1326 Walnut StPhiladelphia, PA 19107

Property Details for 1326 Walnut St

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.03 AC

Property size (Sq ft)

5,301 SF

Zone code

CMX5

Property type

Retail properties

Property subtype

Retail space

APN

88-2-6306-00

APU

882630600

Description

This exceptional Class A, 4,950 square foot executive office building at 1326 Walnut Street in Philadelphia, Pennsylvania, presents a compelling investment opportunity. Located in Midtown Village's vibrant commercial and cultural heart, this property boasts a CMX-5 zoning designation, allowing for either commercial mixed-use development or a complete conversion to multifamily units. The building is currently configured as retail space but offers significant potential for redevelopment. Its prime location, just one block from Broad Street, ensures excellent accessibility via multiple bus routes and the Broad Street Line subway. The building itself is in excellent condition

• CAP approach

  CAP return

  Valuation

  6%

  $2,510,335

  6.5%

  $2,317,232

  7%

  $2,151,716

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,745,424

  Geo Method

  $1,745,424

• Alternative Use

  Use

  Valuation

  Residential

  $1,954,672

  Hospitality

  $1,790,469

  Educational

  $1,489,649

  Medical

  $1,540,880

  Retail

  $2,317,232

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.949

Longitude

-75.1633

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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