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    1622 Locust St Philadelphia, PA 19103

    For Sale
    Contact for pricing

    Prestigious 16,000 SF Rittenhouse Square office building for sale.

    Property size:
    16,000 SF
    Lot size:
    0.15 Acres

    Property Features for 1622 Locust St

    General Information

    Size
    16,000 SF
    Lot size
    0.15 Acres

    Source: MSC Retail - Philadelphia Agent Josh Weiss

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Rittenhouse Square Estate For Sale

    This prestigious 16,000 SF, four-story estate is located in Rittenhouse Square. Currently an owner-occupied office building, it is suitable for an end-user or corporate headquarters. The property was designated as Historic by the City of Philadelphia in 1967 and features unmatched architectural detail. The existing building can be converted into luxury condominiums or a grand single-family mansion. The property includes a courtyard and parking. The parking area will support a 15,000 SF new construction or residential building by right.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Savett Sherrie R Attorney Berger & Montague: Cohen ... Attorney Lusk & Associates Sotheby's ... Real Estate Agency Testosterone Replacement Therapy ... Medical Clinic FloodSafe and Water Heater ... Insurance Agency

    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
    -75.168481
    Latitude
    39.948439

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    FAQs

    What type of property is this?
    Office building - Prestigious 16,000 SF Rittenhouse Square office building for sale.
    Where is this office building located?
    The property is located at 1622 Locust St Philadelphia, PA.
    What are key features of this property?
    This property features: - Prime Rittenhouse Square location.; - Substantial 16,000 SF building suitable for office or conversion.; - Development potential: supports 15,000 SF new construction.
    (215) 568-2600
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    1622 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
    1622 Locust St Philadelphia, PA 19103
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