2401 Walnut StPhiladelphia, PA 19103

Property Details for 2401 Walnut St

Year built

1925

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.01 AC

Property size (Sq ft)

148,496 SF

Zone code

CMX4

Property type

Office buildings

APN

88-3-0391-05

APU

883039105

Description

This exceptional 6,000 square foot retail property, located at 2401 Walnut Street in Philadelphia, Pennsylvania (zip code 19103), presents a unique opportunity for a discerning tenant. Currently configured as a single-tenant space, 5,415 square feet are immediately available for lease. The property is classified as both commercial and restaurant space, making it ideal for a variety of culinary or retail ventures. Its prime location in Philadelphia County offers excellent visibility and accessibility. A key feature is the inclusion of an outdoor deck, providing additional space for customer seating or events. Convenient parking is also available, a significant advantage in a bustling urban setting. Furthermore, the property benefits from the adjacency of office and retail spaces, creating a synergistic environment and potentially attracting a high volume of foot traffic. The building's total square footage is 6,000 square feet, ensuring ample space for operations and storage. This second-generation restaurant space is ready for immediate occupancy and offers a blank canvas for a creative and successful business. The property's location in the vibrant 19103 zip code provides access to a dense population and a thriving commercial district. This is an unparalleled opportunity to establish a thriving business in a highly desirable Philadelphia location.

• CAP approach

  CAP return

  Valuation

  6%

  $54,216,200

  6.5%

  $50,045,700

  7%

  $46,471,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $19,402,500

  Geo Method

  $19,402,500

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $97,962,200

  Retail / Commercial

  $50,345,400

  Mixed-Use / Specialty

  $50,253,300

  Hospitality / Lodging

  $36,983,000

  Institutional / Educational

  $52,274,400

  Residential Income

  $61,161,000

  Multifamily

  $72,868,900

  Automotive / Energy

  $44,806,600

  Parking / Income-Based Land

  $15,375,900

  Restaurant / Food Service

  $26,323,500

  Healthcare / Senior Housing

  $51,444,200

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9514

Longitude

-75.1804

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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