1600 Spruce St Philadelphia, PA 19103

Listing agency Mallin Panchelli Nadel Realty Inc s***@mpnrealty.com Show Phone

Listed by Samantha Lee Miller · License #RS352351 Show Phone

Source Exprealty

Added: Apr 16 Updated: Jul 21 at 3:29PM Checked: Jul 21 at 3:29PM

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Investment Insights

Based on property information with market context.

1600 Spruce Street is a mixed-use corner property originally built in the mid-1800s. The ownership has renovated and upgraded the building in recent years. The property is fully occupied and includes two 2-bedroom apartments, a professional office suite, and a highly visible retail space.

The retail space is occupied by Weckerly’s Ice Cream and is leased on an NNN basis. The building is located on the corner of 16th and Spruce Streets in Philadelphia.

For buyers seeking a turn-key, multi-use asset, this offering combines residential units, an office suite, and a separately leased retail component under an NNN lease structure.

Key Highlights

• Fully occupied 1600 Spruce Street mixed‑use corner building at 16th & Spruce in Philadelphia’s Rittenhouse Square neighborhood
• Tenant mix includes two 2‑bedroom apartments, a professional office suite, and retail space
• Retail space is leased to Weckerly’s Ice Cream on an NNN lease

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FAQs

What type of property is this?

Mixed-use property - Fully occupied building with two apartments, a professional office suite, and NNN retail leased to Weckerly’s Ice Cream.

Where is this mixed-use property located?

The property is located at 1600 Spruce St Philadelphia, PA.

What is the asking price?

The asking price for this property is $1,750,000.

What are key features of this property?

This property features: Fully occupied 1600 Spruce Street mixed‑use corner building at 16th & Spruce in Philadelphia’s Rittenhouse Square neighborhood; Tenant mix includes two 2‑bedroom apartments, a professional office suite, and retail space; Retail space is leased to Weckerly’s Ice Cream on an NNN lease