5118 Walnut St Philadelphia, PA 19139
- Industrial properties
- 15,010 SF
- 0.16 lot acres
Current Use by Public Records
- Trinity Wedding Center / Wedding Chapel / Banquet Hall
Property Details for 5118 Walnut St
- Year built
- 1960
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.16 lot acres
- Property size
- 15,010 SF
- Zone code
- RSA5
- Property type
- Industrial properties
- APN
- 88-4-3510-70
- APU
- 884351070
Description
This exceptional 3,000 square foot single-tenant space is located at 5118 Walnut Street in Philadelphia, Pennsylvania, zip code 19139. The property boasts a newly renovated ground floor location on a highly visible commercial corridor, offering excellent street frontage and high ceilings. Its versatile design makes it ideal for a variety of uses, including fitness centers, retail businesses, offices, salons, or non-profit organizations. The space is ADA accessible, ensuring compliance with accessibility standards and welcoming a broad range of potential tenants. The property is classified as Retail, Office, and Special Purpose, with sub-types including Traditional Office, Coworking, Creative Office, Event space, and Recording Studio, providing significant flexibility for diverse business needs. The building's prime location in Philadelphia offers unparalleled access to a vibrant and densely populated area, ensuring high foot traffic and visibility for any business. The property is immediately available for occupancy, eliminating any waiting period for potential tenants. This is a unique opportunity to secure a high-quality, versatile space in a desirable Philadelphia location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $925,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $910,000
- 6.5%
- $1,000,000
- 7%
- $960,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $895,000
- Geo Method
- $1,100,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,070,000
- Retail
- $1,190,000
- Mixed-Use
- $1,040,000
- Hospitality
- $1,055,000
- Educational
- $1,180,000
- Residential Income
- $1,055,000
- Energy
- $980,000
- Income-Based Land
- $935,000
- Food Service
- $1,075,000
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.2242
- Latitude
- 39.9566
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
