1700 Race Street, Philadelphia, Pennsylvania 19103
Listing IDPAPH2073778
Price$12,500,000
StatusACTIVE
SqFt
16,400
Acres
0.140
CountyPhiladelphia
Year Built1890
Property TypeCommercial Sale
Property Sub TypeLand for Commercial Use
1700 RACE: Multi-tenanted boutique office building also for sale as a 56-unit high-rise development site. Situated at the intersection of commerce, connectivity and culture, 1700 RACE is one of the most desirable properties available for sale in Philadelphia, Pennsylvania. The property is sited in the middle of the Center City District and it overlooks the Benjamin Franklin Parkway, likened to the Champs-Elysees in Paris France - lined with art galleries, museums and gardens. The Comcast-NBC Universal world headquarters and top-rated Four Seasons are just across the street, as are many of the most prestigious companies and restaurants on the East Coast. From 1700 RACE it's less than 2 hours to New York and Washington, DC by Amtrak. This is the ideal opportunity to plant a flag for a company headquarters or develop luxury apartments, condos or mixed-use. The life sciences community is booming in Philadelphia as well, and this site could accommodate up to 90,000 SF of by-right building footprint. Enquire within for financials and plans.
County
Philadelphia
Price/SqFt
762.2
Property Sub Type
Land for Commercial Use
Property Type
Commercial Sale
Subdivision
CENTER CITY
Year Built
1890
Zoning
CMX4
Building Total SqFt Source
Assessor
Central Air
yes
Cooling Type
Central A/C
Heating
yes
Heating Type
Central
Car Parking Spaces
28
Construction Materials
Masonry
Cooling Fuel
Natural Gas
Heating Fuel
Natural Gas
Hot Water
Natural Gas
Lot Dimensions Source
Assessor
Lot Features
Corner
Lot Size Dimensions
77.00 x 90.00
Lot Size Source
Assessor
Lot Size Units
Square Feet
New Construction
no
Sewer Septic
Public Sewer
Tidal Water
no
Total Garage and Parking Spaces
28
Type of Parking
Private Garage
Water Access
no
Water Oriented
no
Water Source
Public
Water View
no
Country
US
Location Type
Downtown
MLS Area
19103 (19103)
Municipality
PHILADELPHIA
Views
City
Waterfront
no
Accessibility Features
None
Business Type
Apartment Building
Days on Market
87
Historic
no
Land Use Code
DD0
Potential Tenancy
Multiple
Year Assessed
2022
Year Built Source
Assessor
Automatically Update Tax Values
yes
Net SqFt
72279
Ownership Interest
Fee Simple
Possession
Settlement
Riparian Rights
no
Sale Type
Standard
Tax Annual Amount
46026
Tax Assessed Value
3288100
Tax Data Updated
no
Tax Lot
215
Tax Opportunity Zone
N
Tax Year
2022
Vacation Rental
no
Contact - Listing ID PAPH2073778
Brett Furman
528 East Lancaster Avenue
St. Davids, PA 19087
Phone: 610-687-6060
Phone Alt: 610-687-6060
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