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    1516 N 5Th St Philadelphia, PA 19122

    For Lease
    $20 SF/Yr

    CommercialLease - PHILADELPHIA, PA

    Type:Office
    Lot size:
    1.40 Acres
    Days on Market:
    173
    Last Refresh:
    Dec 7 at 11:06 am

    Property Features for 1516 N 5Th St

    General Information

    Property type
    Other
    Property subtype
    Office
    Standard status
    Active
    Parking
    100
    Parking features
    Parking Lot
    Lot size
    1.40 Acres

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Heat Pump

    Building Details

    Year built
    1950
    Building materials
    Masonry

    Quality Real Estate, Inc. (215) 457-2600 [email protected]

    Listing agent Tobias Lee Biddle (215) 457-2600

    Listing date Jun 18, 2025

    Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Warehouse Creative Workspace

    This historic warehouse, dating back to the early 1900s, has been renovated into modern business and retail spaces. Located in Philadelphia, PA, Billy Penn Studios offers flexible commercial suites suitable for office, e-commerce, photography, production, wellness, and other uses. The property provides over 180,000 square feet of reimagined space, retaining original character while incorporating modern infrastructure. Originally constructed in Olde Kensington as a lumber facility, the building later housed the Billy Penn Corporation, an aluminum products facility. The property features a lobby with original old growth yellow pine beams and a three-story atrium. Business spaces range from 450 to 10,000 square feet. Amenities include off-street parking, a passenger elevator, a freight elevator, loading docks, conference rooms and lounges, plumbing and kitchen options, and high tension 3-phase power, with 1, 2, and 3 Phase Electric (208 / 120). Co-working spaces are also available. Custom office fit-outs are offered, and flexible lease terms are available within a diverse community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    WeBuyHouses.com Philadelphia Real Estate Consultant Perla Cafe Mediterranean Restaurant Nosey Palate Wine Club Spire Abstract Title Company Billy Penn Studios Business Center

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.14428
    Latitude
    39.97451

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    FAQs

    What type of property is this?
    Creative space - Unique commercial suites for office, e-commerce, photography, production, wellness.
    Where is this creative space located?
    The property is located at 1516 N 5Th St Philadelphia, PA.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: - Unique creative workspace in a historic, renovated warehouse with original character and modern infrastructure.; - Flexible commercial suites available, ranging from 450 sq ft to 10,000 sq ft, suitable for diverse business needs.; - Amenities include off-street parking, conference rooms, lounges, loading docks, and passenger/freight elevators.
    (215) 457-2600
    Request Owner's contact information
    1516 N 5Th St Philadelphia, PA 19122
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    Philadelphia, PA 19122
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1516 N 5Th St Philadelphia, PA 19122
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