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Renovated Historic Office Building
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1700-1702 Race St, Philadelphia, PA 19103

Completely renovated 2023 office building with new HVAC, electrical systems, and a modern fire alarm system.

Property Size16,400 SF
Days on Market66

Property Features for 1700-1702 Race St

General Information

Standard status Active
Size 16,400 SF
Property subtype OFFICE

Building Details

Year Renovated 2023
Listing Agency: Newmark | Philadelphia
Listed By: Michael Dolan
Source: Moodyscre
Added: May 27 Changed: Jul 26 Last Checked: Jul 30 at 9:45AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark | Philadelphia

Investment Insights

Based on property information with market context.

1700–1702 Race St is an office building that underwent a comprehensive renovation completed in 2023. The renovation preserved the building’s historical integrity while modernizing core infrastructure.

Improvements include installation of a new HVAC system and advanced electrical systems designed to maximize energy efficiency and support tenant comfort. The property also features a state-of-the-art fire alarm system built to meet current safety standards.

The offering includes a fully updated infrastructure package, making the building well suited for occupancies that require modern building systems within a historically preserved office setting.

Key Highlights

  • Comprehensive renovation completed in 2023, modernizing infrastructure while preserving the building’s historical integrity
  • New HVAC system installed as part of the 2023 renovation
  • Advanced electrical systems installed to support improved energy efficiency and tenant comfort

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Auto Parts Store Electrical Service Tanning Salon Veterinary Clinic (Bike/Boat/Book/etc) Store Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

23,613
Businesses Nearby

Demographics for 19103, PA

28,717
Population
20,064
Households
1.4
Avg Household Size
36
Median Age
81%
College-Educated
98%
High-School Grad
0.6 sq mi
ZIP Area
47,862
Density / Sq Mi
$97,940
Median Household Income
$76,680
Median Earnings
$1,955
Median Rent
$551,700
Median Home Value

Market

Vacancy Rate% for Office in Philadelphia, PA

14.2% 2019
14.1% 2020
16.2% 2021
19% 2022
20.5% 2023
19.6% 2024
19.7% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Completely renovated 2023 office building with new HVAC, electrical systems, and a modern fire alarm system.
Where is this office building located?
The property is located at 1700-1702 Race St Philadelphia, PA.
What are key features of this property?
This property features: Comprehensive renovation completed in 2023, modernizing infrastructure while preserving the building’s historical integrity; New HVAC system installed as part of the 2023 renovation; Advanced electrical systems installed to support improved energy efficiency and tenant comfort
(215) 561-8300 Call to check price and availability
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