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    16 16Th St Philadelphia, PA 19192

    For Lease
    Contact for pricing

    Philadelphia Retail Center: 13,000 SF Available

    Lot size:
    139,353 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    The Shops at Liberty Place, located at the prominent 16th & Chestnut Street intersection in Philadelphia, Pennsylvania (zip code 19192), offers exceptional retail space for lease. This premier Center City shopping destination boasts a total of 139,353 square feet, providing a vibrant and high-traffic environment for businesses. Currently, 13,000 square feet of retail space is immediately available, offering flexibility for various business needs. The minimum divisible space is 1 square foot, allowing for customization to suit individual requirements, while the maximum contiguous space available is 22,500 square feet. This allows for both smaller boutique shops and larger flagship stores to find a suitable location within the center. The property is situated in Philadelphia County and benefits from its prime location within the bustling Center City area, ensuring high visibility and foot traffic. This is a unique opportunity to join a diverse mix of established retailers and restaurants in a thriving commercial hub. The property's address is easily accessible and benefits from excellent public transportation links. Interested parties are encouraged to inquire about available spaces and lease terms.

    Property Features for 16 16Th St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    139,353 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    13,000 SF

    HighLights

    • 1.2M SF of Class A office space
    • 150,000 SF of premier retail space
    • 3M annual visitors
    • 759 parking spaces
    • 249‑room Westin Philadelphia hotel
    • 111 luxury condos at Residences at Two Liberty
    Property Profile Location Intelligence

    Current Use by Public Records

    Indego Bike Sharing Station

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.164086
    Latitude
    39.965562

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    FAQs

    What type of property is this?
    Retail property - Philadelphia Retail Center: 13,000 SF Available
    Where is this retail property located?
    The property is located at 16 16Th St Philadelphia, PA.
    What are key features of this property?
    This property features: 1.2M SF of Class A office space; 150,000 SF of premier retail space; 3M annual visitors
    Request Owner's contact information
    16 16Th St Philadelphia, PA 19192
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    Philadelphia, PA 19192
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16 16Th St Philadelphia, PA 19192
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