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Second-Floor Office Unit
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1423 SPRUCE STREET, Philadelphia, PA 19102

Office space with dedicated rear parking in Philadelphia’s Center City business district.

Property Size1,500 SF
Price / SF$2.87
Days on Market7

Property Features for 1423 SPRUCE STREET

General Information

Standard status Active
Size 1,500 SF
Total Parking Spaces 3
Property subtype Commercial

Additional Details

Floor Second Floor
Public Transit Yes

Building Details

Year Built 1981
Listing Agency: Philly Real Estate
Listed By: Ming T Lo
Source: Cummingsrealtors
Added: Aug 5 Changed: Aug 11 Last Checked: Aug 11 at 5:19AM

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 Philly Real Estate

Investment Insights

Based on property information with market context.

This second-floor office unit contains 1,500 square feet within a building constructed in 1981. A rear parking lot accommodates two to three cars, adding on-site convenience for an office user in a dense urban setting.

The property is near Broad Street and one block from a major subway station, with access to Center City’s established office, residential, retail, restaurant, and service environment. The surrounding area includes office buildings and residential high-rises, placing the space within an active commercial corridor. The configuration is suited to professional office operations, including legal, medical, consulting, creative, and boutique business uses as identified for the property.

Key Highlights

  • 1,500 SF second‑floor office unit
  • Rear parking lot accommodates two to three cars
  • Constructed in 1981

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Tanning Salon (Bike/Boat/Book/etc) Store 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.

Location Intelligence

Trade Area within ½ mile

25,331
Businesses Nearby

Demographics for 19102, PA

7,568
Population
4,606
Households
1.6
Avg Household Size
32
Median Age
87%
College-Educated
98%
High-School Grad
0.2 sq mi
ZIP Area
37,840
Density / Sq Mi
$114,844
Median Household Income
$79,552
Median Earnings
$2,249
Median Rent
$412,200
Median Home Value

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 units - Office space with dedicated rear parking in Philadelphia’s Center City business district.
Where is this office units located?
The property is located at 1423 SPRUCE STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: 1,500 SF second‑floor office unit; Rear parking lot accommodates two to three cars; Constructed in 1981
More about this property
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