Retail Space with On-Site
New
For Lease
$4,950/Mo
1423 Spruce Street First Floor, Philadelphia, PA 19102
CMX5 zoning and dedicated parking accompany this first-floor commercial space.
Space SizeContact for details
Days on Market3
Property Features for 1423 Spruce Street First Floor
General Information
Standard status
Active
Building Details
Year Built
1980
Listing Agency:
Philly Real Estate
Listed By:
Ming T Lo · License #RS292653
(215) 465-9200
Source:
Elkaimpropertygroup
Added: Sep 30
Last Checked: Oct 1 at 4:54PM
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.
At 1423 Spruce Street, this 1980-built retail property offers street-level space on the first floor, with approximately 1,500 square feet available. That floor includes two to three dedicated parking spaces. A single tenant can lease both floors for approximately 3,000 square feet and four dedicated spaces. The property is zoned CMX5, and lease terms and tenant improvements are negotiable.
The Philadelphia address places the space near Broad Street, Rittenhouse Square, Avenue of the Arts, restaurants, shopping, public transportation, and major business districts.
The Philadelphia address places the space near Broad Street, Rittenhouse Square, Avenue of the Arts, restaurants, shopping, public transportation, and major business districts.
Key Highlights
- Approximately 1,500 square feet on the first floor
- Two to three dedicated parking spaces with the first‑floor space
- Both floors can be leased together for approximately 3,000 square feet and four parking spaces
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.97 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
25,331
Businesses Nearby
Explore this area
Business Placement
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
Lease Benchmarks for Philadelphia, PA
$23.99 /SF/Yr
Avg Asking Price
$3.32–$100 /SF/Yr
Price Range
7,509 SF
Avg Space Size
This space is priced 17% below the average of $23.99 /SF/Yr.
Vacancy Rate% for Office in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - CMX5 zoning and dedicated parking accompany this first-floor commercial space.
Where is this retail space located?
The property is located at 1423 Spruce Street First Floor Philadelphia, PA.
What is the lease rate?
The lease rate is $4,950/Mo.
What are key features of this property?
This property features: Approximately 1,500 square feet on the first floor; Two to three dedicated parking spaces with the first‑floor space; Both floors can be leased together for approximately 3,000 square feet and four parking spaces
