Historic Creative Office
For Lease
$20 SF/Yr
1516 N 5TH Street, Philadelphia, PA 19122
CommercialLease - PHILADELPHIA, PA
Property Size180,000 SF
Lot Size1.40 Acres
Days on Market410
Property Features for 1516 N 5TH Street
General Information
Property type
Other
Property subtype
Office
Parking
100
Parking features
Parking Lot
Subdivision
OLDE KENSINGTON
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Lot size
1.40 Acres
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Building Details
Year built
1950
Building materials
Masonry
Listing Agency:
Quality Real Estate-Broad St
(215) 457-2600
Listed By:
Tobias Lee Biddle · License #RM423970
(215) 457-2600
Added: Jun 17, 2025
Changed: Jun 9
Last Checked: Jul 31 at 2:06AM
MLS# PAPH2495878
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This renovated historic warehouse has been converted into Billy Penn Studios, providing flexible commercial space for office, e-commerce, photography, production, and wellness, among other concepts. Suites range from 450 square feet to 10,000 square feet, and the building also offers co-working desks and offices. The lobby features original old growth yellow pine beams, and a distinctive three-story atrium adds character to the interior layout. The space includes conference rooms and lounges, with plumbing and kitchen options available for compatible tenants. Building power is described as high tension three-phase with options including 1, 2, and 3 phase electricity (208/120).
The property is located at 1516 N 5th Street in Philadelphia, Pennsylvania, and includes original early-1900s construction elements tied to its history as a lumber facility in Olde Kensington. The campus includes off-street parking and is served by both passenger and freight elevators, along with loading docks for move-in and operations that require freight access.
Suites at Billy Penn Studios are designed for tenants who need adaptable office space and the ability to tailor their interiors, supported by custom office fit-outs and flexible lease terms. Tenant use is supported across a range of creative and business-oriented activities, making the property well-suited for teams that want a workspace with on-site collaboration areas, practical building services, and convenient vertical access for personnel and goods.
The property is located at 1516 N 5th Street in Philadelphia, Pennsylvania, and includes original early-1900s construction elements tied to its history as a lumber facility in Olde Kensington. The campus includes off-street parking and is served by both passenger and freight elevators, along with loading docks for move-in and operations that require freight access.
Suites at Billy Penn Studios are designed for tenants who need adaptable office space and the ability to tailor their interiors, supported by custom office fit-outs and flexible lease terms. Tenant use is supported across a range of creative and business-oriented activities, making the property well-suited for teams that want a workspace with on-site collaboration areas, practical building services, and convenient vertical access for personnel and goods.
Key Highlights
- Unique creative workspace in a historic, renovated warehouse with original character and modern infrastructure.
- Flexible commercial suites available, ranging from 450 sq ft to 10,000 sq ft, suitable for diverse business needs.
- Amenities include off‑street parking, conference rooms, lounges, loading docks, and passenger/freight elevators.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Heavy power
NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,940
Businesses Nearby
Explore this area
Business Placement
Demographics for 19122, PA
26,668
Population
10,139
Households
2.6
Avg Household Size
28
Median Age
42%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
20,514
Density / Sq Mi
$57,785
Median Household Income
$31,871
Median Earnings
$1,294
Median Rent
$341,000
Median Home Value
Market
Vacancy Rate% for Office in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Creative space - Renovated warehouse offers flexible creative suites plus coworking options, with freight and passenger elevators and loading docks.
Where is this creative space located?
The property is located at 1516 N 5TH Street Philadelphia, PA.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: Unique creative workspace in a historic, renovated warehouse with original character and modern infrastructure.; Flexible commercial suites available, ranging from 450 sq ft to 10,000 sq ft, suitable for diverse business needs.; Amenities include off‑street parking, conference rooms, lounges, loading docks, and passenger/freight elevators.
