2013 Walnut StPhiladelphia, PA 19103

Property Details for 2013 Walnut St

Year built

1840

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.05 AC

Property size (Sq ft)

8,264 SF

Zone code

CMX4

Property type

Investment properties

Property subtype

Live-work space

APN

87-1-2980-40

APU

871298040

Description

This exceptional retail property, located at 2013 Walnut Street in Philadelphia, Pennsylvania, presents a unique investment opportunity. The building, situated in the desirable Rittenhouse Square neighborhood, boasts a total of 2,000 square feet across five stories, with the entire space currently vacant and ready for immediate occupancy. The property is zoned CMX-4, offering flexibility for a variety of uses. The generous lot size of 8,550 square feet provides ample space for outdoor seating or expansion, a significant advantage in this vibrant location. The building's prime location within Philadelphia County, zip code 19103, ensures high visibility and foot traffic, making it ideal for a restaurant or similar high-traffic business. The property is classified as a multi-tenant retail building, although the entire 2,000 square feet is currently available. This presents a rare chance to establish a flagship location in a highly sought-after area of Philadelphia. The address, 2013 Walnut Street, places the property within easy reach of both residential and commercial centers, maximizing potential customer reach. This is a turnkey opportunity for a discerning investor or business owner seeking a prominent presence in one of Philadelphia's most prestigious neighborhoods. The property's size and zoning provide significant potential for customization and adaptation to suit a wide range of business needs. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $2,662,238

  6.5%

  $2,457,450

  7%

  $2,281,918

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,079,774

  Geo Method

  $1,079,774

• Alternative Use

  Use

  Valuation

  Residential

  $3,047,238

  Hospitality

  $2,791,254

  Educational

  $2,322,290

  Medical

  $2,402,158

  Retail

  $3,612,452

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9508

Longitude

-75.1742

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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