2112 Walnut StPhiladelphia, PA 19103

Property Details for 2112 Walnut St

Year built

1880

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.11 AC

Property size (Sq ft)

8,072 SF

Zone code

RMX3

Property type

Office buildings

APN

88-3-5145-00

APU

883514500

Description

This stunning five-story, 13,754-square-foot executive office building at 2112 Walnut Street in Philadelphia, PA, presents a unique investment opportunity. Built in the late 1800s and renovated in 1990, this double-wide brownstone boasts beautiful historic details, perfectly situated within the Rittenhouse Square Filter Historic District. Previously occupied by a high-end law firm for many years, the property is currently vacant and ready for imaginative redevelopment. The building features a passenger elevator and a significant advantage: a private, six-space parking lot accessed from Chancellor Street – a rare find in this prime location. The property sits on a 4,845-square-foot lot and is zoned RMX-3. The asking price is $2,850,000. This is an exceptional chance to acquire a landmark property in one of Philadelphia's most desirable neighborhoods. The building's rich history and prime location offer significant potential for a variety of uses, making it an attractive investment for owner-users seeking a prestigious address. The vacant status allows for immediate customization to suit specific business needs. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $2,600,385

  6.5%

  $2,400,355

  7%

  $2,228,902

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,054,688

  Geo Method

  $1,054,688

• Alternative Use

  Use

  Valuation

  Residential

  $2,976,440

  Hospitality

  $2,726,404

  Educational

  $2,268,336

  Medical

  $2,346,347

  Retail

  $3,528,522

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9506

Longitude

-75.1765

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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