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1700 Race St, Philadelphia, PA, 19103
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for sale
$12,500,000
Square Feet:
72279
Lot Size:
0.14 Acres
Year Built:
1890
Status:
Active
MLS #:
PAPH2073778
Date Updated:
5/24/2022
For information contact:
MGC Real Estate Group
215-928-0221
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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.
Interior Details
Building Total SQFT
: 16400.00
Exterior Details
Lot Features
: Corner
Lot Size Acres
: 0.14
Lot Size Dimensions
: 77.00 x 90.00
Lot SQFT
: 6006.00
Community Information
County
: PHILADELPHIA
Cross Street
: 17TH ST
Municipality
: PHILADELPHIA
Subdivision Name
: CENTER CITY
Zoning
: CMX4
Property Information From MLS Data
Accessibility Features
: None
Business Type
: Apartment Building
DOM
: 85
MLS Area
: 19103 (19103)
New Construction YN
: N
Property Sub Type
: Land for Commercial Use
Building Level Count
: 4
Year Built
: 1890
Utilities
Cooling Type
: Central A/C
Heating Type
: Central
Sewer Septic
: Public Sewer
Water Source
: Public
Listing Information Courtesy of:
List Agent Full Name
: Ryan J McManus
List Office Name
: Compass Pennsylvania, LLC
List Office Phone
: 2674358015
Walk Score® for 1700 Race St
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Monthly Payment for 1700 Race St
This is an
estimated
monthly mortgage payment. Your actual financing will vary depending on your lender, local taxes, credit score and other factors.
Price:
$12,500,000
Down Payment:
Loan Amount:
$10,000,000
Loan Type:
30 year fixed at
%
Principal & Interest:
Property Taxes:
(
1.5
%)
Homeowner's Insurance:
Total Payment:
Listing courtesy of Ryan J McManus, Compass Pennsylvania, LLC
Information obtained from Bright MLS is current as of 5/25/2022 12:46 AM.
Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Status Explained
Multiple Listing Services use a variety of statuses with their listings, and sometimes a combination of statuses. Below is a list of common terms you may see.
Status
Meaning
Active
Available for purchase
Active with Contract
Backup
Contingent
Cont
Continue to Show
Pending
Under Deposit
Under Contract
Available but the listing has an offer on it and is being displayed to solicit backup offers. You may be able to make an offer but you will be competing with another buyer.
Contact an agent to discuss making an offer.
Back On Market
Available. The listing was previously unavailable
Cancelled
Closed
Sold
Expired
Off Market
Withdrawn
No longer available.
New
Available, recently listed
Price Raised
Reduced
Changed
Available and has recently had a price change
Short
Short Sale
Available but requires a bank approval for any offer
Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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MGC Real Estate Group
20 N 3rd Street, Unit 302
Philadelphia, PA 19106
215-928-0221
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