Renovated Creative
For Lease
$20 SF/Yr
1516 N 5TH Street, Philadelphia, PA 19122
CommercialLease, PHILADELPHIA, PA
Space Size450 SF - 10,000 SF
Property Size180,000 SF
Lot Size1.40 Acres
Days on Market455
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
Amenities
lobby
atrium
off street parking
custom office fit outs
passenger elevator
freight elevator
loading docks
conference rooms
lounges
plumbing & kitchen options
high tension 3 phase power
1 2 and 3 phase electric
coworking spaces
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) 423-7497
Added: Jun 17, 2025
Changed: Sep 2
Last Checked: Sep 14 at 1:06PM
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 masonry warehouse provides more than 180,000 SF of commercial workspace configured for a broad range of creative and business activities. Available spaces range from 450 sq ft to 10,000, with options for offices, e-commerce, photography, production, wellness, retail, and coworking. The property combines original architectural elements, including old-growth yellow pine beams, with modern business infrastructure and a three-story atrium.
On-site features include off-street parking, passenger and freight elevators, loading docks, conference rooms, lounges, and plumbing and kitchen options. Electrical service includes high-tension three-phase power along with 1, 2 and 3 phase electric at 208 / 120. Flexible lease terms and custom office fit-outs are available, and the property is located at 1516 N 5TH Street in Philadelphia, PA 19122.
On-site features include off-street parking, passenger and freight elevators, loading docks, conference rooms, lounges, and plumbing and kitchen options. Electrical service includes high-tension three-phase power along with 1, 2 and 3 phase electric at 208 / 120. Flexible lease terms and custom office fit-outs are available, and the property is located at 1516 N 5TH Street in Philadelphia, PA 19122.
Key Highlights
- More than 180,000 SF of renovated creative workspace
- Suite sizes range from 450 sq ft to 10,000
- Three‑story atrium with original old‑growth yellow pine beams
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Heavy power
Yes
Utilities to site
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Philadelphia, PA
$14.89 /SF/Yr
Avg Asking Price
$7.96–$20 /SF/Yr
Price Range
33,833 SF
Avg Space Size
This space is priced 34% above the average of $14.89 /SF/Yr.
Vacancy Rate% for Office in Philadelphia, PA
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Frequently Asked Questions
What type of property is this?
Creative space - Flexible commercial suites support office, production, e-commerce, photography, wellness, and coworking uses.
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: More than 180,000 SF of renovated creative workspace; Suite sizes range from 450 sq ft to 10,000; Three‑story atrium with original old‑growth yellow pine beams
