2042 Rittenhouse Sq | Philadelphia, PA 19103
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2042 Rittenhouse Sq
Philadelphia, PA 19103
Office Property For Sale
Executive Summary
Rare opportunity to own a special property on a most desirable tree-lined block. 2042 Rittenhouse is currently set up as a 3-unit building with first floor commercial office space and two residential apartments on floors 2 and 3. Its flexible CMX-1 zoning offers several potential uses--The property could become (1) a single-family townhome, with superb character and light; (2) a residential multi-unit with an owner’s residence and one or two income-generating spaces; (3) a fabulous triplex for investors; (4) perfect for multi-generational living; or (5) the perfect live-work space with office space and residential above (with separate entrances for the residential and commercial). This property has by-right roof deck potential either as a south-facing 3rd-floor walk-out or via a 4th-floor pilot house. Opportunity to expand the 3rd floor interior square footage as well. 2042 Rittenhouse has spectacular bones and a deep lot but does need renovation/updating. On one of Center City’s most charming blocks. Convenient to everything. GARAGE PARKING available within one block. NOTE—At buyer’s option, Commercial Broker has qualified tenant lined up for the 1st floor commercial space. Willing to sign LOI or lease contingent upon acquisition. Contact Listing broker for details and terms.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
3,213 SF
Building Class
C
Year Built
1800
Price
£768,007
Price Per SF
£239
Percent Leased
18%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
1,070 SF
Building FAR
2.68
Lot Size
0.03 AC
Zoning
CMX1 - This zoning is designed to support low-impact, small-scale, neighborhood-serving retail and service uses
PROPERTY TAXES
| Parcel Number | 871500280 | Improvements Assessment | £580,755 |
| Land Assessment | £145,189 | Total Assessment | £725,944 |
PROPERTY TAXES
Parcel Number
871500280
Land Assessment
£145,189
Improvements Assessment
£580,755
Total Assessment
£725,944
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