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    1629 Locust St Philadelphia, PA 19103

    For Sale
    $3,450,000

    Five-story office building in Center City, one block from Rittenhouse.

    Property size:
    9,000 SF
    Lot size:
    0.05 Acres

    Property Features for 1629 Locust St

    General Information

    Size
    9,000 SF
    Lot size
    0.05 Acres

    Source: MSC Retail - Philadelphia Agent Jacob Cooper

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

    Overview

    Historic Office Building Near Rittenhouse

    This five-story office building, featuring a marble, winding staircase, is located in Center City, Philadelphia. The approximately 9,000-square-foot building includes an additional 1,350-square-foot basement. Constructed in 1899 and renovated in 1943, 1985, and the 1900s, the building was originally designed as a residence by Horace Trumbauer. It was listed on the Philadelphia Register of Historic Places in July 1982 and later added to the Rittenhouse Fitler Historic District in February 1995. Situated one block from Rittenhouse Square, the property is in the heart of the business district and within Center City’s most exclusive residential neighborhoods. The location offers convenient access to all forms of transportation and is surrounded by many of Philadelphia’s finest shops, hotels, restaurants, galleries, theaters, and private clubs. Over 150 public parking spaces are within walking distance of the building. The property is zoned CMX-3 Commercial and offers 2,000 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Dimeling Schreiber & Park Investment Bank MidMarket Capital Advisors ... Investment Service mmadvisors Business Management Consultant Mercator Advisors Financial Institution

    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
    -75.169005
    Latitude
    39.948969

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    FAQs

    What type of property is this?
    Office building - Five-story office building in Center City, one block from Rittenhouse.
    Where is this office building located?
    The property is located at 1629 Locust St Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $3,450,000.
    What are key features of this property?
    This property features: - Prime location one block from Rittenhouse Square, in the heart of the business district and exclusive residential neighborhoods.; - Approximately 9,000 square feet plus 1,350 square feet basement.; - Historic building designed by Horace Trumbauer, listed on the Philadelphia Register of Historic Places and in the Rittenhouse Fitler Historic District.
    (215) 568-2600
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    1629 Locust St Philadelphia, PA 19103
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    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
    1629 Locust St Philadelphia, PA 19103
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