Philadelphia, PA 19102,1507-1511 LOCUST ST
Philadelphia, PA 19102,1507-1511 LOCUST ST
Philadelphia, PA 19102,1507-1511 LOCUST ST
Philadelphia, PA 19102,1507-1511 LOCUST ST
Philadelphia, PA 19102,1507-1511 LOCUST ST
Philadelphia, PA 19102,1507-1511 LOCUST ST
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Jean & Christine Andrews/Joyce

Jean & Christine Andrews/Joyce

+1(410) 507-9968
$ 10,000,000
Est. payment | /mo

17,143 SqFt


Save
$ 10,000,000
Est. payment | /mo
Save

17,143 SqFt

Key Details

Property Type Commercial

Sub Type Land for Commercial Use

Listing Status Active

Purchase Type For Sale

Square Footage 17,143 sqft

Price per Sqft $583

MLS Listing ID PAPH2398450

Originating Board BRIGHT

Year Built 1984

Annual Tax Amount $18,918

Tax Year 2006

Lot Size 8,283 Sqft

Acres 0.19

Property Description

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.

Location

State PA

County Philadelphia

Area 19102 (19102)

Zoning C5

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Heat Source Natural Gas

Exterior

Waterfront N

Water Access N

Accessibility None

Parking Type On Street

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 23-2901439

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Bright MLS (BMLS)
Listed by Michael John Patterson • KW Empower

GET MORE INFORMATION

Jean & Christine Andrews/Joyce

CRS, DRI, Notary | Assistant Broker | Lic# J: LIC#99697 | C: LIC#602439

+1(410) 507-9968

541 B Baltimore Annapolis Blvd, Park, MD

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1507-1511 LOCUST ST