2007 Walnut StPhiladelphia, PA 19103

Property Details for 2007 Walnut St

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.10 AC

Property size (Sq ft)

12,194 SF

Zone code

CMX4

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

87-1-2689-50

APU

871268950

Description

This exceptional 17,558 square foot mixed-use property, located at 2007 Walnut Street in Philadelphia, Pennsylvania (zip code 19103), presents a compelling redevelopment or value-add opportunity for discerning investors. Situated in Philadelphia County, this property offers significant potential due to its prime location and existing liquor license. The building's current designation is mixed-use, with the primary subtype being office space. The substantial square footage allows for a wide range of development possibilities, catering to diverse commercial needs. The property's address is 2007 Walnut Street, placing it within easy reach of Philadelphia's vibrant commercial and residential districts. Its geographic coordinates are 39.9508625 latitude and -75.1740205 longitude. The inclusion of a liquor license adds considerable value and opens doors to a variety of potential uses, enhancing the overall return on investment. This is a rare chance to acquire a significant property in a highly desirable location, offering substantial upside potential for the right developer or investor. Serious inquiries are encouraged to explore the full scope of this unique opportunity. The property is currently being offered as a redevelopment opportunity, allowing for significant customization and adaptation to meet specific business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $3,928,282

  6.5%

  $3,626,107

  7%

  $3,367,099

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,593,268

  Geo Method

  $1,593,268

• Alternative Use

  Use

  Valuation

  Residential

  $4,496,372

  Hospitality

  $4,118,653

  Educational

  $3,426,671

  Medical

  $3,544,519

  Retail

  $5,330,377

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9508

Longitude

-75.1741

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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