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2001 Market St Philadelphia, PA 19103

Investment properties Google Maps
1,152,480 SF 1.48 ac lot Built 1991
Entity Owned 13-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$31.18M
Range $28.06M – $34.29M (±10%)
Property ID US73-0714436

Property summary

AI-generated overview

This exceptional Class A office space, located at 2001 Market Street in Philadelphia, Pennsylvania, offers a diverse range of options for businesses of all sizes. The building, Spaces Commerce Square, boasts a total of 10,435 square feet and comprises 350 individual suites, providing flexibility for various tenancy needs. Currently, 5,970 square feet of space is available, with a minimum divisible unit of 10 square feet and a maximum contiguous space of 1,300 square feet. The property caters to a variety of office styles, including traditional office spaces, executive suites, and coworking arrangements. Situated in the heart of downtown Philadelphia, in Philadelphia County, zip code 19103, this location offers unparalleled access to the city's vibrant business community and its extensive network of established companies and burgeoning startups. The building's prime location provides easy access to major transportation arteries, ensuring seamless commutes for employees and clients alike. This is an exceptional opportunity to establish a presence in one of Philadelphia's most sought-after commercial districts. The building's A-class designation reflects its high-quality construction, modern amenities, and sophisticated design. Contact us today to explore the available options and secure your ideal workspace in this dynamic and thriving city.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1991
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,152,480 SF
Lot 1.48 ac (64,425 SF)
Zoning code CMX5
APN 88-3-0543-61
UPID US73-0714436

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Law Firm
  • Law Firm
  • Law Firm
  • Law Firm

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$31.18M

Owner & transaction history

since 2013
3 recorded transactions
2013
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CMX5 · Philadelphia, PA
Zoning description

CMX-5 Center City Core Commercial Mixed-Use C-5 CA-1 Auto-Oriented Commercial-1 C-7 NSC CA-2 Auto-Oriented Commercial-2 ASC Eliminated >> C-6 (.2) Map Symbols. (.a) The alphanumeric map symbols are intended to provide a…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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