1435 Walnut StPhiladelphia, PA 19102

Property Details for 1435 Walnut St

Year built

1928

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.16 AC

Property size (Sq ft)

68,004 SF

Zone code

CMX5

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

88-3-0380-00

APU

883038000

Description

This exceptional Philadelphia property, located at 1435 Walnut Street, offers 12,554 square feet of versatile commercial space currently available for lease. Built in 1925, the building boasts impressive 26-foot ceilings, creating a unique and spacious atmosphere ideal for executive offices. The property is classified as Retail, Office, and Restaurant, offering flexibility for a variety of businesses. Multiple tenancies are available, with a minimum divisible space of 2,593 square feet and a maximum contiguous space of 5,185 square feet. The entire 12,554 square feet is currently vacant, presenting a rare opportunity for a single tenant to occupy the entire building or for multiple tenants to establish themselves in this prestigious location. Situated in Philadelphia County, Pennsylvania, with a zip code of 19102, this property benefits from its prime location on Walnut Street. The building's history and architectural details combine with its modern adaptability to create an unparalleled opportunity for businesses seeking a distinctive and functional workspace in the heart of Philadelphia. This is a truly unique chance to secure a significant presence in a vibrant and desirable area.

• CAP approach

  CAP return

  Valuation

  6%

  $27,165,182

  6.5%

  $25,075,554

  7%

  $23,284,442

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,772,374

  Geo Method

  $13,772,374

• Alternative Use

  Use

  Valuation

  Residential

  $25,075,554

  Hospitality

  $22,969,072

  Educational

  $19,109,998

  Medical

  $19,767,220

  Retail

  $29,726,664

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9497

Longitude

-75.1657

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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