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    701 Market St Philadelphia, PA 19106

    For Lease
    $24 SF/Yr

    17,486 SF Executive Suite Available

    Lot size:
    17,486 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 17,486-square-foot executive office space is ideally situated at 701 Market Street in Philadelphia, Pennsylvania, zip code 19106. Located in Philadelphia County, this single-tenant property offers a complete and immediately available office solution. The entire building, totaling 17,486 square feet, is currently vacant and ready for immediate occupancy. This presents a unique opportunity for a business seeking a substantial, self-contained office environment in a prime Philadelphia location. The property's classification as an "Executive Office" suggests a high level of finish and amenities, making it suitable for a discerning tenant. The address, 701 Market Street, places the property within easy reach of major transportation arteries, likely offering convenient access for employees and clients. The property's size and single-tenant occupancy provide significant flexibility for a company seeking to establish a substantial presence in the city. This is a rare opportunity to secure a large, high-quality office space in a desirable Philadelphia location. The property is ready for immediate lease, offering a blank canvas for a company to design and implement its ideal workspace. Interested parties are encouraged to inquire for further details and to schedule a viewing. The property's location in Philadelphia County, Pennsylvania, provides access to a robust business infrastructure and a diverse workforce.

    Property Features for 701 Market St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    17,486 SF
    Total Rate
    34972

    Unit(s) available at that property

    Space
    3rd Floor
    Size
    17,486 SF
    Rate per SF
    $24

    HighLights

    • 17,486 SF executive office space at 701 Market Street, Philadelphia, PA 19106.
    • Fully vacant and ready for immediate occupancy.
    • Features full‑height glass walls in perimeter offices, a large training room, conference rooms, and a break area.
    • Offers direct concourse access to Market East Station.
    • Available for an 8+ year lease (lease expiration date: 12/31/30).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Trevor Pinto Financial Planner Ross Dress for Less Women'S Clothing Store West Chester University ... Public University Brickstone Realty Real Estate Developer Restrooms Public Bathroom

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1526227
    Latitude
    39.9512937

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    FAQs

    What type of property is this?
    Office Property / Space - 17,486 SF Executive Suite Available
    Where is this office property / space located?
    The property is located at 701 Market St Philadelphia, PA.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: 17,486 SF executive office space at 701 Market Street, Philadelphia, PA 19106.; Fully vacant and ready for immediate occupancy.; Features full-height glass walls in perimeter offices, a large training room, conference rooms, and a break area.
    Request Owner's contact information
    701 Market St Philadelphia, PA 19106
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    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
    701 Market St Philadelphia, PA 19106
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