1619 Walnut StPhiladelphia, PA 19102

Property Details for 1619 Walnut St

Year built

1937

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.14 AC

Property size (Sq ft)

42,624 SF

Zone code

CMX5

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

88-3-0433-00

APU

883043300

Description

This exceptional office property, located at 1619 Walnut Street in Philadelphia, Pennsylvania, offers a range of flexible spaces ideal for businesses seeking a prime location in the heart of Rittenhouse Square. The building, a Class B property constructed in 1937 and renovated in 2009, boasts a total of 36,648 square feet. Currently, multiple suites are available, ranging from a minimum of 2,500 square feet to a maximum contiguous space of 10,200 square feet. Each space features efficient floor plans designed to maximize functionality, abundant natural light from multiple window elevations, and includes private offices, conference rooms, a kitchen, and private restrooms. The top-floor suite offers the unique amenity of a private balcony overlooking Walnut Street. This central location provides unparalleled access to Philadelphia's finest dining, museums, theaters, and high-end retail, all within walking distance. Furthermore, the building enjoys exceptional public transportation access, with multiple SEPTA bus routes, the Broad Street Line, PATCO (connecting to New Jersey), and Regional Rail lines (connecting to Philadelphia suburbs) all conveniently located nearby. This property presents a rare opportunity to secure prestigious office space in one of Philadelphia's most desirable neighborhoods. The building is situated in Philadelphia County, zip code 19102.

• CAP approach

  CAP return

  Valuation

  6%

  $17,026,774

  6.5%

  $15,717,022

  7%

  $14,594,378

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,632,340

  Geo Method

  $8,632,340

• Alternative Use

  Use

  Valuation

  Residential

  $15,717,022

  Hospitality

  $14,396,708

  Educational

  $11,977,892

  Medical

  $12,389,830

  Retail

  $18,632,276

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9501

Longitude

-75.1684

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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