zoned Old City submarket, this two-story building presents a unique opportunity for businesses seeking a vibrant location. The property's strategic position provides easy access to major roadways including I-95, I-676, and Columbus Boulevard, as well as Penn's Landing and public transportation. Benefit from the high volume of tourists and foot traffic characteristic of this historically significant and densely populated neighborhood. The flexible space allows for various retail concepts, making it an ideal investment for businesses seeking a prominent presence in Philadelphia's Old City. The building consists of one structure with a total of three suites.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$20,938,330
6.5%
$19,327,690
7%
$17,947,140
Comparable approach
Method
Valuation
Relative Method
$10,615,446
Geo Method
$10,615,446
Alternative Use
Use
Valuation
Residential
$19,327,690
Hospitality
$17,704,060
Educational
$14,729,570
Medical
$15,236,143
Retail
$22,912,664
Location Insight
City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
39.956
Longitude
-75.1436
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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