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Property profile & analytics
FOR LEASE
Investment properties

701 Market St Philadelphia, PA 19106

845,230 SF 3.2 ac lot Built 1893
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US73-2637161
Property summary
AI-generated overview

This exceptional 17,486-square-foot executive office space is ideally situated at 701 Market Street in Philadelphia, Pennsylvania, zip code 19106. Located in Philadelphia County, this single-tenant property offers a complete and immediately available office solution. The entire building, totaling 17,486 square feet, is currently vacant and ready for immediate occupancy. This presents a unique opportunity for a business seeking a substantial, self-contained office environment in a prime Philadelphia location. The property's classification as an "Executive Office" suggests a high level of finish and amenities, making it suitable for a discerning tenant. The address, 701 Market Street, places the property within easy reach of major transportation arteries, likely offering convenient access for employees and clients. The property's size and single-tenant occupancy provide significant flexibility for a company seeking to establish a substantial presence in the city. This is a rare opportunity to secure a large, high-quality office space in a desirable Philadelphia location. The property is ready for immediate lease, offering a blank canvas for a company to design and implement its ideal workspace. Interested parties are encouraged to inquire for further details and to schedule a viewing. The property's location in Philadelphia County, Pennsylvania, provides access to a robust business infrastructure and a diverse workforce.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1893
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 845,230 SF
Lot 3.2 ac (139,392 SF)
Zoning code CMX5
APN 88-3-2495-00
UPID US73-2637161
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Trevor Pinto Financial Advisor
  • Ross Dress for Less Clothing & Fashion Store
  • West Chester University in Philadelphia Public University
  • Brickstone Realty Construction Company General Contractor
  • Restrooms Public Bathroom
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$28.51M
Owner & transaction history
Independence Center Realty LP · 8 yrs held
Independence Center Realty LP
since 2018
3 recorded transactions
2018
Price N/A
2017
Price N/A
1969
Price N/A
Zoning & alternative use
CMX5 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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