919 Walnut St - Medical FOR SALE


Philadelphia, PA 19107- Center City East
$13,500,000 USD
908-938-7638
919 Walnut St, Philadelphia, PA for Sale
$13,500,000 USD
Medical - FOR SALE
1/9
null | Request Cap Rate

919 Walnut St
Philadelphia, PA 19107
Center City East


HIGHLIGHTS

  • Situated in the heart of Philadelphia’s Washington Square West neighborhood; steps from Jefferson Health, Pennsylvania Hospital, and Independence Hall
  • Flexible CMX-5 zoning
  • Excellent access to SEPTA’s Jefferson Station, multiple bus and subway lines, and major thoroughfares including Market, Broad, and I-676
  • Surrounded by major hospitals, universities, and employers supporting steady demand for medical office, academic, and multifamily uses
  • Opportunity for value-add investors, institutional owners, or developers seeking a prominent downtown asset with flexible repositioning potential

OVERVIEW

919–921 Walnut Street offers a rare chance to acquire a substantial commercial property in the heart of Philadelphia’s Center City district. Spanning ±135,825 square feet on 0.32 acres, the property is positioned mid-block along Walnut Street between 9th and 10th Streets within the Market East submarket. Zoned CMX-5, the city’s most flexible commercial classification, the site supports a broad range of potential uses, including residential, office, hospitality, retail, or institutional redevelopment. Its current “University” designation reflects a history of institutional occupancy, providing a strong foundation for repositioning. With growing demand driven by Philadelphia’s healthcare, education, and mixed-use sectors, 919-921 Walnut Street presents a compelling opportunity for investors and developers to reimagine a landmark property in the city’s thriving urban core.

FOR SALE DETAILS

PRICE

$13,500,000 USD

PRICE/SF

$123 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

The Neville Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

10

BUILDING CLASS

C

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

14,030 SF

ZONING

CMX-5

APN/PARCEL ID

771695000

ASK ABOUT THIS PROPERTY

Tommy ChoiGreenwood Commercial Real EstateMore Info
908-938-7638

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Tommy ChoiGreenwood Commercial Real EstateMore Info
908-938-7638

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.