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Property profile & analytics

399 Market St Philadelphia, PA 19106

  • Investment properties
  • 160,860 SF
  • 0.79 lot acres
For Lease
Last Sale
Jun 07, 2024
$14,000,000
Value Estimations
$14,000,000
Cap Rate Potential
Location Intelligence
Property ID
US73-2888897
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

  • Ninja Goat Nutritionals / Big Box & Wholesale Store / Food Market
  • Donatucci Ronald R / Law Firm
  • Moverbase LLC / (Bike/Boat/Book/etc) Store / Corporate Office
  • J&K FRESH EAST / Grocery & Convenience Store / Food Market
  • Clinical Works / Consultant

Property Details for 399 Market St

Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.79 lot acres
Property size
160,860 SF
Zone code
CMX3
Property type
Investment properties
Property subtype
Retail residential properties
APN
88-3-0140-00
APU
883014000

Description

This exceptional office building at 399 Market Street, situated in Philadelphia's vibrant Old City, offers 126,607 square feet of versatile space. The property boasts a mix of executive, creative, and traditional office layouts, perfect for a variety of businesses. With a maximum contiguous space of 15,676 square feet, it caters to both large and smaller tenants. The building is classified as Class B and was constructed in 1977, but features a newly renovated façade and lobby, showcasing a blend of historical charm and modern upgrades. Tenancy is multiple, allowing for flexibility in lease terms and space configurations. Amenities include 24/7 access, enhanced security, a convenient private parking garage, an elegantly furnished lobby, and a tranquil outdoor private courtyard. Its central Old City location provides unparalleled access to public transportation, scoring a remarkable 97 on the transit score. The building enjoys easy access to SEPTA bus routes, the Market-Frankford Line, I-95, I-676, and the Ben Franklin Bridge, ensuring seamless commutes for employees and clients. This property presents a unique opportunity to establish a presence in a highly desirable and historically significant area of Philadelphia. The building's location on Market Street offers excellent visibility and accessibility.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $14,000,000
    ML approach
    $14,000,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $10,194,000
    Market price range: $7.96M - $21.9M

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


Location Insight

  • Map
  • Local Demand
City
Philadelphia
County
Philadelphia
State
Pennsylvania
Longitude
-75.1468
Latitude
39.9507
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
$316,458
$4,521,480
$18,085,920
$22,607,400
-
$4,521,480
$18,085,920
$22,607,400
More about this property
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