Active

1507-1511 Locust St

Philadelphia PA, 19102

$10,000,000


$583.33 per sqft

Active

17,143 sqft

Commercial

Built in 1984

On behalf of the ownership, Hunters Commercial is pleased to present an exclusive opportunity to acquire the properties at 1507 Locust St. and 223 S. Sydenham St. These two addresses have been consolidated into a single, contiguous lot.

Situated in the heart of Rittenhouse Square, one of Philadelphia's most prestigious neighborhoods, this prime location offers proximity to Rittenhouse Park, Broad Street, and Suburban Station, which services 13 regional rail lines facilitating daily commuter traffic. Additionally, the property provides convenient access to major thoroughfares such as I-76, I-676, and I-95, making it well connected to the broader region.

The surrounding area is characterized by a dense mix of residential, commercial, and retail establishments, creating a vibrant environment with ample foot traffic and a built-in customer base.

The property currently houses the well-known Misconduct Bar and Vesper Nightclubs, and the combined lot, totaling 8,283 square feet, is zoned CMX-5. This zoning designation allows for high-density residential and commercial development, making the location suitable for future projects with excellent growth potential.

This offering is ideal for a passive investor looking to collect rental income or an owner-user looking to establish their own business in a prime location. Given the density of the surrounding area and the favorable zoning, the site also presents an attractive opportunity for future development.

This is a rare chance to acquire a Grade A asset in one of Philadelphia's most sought-after locations. For more details or to schedule a viewing, please contact Hunters Commercial.

PAPH2398450

MLS ID

October 14, 2024

Listed

October 14, 2024

Updated

Map

1507-1511 Locust St
Philadelphia PA, 19102

Interior Features

Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Forced Air, Natural Gas

Exterior/Building Features

Lot Size

0.19 Acres


Sewer

Public Sewer

Other Property Details

Area Name

PHILADELPHIA


Taxes

$18,918


Tax Frequency

Annually


Days on Market

1


Garage

No


Parking

On Street


View

No


County

PHILADELPHIA


Water Source

Public


Pool

No

Listed by KW Empower
Listing Contact: 2674417682 

The IDX display contains information sourced from the Bright MLS, Inc. as of 10/14/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 10/14/2024 at 8:48 PM UTC

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