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$7,500
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Property Description
Rare opportunity for retail space one block from Rittenhouse Square. - 5,400 +/- SF 1st floor @ $35 PSF + NNN - 6,000 +/- SF lower level @ $15 PSF + NNN » 12' ceiling heights, multiple configurations possible with double height ceilings. » Multiple elevators can facilitate a possible roof deck » Rear loading and trash » Frontage: 58' on Locust Street » 5 additional floors available above under new ownership » Zoning: CMX-3 » In the heart of Rittenhouse, densely surrounded by affluent office and residential consumers. » Transportation: close to Septa Broad Street Line, PATCO, Suburban Station.
Full Property Details
Full Property Details for 1624 Locust St
General
- Price: $7,500
- Status: Active
- Type: Commercial Lease
- Source: BrightMLSPhilly
- MLS ID: PAPH2569728
- Updated: 12/29/2025
- Added to Site: 21 day(s) ago
Business
- Business Type: Other/General Retail
Rental Information
- Lease/Rent Term: Negotiable
Parking
- Parking Type: None
Location
- Area: 19103 (19103)
- Municipality: PHILADELPHIA
- County: PHILADELPHIA
- Subdivision: RITTENHOUSE SQUARE
- Building Name: NONE AVAILABLE
- Driving Directions: 16th & Locust
- Location Details: Downtown
Heating & Cooling
- Cooling Type: Other
- Heating Type: Other
- Heating Fuel: Other
- Water Heater: Other
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Masonry
- # Loading Docks: 1
- Aprox. Leasable: 6,000 Sq. Ft.
- Current Bldg. Use: Retail
- Year Built: 1940
- Year Built Source: Assessor
Lot Features
- Zoning: CMX3
Financial Considerations
- Price Per Sq. Ft.: $1.25
- School Tax: $58,710
- City/TownTax: $46,128
- City/TownTax Freq: Annually
Disclosures and Reports
- Ownership: Other
Listed by Mallin Panchelli Nadel Realty Inc, Veronica Gintel Blum
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Schools
Schools serving 1624 Locust St
School District:Philadelphia City School District
| Name | Grades | Distance |
|---|---|---|
Greenfield Albert M School 2200 Chestnut Street, Philadelphia, PA 19103 | K-8 | 0.5 mi |
Franklin Benjamin High School 550 North Broad Street, Philadelphia, PA 19130 | 12-11 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1624 Locust St
Date
Details
Price
Change
Source
12/29/2025
Listed
$7,500
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1624 Locust St
1624 Locust Street, Philadelphia, PA 19103 (MLS# PAPH2569728) is a Commercial Lease property. 1624 Locust Street is currently listed for $7,500 and was received on December 29, 2025. Want to learn more about 1624 Locust Street? Do you have questions about finding other Commercial Lease real estate for sale in Center City East? You can browse all Center City East real estate or contact a Coldwell Banker agent to request more information.

