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    601 Spring Garden St Philadelphia, PA 19123

    Sponsored
    For Lease
    $1.00 SF/Yr ($1,599 /Mo)

    Philadelphia Creative Office Suites Available

    Lot size:
    19,195 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This stunning, recently redeveloped creative office building at 601 Spring Garden Street in Philadelphia, PA offers a unique leasing opportunity. The available space, totaling between 3,794 and 7,588 contiguous square feet, is situated on the 4th and 5th floors and features direct elevator access. This turnkey suite boasts en-suite bathrooms and showers, a full kitchen, multiple offices, phone rooms, and conference rooms. High ceilings and brand-new operable windows on two sides provide abundant natural light and panoramic city views. Multiple parking spaces are available in an adjacent lot. The building, constructed in 1885, is part of the vibrant Spring Arts neighborhood, known for its independent creative spirit and a growing number of restaurants, breweries, and entertainment venues. The location offers exceptional walkability (Walk Score 93), bikeability (Bike Score 94), and transit access (Transit Score 100), with easy access to major highways (I-676, I-76, and I-95) for convenient travel to Center City, New Jersey, and the Philadelphia suburbs. The total building size is 19,195 square feet, and the minimum divisible space is 3,794 square feet. Nearby neighborhoods include Old City, Chinatown, and Northern Liberties, offering additional amenities. This property presents a rare opportunity to lease exceptional office space in a thriving and highly accessible location.

    Property Features for 601 Spring Garden St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    19,195 SF
    Total Rate
    1599.58

    Building Details

    Year Built
    1885

    Unit(s) available at that property

    Space
    4th Floor
    Size
    7,588 SF
    Rate per SF
    $1.00
    Space
    5th Floor
    Size
    3,794 SF
    Rate per SF
    $1.00
    Property Profile Location Intelligence

    Current Use by Public Records

    Arts & Crafts Holdings Investment Company Trilogy Nightclub Night Club

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon 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
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1483815
    Latitude
    39.9616141

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    FAQs

    What type of property is this?
    Office space - Philadelphia Creative Office Suites Available
    Where is this office space located?
    The property is located at 601 Spring Garden St Philadelphia, PA.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    Request Owner's contact information
    601 Spring Garden St Philadelphia, PA 19123
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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
    601 Spring Garden St Philadelphia, PA 19123
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