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Property profile & analytics

212 Race St, Unit 1A Philadelphia, PA 19106-1979

  • Office Properties & Spaces
  • 2,600 SF
  • 0.06 lot acres
OFF-MARKET
Last Sale
Jul 27, 2021
$715,000
Value Estimations
$710,000
Show details
Cap Rate Potential
5.2%
Office Properties & Spaces
Location Intelligence
Property ID
US73-2659024
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Dr. Beatriz Mirabal Garces / Dental Office
  • Garces Laboratories / Laboratory
  • Race Street Dental Care / Dental Office
  • Giantsky Marketing / Marketing & Advertising / (Bike/Boat/Book/etc) Store
  • Stein Architecture Planning / Architect

Property Details for 212 Race St

Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.06 lot acres
Property size
2,600 SF
Zone code
CMX3
Property type
Office Properties & Spaces
APN
88-8-0405-01
APU
888040501

Description

This exceptional 1,820-square-foot commercial condominium is ideally situated at 212 Race Street, Unit 1C, in Philadelphia's vibrant Old City neighborhood. Built in 1900, this ground-floor space presents a unique opportunity for owner-occupants seeking a storefront retail location, office space, or a live/work arrangement. The asking price is $595,000, translating to $326.92 per square foot. The property is zoned CMX3, offering flexibility for a variety of commercial uses. Its prime location directly across from Tuna Bar and Bridge on Race Street ensures high visibility and foot traffic. The single-unit building provides a convenient and manageable space for a business owner. This is a rare chance to acquire a well-positioned commercial property in one of Philadelphia's most desirable and historic districts. The property's age and location contribute to its unique character and appeal, making it an attractive investment for those seeking a blend of historical charm and modern commercial viability within a bustling urban setting. This offering presents a compelling opportunity to establish a thriving business in a highly sought-after area of Philadelphia. The address is 212 Race Street, Philadelphia, PA 19106.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $700,000
    ML approach
    $705,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $610,000
    6.5%
    $560,000
    7%
    $520,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $555,000
    Market price range: $171k - $609k
  • Alternative Use

    Use
    Estimation
    OFFICE BUILDING
    $730,000
    Current use
    COMMERCIAL (GENERAL)
    $645,000
    Change: -12% Conversion: Easy
    MEDICAL BUILDING
    $640,000
    Change: -13% Conversion: Easy

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Philadelphia
County
Philadelphia
State
Pennsylvania
Longitude
-75.1435
Latitude
39.9536
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$11,098
$126,774
$666,026
$792,800
-
$126,774
$666,026
$792,800
More about this property
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