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    1420 Walnut St Philadelphia, PA 19102

    For Lease
    $26 SF/Yr

    Philadelphia Office Space: 700-3159 SF Available

    Lot size:
    22,384 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    1420 Walnut Street offers exceptional executive office space in Philadelphia's vibrant Center City, adjacent to the Avenue of the Arts. This 15-story building boasts a total of 22,384 square feet currently available for lease, divisible into units ranging from 700 to 3,159 contiguous square feet. The building features 24/7 access, seven days a week, providing ultimate flexibility for your business operations. Security personnel and an on-site engineer ensure a safe and well-maintained environment. Recent capital improvements have significantly enhanced the building's lobby and first-floor hallway, creating a modern and welcoming atmosphere. The property's central location places it within walking distance of City Hall and the court system, offering unparalleled convenience. Furthermore, its proximity to numerous high-quality restaurants and shops within two blocks provides employees with a wealth of dining and retail options. This is a unique opportunity to secure prestigious office space in one of Philadelphia's most desirable locations. The building's multiple tenancy structure allows for flexibility in lease terms and space requirements. The entire 22,384 square feet is currently vacant, presenting a rare chance to occupy a significant portion of this well-maintained and centrally located building in Philadelphia County, PA, zip code 19102.

    Property Features for 1420 Walnut St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    22,384 SF
    Total Rate
    48498.67

    Unit(s) available at that property

    Space
    3rd Floor
    Size
    2,490 SF
    Space
    6 Floor
    Size
    700 SF
    Rate per SF
    $26
    Space
    6 Floor
    Size
    1,134 SF
    Rate per SF
    $26
    Space
    7th Floor
    Size
    1,433 SF
    Rate per SF
    $26
    Space
    8th Floor
    Size
    636 SF
    Rate per SF
    $26
    Space
    8yh Floor
    Size
    1,348 SF
    Rate per SF
    $26
    Space
    9th Floor
    Size
    2,328 SF
    Rate per SF
    $26
    Space
    10th Floor
    Size
    800 SF
    Rate per SF
    $26
    Space
    11th Floor
    Size
    800 SF
    Rate per SF
    $26
    Space
    11th Floor
    Size
    1,831 SF
    Rate per SF
    $26
    Space
    11Th Floor
    Size
    3,159 SF
    Rate per SF
    $26
    Space
    12th Floor
    Size
    756 SF
    Rate per SF
    $26
    Space
    12th Floor
    Size
    1,500 SF
    Rate per SF
    $26
    Space
    14th Floor
    Size
    1,500 SF
    Rate per SF
    $26
    Space
    14th Floor
    Size
    1,969 SF
    Rate per SF
    $26

    HighLights

    • 1420 Walnut Street offers 22,384 square feet of executive office space for lease in Philadelphia's Center City.
    • Divisible suites range from 700 to 3,159 contiguous square feet.
    • Building features 24/7 access, on‑site security, and an engineer.
    • Recently renovated lobby and first‑floor hallway.
    • Prime location near City Hall, courts, restaurants, and shops.
    • Entire space is currently vacant.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Rothenberg Law Firm ... Personal Injury Attorney Neil Shukovsky, Esq. Personal Injury Attorney J & K Professional ... Employment Agency Stampone Law Legal Services Steven J. Fromm ... Tax Attorney

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Law Firm 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
    -75.1653888
    Latitude
    39.9493182

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    FAQs

    What type of property is this?
    Office Property / Space - Philadelphia Office Space: 700-3159 SF Available
    Where is this office property / space located?
    The property is located at 1420 Walnut St Philadelphia, PA.
    What is the lease rate?
    The lease rate is $0.00-$26 SF/Yr.
    What are key features of this property?
    This property features: 1420 Walnut Street offers 22,384 square feet of executive office space for lease in Philadelphia's Center City.; Divisible suites range from 700 to 3,159 contiguous square feet.; Building features 24/7 access, on-site security, and an engineer.
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    1420 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
    1420 Walnut St Philadelphia, PA 19102
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