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    1601 Walnut St Philadelphia, PA 19102

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    For Lease
    $26 SF/Yr ($2,264 /Mo)

    Medical office space in upscale Philadelphia business district.

    Property size:
    1,045 SF
    Lot size:
    0.20 Acres

    Property Features for 1601 Walnut St

    General Information

    Size
    1,045 SF
    Lot size
    0.20 Acres

    Source: M.S. Fox Real Estate Agent Scott Lewis

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

    Overview

    Medical Office Space for Rent

    The Medical Arts Building, originally constructed in 1916 and designed by architect Charles Oelschlager, features a brick and limestone facade. A 15-story addition was built in 1924. Situated in the heart of Philadelphia’s upscale business and retail environment, the building is near restaurants, retail shopping, clubs, and cultural institutions. Transportation options include the Patco Hi-speed line, Broad Street subway, Market-Frankford line, and Septa regional rail, all within walking distance. The available office space is 1045 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Nature & Nurture Therapies Massage Therapist Pennsylvania Oral & Maxillofacial ... Oral Surgeon MedArt Endodontics Endodontist 20/20 Dentistry Dentist Dentistry for Life Dentist

    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.

    Similar Places Nearby

    Liberty Vet Pets, World of Animals at Rittenhouse, Mc Kinstry Elizabeth R DVM, Rittenhouse Veterinary Medical Center, City Cat Vets

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.167693
    Latitude
    39.950008

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    FAQs

    What type of property is this?
    Medical office - Medical office space in upscale Philadelphia business district.
    Where is this medical office located?
    The property is located at 1601 Walnut St Philadelphia, PA.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in the heart of Philadelphia's upscale business and retail environment.; - Immediate access to the city's finest restaurants, retail shopping, clubs, and cultural institutions.; - Convenient access to multiple public transportation options: Patco Hi-speed line, Broad street subway, Market-frankford line and Septa regional rail.
    (215) 568-8000
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    1601 Walnut St Philadelphia, PA 19102
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    Philadelphia, PA 19102
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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
    1601 Walnut St Philadelphia, PA 19102
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