Multi-Tenant Telco Carrier
2401 Locust St Philadelphia, PA 19103
For Sale
Contact for pricing
Four-story, multi-tenant telco carrier hotel anchored by Verizon and over 85% occupied by telecommunications and colocation companies.
Property Size46,319 SF
Lot Size0.28 Acres
Days on Market115
Property Features for 2401 Locust St
General Information
- Standard status
- Active
- Size
- 46,319 SF
- Lot size
- 0.28 Acres
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1928
Listing Agency:
Cushman & Wakefield - East Rutherford, New Jersey
(973) 993-1200
Listed By:
Frank A. DiTommaso II · License #NJ 1861409
Source:
Crexi
Added: Apr 2
Changed: Jul 23
Last Checked: Jul 25 at 9:37AM
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 Cushman & Wakefield - East Rutherford, New Jersey
Investment Insights
Based on property information with market context.
2401 Locust Street is a four-story, multi-tenanted boutique “telco hotel” totaling 46,319 SF. The property is described as over 85% occupied by telecommunications and colocation companies, with Verizon listed as an anchor tenant. It is characterized as a carrier hotel and mission-critical facility.
The building was originally constructed as a manufacturing plant for Hires Root Beer, later used as a neighborhood newspaper plant, and subsequently acquired for conversion to office space. In the 1980s, telecommunications users approached prior ownership due to proximity to Baltimore and Ohio Railroad fiber routing and an AT&T central office, and the building was converted to its current use as an IT carrier facility.
Cushman & Wakefield notes the asset is located on the southern edge of the Market Street West business corridor and that it is among a handful of data center assets in the downtown market. The remarks also reference multiple sources of additional income, including engagement of available conduits and ceiling boxes.
The building was originally constructed as a manufacturing plant for Hires Root Beer, later used as a neighborhood newspaper plant, and subsequently acquired for conversion to office space. In the 1980s, telecommunications users approached prior ownership due to proximity to Baltimore and Ohio Railroad fiber routing and an AT&T central office, and the building was converted to its current use as an IT carrier facility.
Cushman & Wakefield notes the asset is located on the southern edge of the Market Street West business corridor and that it is among a handful of data center assets in the downtown market. The remarks also reference multiple sources of additional income, including engagement of available conduits and ceiling boxes.
Key Highlights
- Four‑story, multi‑tenant telco carrier hotel at 2401 Locust St, anchored by Verizon
- Over 85% occupied by telecommunications and colocation companies
- 46,319 SF on a 0.28‑acre parcel, positioned on the southern edge of the Market Street West business corridor
Property Analytics
Location Intelligence
Current Use by Public Records
Quonix Data Center ...
Telecommunications Service
Unisecure
Telecommunications Service
FAQs
What type of property is this?
Office building - Four-story, multi-tenant telco carrier hotel anchored by Verizon and over 85% occupied by telecommunications and colocation companies.
Where is this office building located?
The property is located at 2401 Locust St Philadelphia, PA.
What are key features of this property?
This property features: Four‑story, multi‑tenant telco carrier hotel at 2401 Locust St, anchored by Verizon; Over 85% occupied by telecommunications and colocation companies; 46,319 SF on a 0.28‑acre parcel, positioned on the southern edge of the Market Street West business corridor
