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    399 Market St Philadelphia, PA 19106

    For Lease
    $1.00 SF/Yr ($10,550 /Mo)

    Historic Old City, prime location, modern amenities.

    Lot size:
    126,607 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional office building at 399 Market Street, situated in Philadelphia's vibrant Old City, offers 126,607 square feet of versatile space. The property boasts a mix of executive, creative, and traditional office layouts, perfect for a variety of businesses. With a maximum contiguous space of 15,676 square feet, it caters to both large and smaller tenants. The building is classified as Class B and was constructed in 1977, but features a newly renovated façade and lobby, showcasing a blend of historical charm and modern upgrades. Tenancy is multiple, allowing for flexibility in lease terms and space configurations. Amenities include 24/7 access, enhanced security, a convenient private parking garage, an elegantly furnished lobby, and a tranquil outdoor private courtyard. Its central Old City location provides unparalleled access to public transportation, scoring a remarkable 97 on the transit score. The building enjoys easy access to SEPTA bus routes, the Market-Frankford Line, I-95, I-676, and the Ben Franklin Bridge, ensuring seamless commutes for employees and clients. This property presents a unique opportunity to establish a presence in a highly desirable and historically significant area of Philadelphia. The building's location on Market Street offers excellent visibility and accessibility.

    Property Features for 399 Market St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    126,607 SF
    Class
    B
    Total Rate
    10550.58

    Building Details

    Year Built
    1977

    Unit(s) available at that property

    Space
    1st Floor
    Size
    11,192 SF
    Rate per SF
    $39
    Space
    1st - Clinic
    Size
    1,630 SF
    Rate per SF
    $1.00
    Space
    4th- 400
    Size
    30,686 SF
    Rate per SF
    $23
    Space
    5th- 500
    Size
    30,686 SF
    Rate per SF
    $1.00
    Space
    3rd - 300
    Size
    5,233 SF
    Rate per SF
    $1.00

    HighLights

    • 126,607 square foot Class B office building in Philadelphia County.
    • Multiple tenancies available, with a maximum contiguous space of 15,676 square feet.
    • Built in 1977, offering executive, creative, and traditional office spaces.
    • Amenities include 24/7 access, security, private parking garage, furnished lobby, and outdoor courtyard.
    • Recently renovated façade and lobby.
    • Excellent location in Old City Philadelphia with high transit score (97), providing easy access to public transportation and major highways.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ninja Goat Nutritionals Food Products Supplier Donatucci Ronald R Attorney Moverbase LLC Software Company J&K FRESH EAST Fruits Wholesaler Clinical Works Consultant

    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
    -75.1468309
    Latitude
    39.9506555

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    FAQs

    What type of property is this?
    Office space - Historic Old City, prime location, modern amenities.
    Where is this office space located?
    The property is located at 399 Market St Philadelphia, PA.
    What is the lease rate?
    The lease rate is $1.00-$39 SF/Yr.
    What are key features of this property?
    This property features: 126,607 square foot Class B office building in Philadelphia County.; Multiple tenancies available, with a maximum contiguous space of 15,676 square feet.; Built in 1977, offering executive, creative, and traditional office spaces.
    Request Owner's contact information
    399 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
    399 Market St Philadelphia, PA 19106
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