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    1723 Walnut St Philadelphia, PA 19103

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    For Lease
    Contact for pricing

    High-profile retail space in Philadelphia's Rittenhouse Square neighborhood.

    Property size:
    2,780 SF
    Lot size:
    0.27 Acres

    Property Features for 1723 Walnut St

    General Information

    Size
    2,780 SF
    Lot size
    0.27 Acres

    Source: MSC Retail - Philadelphia Agent Brittany Goldberg

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Retail Space Overlooking Square

    This high-profile retail opportunity is located on the second floor of a building on the 1700 block of Walnut Street, overlooking Philadelphia’s Rittenhouse Square. The space offers approximately 10,800 square feet on the second and third floors, accessible via a dedicated Walnut Street entrance and signage. The property is suitable for various uses, including fitness/spa, creative office, furniture showroom, or entertainment venues. The building is currently undergoing redevelopment by Midwood Investments & Development. The property is expected to be delivered in Q4 2022 with an improved storefront. The property size is 2,780 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Outdoor Voices Clothing Store

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Law Firm Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.169491
    Latitude
    39.950249

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    FAQs

    What type of property is this?
    Office space - High-profile retail space in Philadelphia's Rittenhouse Square neighborhood.
    Where is this office space located?
    The property is located at 1723 Walnut St Philadelphia, PA.
    What are key features of this property?
    This property features: - Prime location on Walnut Street overlooking Rittenhouse Square.; - Large ±10,800 SF space on the 2nd/3rd floor.; - Dedicated Walnut Street entrance and signage available.
    (215) 568-2600
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    1723 Walnut St Philadelphia, PA 19103
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1723 Walnut St Philadelphia, PA 19103
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