Historic 4-Story Office
For Lease
Contact for pricing
1622 Locust St, Philadelphia, PA 19103
A 4-story, 16,000 SF office building with courtyard and parking, designated historic in 1967.
Property Size16,000 SF
Days on Market641
Property Features for 1622 Locust St
General Information
Standard status
Active
Size
16,000 SF
Property subtype
OFFICE
Listing Agency:
MSC Retail - Philadelphia
(215) 883-7389
Listed By:
Josh Weiss · License #RS306451
Source:
Moodyscre
Added: Oct 29, 2024
Changed: Jul 29
Last Checked: Jul 30 at 8:05AM
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.
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
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
16,563
Businesses Nearby
Explore this area
Business Placement
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
Market
Lease Benchmarks for Philadelphia, PA
$17.74 /SF/Yr
Avg Asking Price
$6.7–$25 /SF/Yr
Price Range
39,657 SF
Avg Space Size
Vacancy Rate% for Office in Philadelphia, PA
Questions? Ask Rey
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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)
