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    401 Market St Philadelphia, PA 19106

    Sponsored
    For Lease
    Contact for pricing

    8 Suites, 352,464 SF Available

    Lot size:
    352,464 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    401 Market Street in Philadelphia, Pennsylvania, presents a unique opportunity for businesses seeking executive office space. This prestigious property, totaling 352,464 square feet, offers a total of eight individual suites, each with a minimum divisible space of 44,058 square feet. Currently, the entire building is vacant, providing a rare chance to occupy the entire space or lease individual suites. The building's design is specifically tailored to meet the demands of modern workplace preferences, making it an ideal location for companies seeking a cutting-edge and efficient office environment. Located at 401 Market Street, Philadelphia, PA 19106, this property is situated in Philadelphia County and offers a highly desirable address within the city. The building's size allows for flexibility in tenant needs, with a maximum contiguous space of 44,058 square feet. This property is classified as an executive office building, suggesting high-quality finishes and amenities. The address is conveniently located at 39.9506479 latitude and -75.1480864 longitude. This presents a significant opportunity for a single large tenant or multiple smaller tenants seeking a prominent location in Philadelphia. The entire 352,464 square feet is available for lease. This is a truly exceptional opportunity to secure a landmark office building in a thriving urban center.

    Property Features for 401 Market St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    352,464 SF

    Unit(s) available at that property

    Space
    2nd Floor
    Size
    44,058 SF
    Space
    3rd Floor
    Size
    44,058 SF
    Space
    4th Floor
    Size
    44,058 SF
    Space
    5th Floor
    Size
    44,058 SF
    Space
    6th Floor
    Size
    44,058 SF
    Space
    7th Floor
    Size
    44,058 SF
    Space
    10th Floor
    Size
    44,058 SF
    Space
    11th Floor
    Size
    44,058 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Philadelphia LED & Digital ... Sign Shop Museum of Illusions Philadelphia Museum

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon 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
    -75.1480864
    Latitude
    39.9506479

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    FAQs

    What type of property is this?
    Office Property / Space - 8 Suites, 352,464 SF Available
    Where is this office property / space located?
    The property is located at 401 Market St Philadelphia, PA.
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    401 Market St Philadelphia, PA 19106
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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
    401 Market St Philadelphia, PA 19106
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