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    1624-28 Locust St Philadelphia, PA 19103

    Sponsored
    For Lease
    $7,500 /Mo

    CommercialLease - PHILADELPHIA, PA

    Type:Retail
    Days on Market:
    10
    Last Refresh:
    Jan 6 at 11:06 pm

    Property Features for 1624-28 Locust St

    General Information

    Property type
    Other
    Property subtype
    Retail
    Standard status
    Active

    Building Details

    Year built
    1940
    Building materials
    Masonry

    Mallin Panchelli Nadel Realty, Inc. (215) 413-4900 [email protected]

    Listing agent Veronica Gintel Blum (267) 238-1728 License #RS290724

    Listing date Dec 29, 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

    Rittenhouse Retail Space Available

    This retail space is located one block from Rittenhouse Square in Philadelphia. The property features approximately 5,400 square feet of first-floor space available at $35 per square foot, plus NNN, and approximately 6,000 square feet in the lower level at $15 per square foot, plus NNN. The space includes 12-foot ceiling heights and multiple configuration possibilities with double-height ceilings. Multiple elevators can facilitate a possible roof deck. The property also offers rear loading and trash access. It has 58 feet of frontage on Locust Street. Five additional floors are available above under new ownership. The zoning is CMX-3. The location is in the heart of Rittenhouse, densely surrounded by affluent office and residential consumers. Transportation options include proximity to the Septa Broad Street Line, PATCO, and Suburban Station.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Law Firm Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.169021
    Latitude
    39.948505

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    FAQs

    What type of property is this?
    Retail space - Retail space near Rittenhouse Square in Philadelphia for lease.
    Where is this retail space located?
    The property is located at 1624-28 Locust St Philadelphia, PA.
    What are key features of this property?
    This property features: - Prime Rittenhouse Square Location: One block from Rittenhouse Square, surrounded by affluent consumers.; - Large Retail Space: 5,400 +/- SF on the 1st floor, plus 6,000 +/- SF in the lower level.; - Flexible Configuration: Multiple configurations possible with double-height ceilings and 12' ceiling heights.
    (267) 238-1728
    Request Owner's contact information
    1624-28 Locust St Philadelphia, PA 19103
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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
    1624-28 Locust St Philadelphia, PA 19103
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