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Historic 4-Story Office Building
For Lease
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1622 Locust St, Philadelphia, PA 19103

A 4-story, 16,000 SF office building with courtyard and parking, designated historic in 1967.

Space Size16,000 SF
Days on Market686

Property Features for 1622 Locust St

General Information

Standard status Active
Size 16,000 SF
Property subtype OFFICE

Spaces For Lease

at 1622 Locust St Contact us

Prestigious Rittenhouse Square

Floor
Bldg
Size
16,000 SF
Type
OFFICE
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- Prestigious Rittenhouse Square estate for sale with unmatched architectural detail -...
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Listing Agency: MSC Retail - Philadelphia
Listed By: Josh Weiss · License #RS324559
Source: Moodyscre
Added: Oct 29, 2024 Changed: Sep 8 Last Checked: Sep 14 at 10:33AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MSC Retail - Philadelphia

Investment Insights

Based on property information with market context.

A 16,000 SF, four-story owner-occupied office building offered for rent at 1622 Locust St. The property features a courtyard and parking, and it was designated as Historic by the City of Philadelphia in 1967.

The building is presented as a prestigious Rittenhouse Square estate with distinctive architectural character. The outdoor courtyard can be maintained, and the parking can support future development plans, including a 15,000 SF new construction residential building by right.

Configured as an office building, the property may also be convertible, with the existing building described as able to be adapted for luxury condominiums or a single-family mansion.

Key Highlights

  • 16,000 SF, 4‑story office building in Rittenhouse Square
  • Owner‑occupied property, suitable for an end‑user or corporate headquarters
  • Historic designation by the City of Philadelphia (1967)

Property Analytics

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Current Use

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

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Tanning Salon Clothing & Fashion Store Veterinary Clinic Pet Grooming Service Adult Day Care

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

21,096
Businesses Nearby

Demographics for 19103, PA

28,717
Population
20,064
Households
1.4
Avg Household Size
36
Median Age
81%
College-Educated
98%
High-School Grad
0.6 sq mi
ZIP Area
47,862
Density / Sq Mi
$97,940
Median Household Income
$76,680
Median Earnings
$1,955
Median Rent
$551,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Philadelphia, PA

14.2% 2019
14.1% 2020
16.2% 2021
19% 2022
20.5% 2023
19.6% 2024
19.7% 2025
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Frequently Asked Questions

What type of property is this?
Office building - A 4-story, 16,000 SF office building with courtyard and parking, designated historic in 1967.
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: 16,000 SF, 4‑story office building in Rittenhouse Square; Owner‑occupied property, suitable for an end‑user or corporate headquarters; Historic designation by the City of Philadelphia (1967)
(215) 883-7389 Call to check price and availability
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