2301 Walnut Street

For Sale

2301 Walnut Street, Philadelphia, PA 19103

This Philadelphia property for sale is located at 2301 Walnut Street. Contact the listing broker for details on the current sale price for 2301 Walnut Street. 2301 Walnut Street is situated on a lot that is 20,245 acre in size.

Contacts

broker
Phil Sharrow

SCOPE Commercial Real Estate Services

Property Details

  • Property Type Retail - Street Retail
  • Property Size 20,908 SF
  • Lot Size 20,245 Acre
  • Date Updated Jun 4, 2025
The property is ideally located in the vibrant Rittenhouse Square neighborhood, just a short distance from the prestigious University of Pennsylvania, the bustling 30th Street Station, the picturesque Schuylkill River Trail, and the thriving businesses along Market Street. This exceptional proximity offers an enticing opportunity for retail investors seeking to capitalize on the dynamic energy of Philadelphia's retail market. The area's accessibility to these renowned landmarks and bustling business districts further enhances the appeal of the property for prospective investors.SCOPE is pleased to present the exclusive purchase opportunity of 2301 Walnut Street after 30 years of ownership. Positioned between Philadelphia's most desirable neighborhood, Rittenhouse Square, and its largest institution, the University of Pennsylvania, 2301 Walnut sets the stage for a trophy high-rise development. Occupying an entire city block, the site is one of the few remaining large-scale parcels available for transformative redevelopment in Center City. The location is in the crosshairs of all Philadelphia has to offer, including the largest Eds and Meds institutions to the West, the largest private and public employers to the North, the heart of retail and hospitality to the East, and innovation to the South. The site’s CMX-4 zoning with bonuses equates to 1,200% FAR that offers developers the by-right ability to construct a wide range of mixed-use concepts—including luxury residential for rent or sale, life science/lab space, flagship retail, trophy office or hospitality. With zoning bonuses, the site supports over 240,000 square feet, excluding parking and core structure elements. The Southern elevation is positioned on Walnut Street, the city's most coveted retail corridor, boasting 100' of frontage with 23rd Street at 200'. Positioned at the heart of Greater Center City, which holds over 42% of the city’s jobs and leads the region in residential and commercial growth, the property is surrounded by an affluent, educated, and growing population. Within a half-mile radius, average household income exceeds $145,000, and over 75% of residents hold a bachelor’s degree or higher, underscoring strong demand for high-end residential and lifestyle amenities. The surrounding market supports premium rents averaging $4.50/SF, with top-tier luxury buildings in Rittenhouse achieving rents over $5.00/SF.
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Highlights

  • Affluent, Growing Market | $145k+ avg. household income within 0.5 miles with steady population growth and strong rental rates averaging $4.50+ RSF
  • Full City Block | Unencumbered by neighbors and high-rise obstructions
  • High-Density Zoning | CMX-4 zoning allowing for over 240,000 SF by-right
  • Premier Location | Situated between University of Pennsylvania and Rittenhouse Square
  • Unmatched Institutional Access | Walking distance to UPenn, Penn Medicine, Drexel University, Market St, 30th St Station

Getting around

  • 99/100

    Walk Score ®

  • 100/100

    Transit Score ®

  • 97/100

    Bike Score ®

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Location

  • City Philadelphia, PA
  • Neighborhood Center City West
  • Zip Code 19103
  • Market Philadelphia

Points of Interest

  • Taxi Stand

    0.31 miles

  • 30th Street

    0.42 miles

  • 33rd Street

    0.61 miles

  • 15th-16th & Locust

    0.65 miles

  • Penn Medicine

    0.67 miles

  • 15th Street

    0.72 miles

  • 34th St

    0.75 miles

  • Broad Street Line Entrance

    0.79 miles

  • 36th Street Portal

    0.86 miles

  • 36th St

    0.87 miles

  • Sunoco

    0.07 miles

  • Gulf

    0.90 miles

  • Shell

    1.16 miles

  • Exxon

    1.33 miles

  • Lukoil

    1.34 miles

  • Getty Gas

    1.37 miles

  • Blink

    2.45 miles

  • EVgo

    2.49 miles

  • J&H Car Charging Station

    2.54 miles

  • ChargePoint

    3.11 miles

  • Stop & Go Parking

    0.19 miles

  • Trader Joe's Parking Lot

    0.25 miles

  • Cira Centre South Garage

    0.26 miles

  • Boyds Parking

    0.39 miles

  • 1818 Market Street Garage

    0.40 miles

  • Kennedy House Garage

    0.41 miles

  • Sonesta Hotel Garage

    0.44 miles

  • Park America

    0.46 miles

  • ASTM Lot

    0.46 miles

  • Penn Medicine at Rittenhouse Lot 1

    0.48 miles

  • Sotto

    0.04 miles

  • Tsuki Sushi

    0.09 miles

  • Ambrosia

    0.13 miles

  • El Merkury

    0.16 miles

  • Tampopo

    0.16 miles

  • Rione

    0.16 miles

  • Maple Japanese Ramen

    0.16 miles

  • Sally

    0.20 miles

  • Trattoria Carina

    0.21 miles

  • Vernick Food & Drink

    0.21 miles

  • Trader Joe's

    0.21 miles

  • Giant

    0.34 miles

  • Target

    0.34 miles

  • Boyds

    0.39 miles

  • South Square Market

    0.42 miles

  • Rittenhouse Market

    0.48 miles

  • Bloomingdale's

    0.54 miles

  • The Shops at Liberty Place

    0.57 miles

  • Whole Foods Market

    0.82 miles

  • Macy's

    0.88 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Phil Sharrow

SCOPE Commercial Real Estate Services

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