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    1622 Locust St Philadelphia, PA 19103

    For Sale
    $7,250,000

    4,250 SF Flex Space; Carlsbad, I-5 Corridor

    Property size:
    16,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional opportunity presents 4,250 square feet of immediately available flex space within the Arroyo Business Center, a two-building industrial park situated in Carlsbad's I-5 Corridor. The property boasts a high-tech image and excellent visibility, conveniently located off Palomar Airport Road. This single-story building, constructed in 1987, offers a total of 40,893 square feet across ten suites, with a minimum divisible space of 4,250 square feet. The available space features an 18-foot ceiling height and one drive-in door. The property sits on 5.4 acres of land and includes 98 parking spaces. Benefit from convenient access to major transportation arteries, including I-5 and Highway 78, and the advantage of abundant nearby retail amenities. The property is zoned PM (check local zoning regulations for permitted uses) and has a San Diego County APN of 213-061-12. Power is supplied at 200 amps/200 volts, 3-phase, 3-wire. The address is 6352 Corte Del Abeto, Carlsbad, CA, with a cross street of Camino Vida Roble. This Class B property presents a rare opportunity for businesses seeking a well-located, functional space in a thriving area. The current asking rate is $6,000 per month gross.

    Property Features for 1622 Locust St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    16,000 SF
    Class
    B

    Building Details

    Year Built
    1854
    Stories
    4

    HighLights

    • 4,250 SF of flex space available for sublease at a reduced rate of $6,000/month gross.
    • Located in the Arroyo Business Center, a two‑building multi‑tenant business park in Carlsbad, CA.
    • Excellent visibility and accessibility off Palomar Airport Road, with nearby retail amenities.
    • Convenient access to I‑5 and Highway 78.
    • Property features a high‑tech image and modern design.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Savett Sherrie R Attorney Berger & Montague: Cohen ... Attorney Lusk & Associates Sotheby's ... Real Estate Agency Testosterone Replacement Therapy ... Medical Clinic FloodSafe and Water Heater ... Insurance Agency

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Law Firm Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1689025
    Latitude
    39.9485092

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    FAQs

    What type of property is this?
    Office Property / Space - 4,250 SF Flex Space; Carlsbad, I-5 Corridor
    Where is this office property / space located?
    The property is located at 1622 Locust St Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $7,250,000.
    What are key features of this property?
    This property features: 4,250 SF of flex space available for sublease at a reduced rate of $6,000/month gross.; Located in the Arroyo Business Center, a two-building multi-tenant business park in Carlsbad, CA.; Excellent visibility and accessibility off Palomar Airport Road, with nearby retail amenities.
    Request Owner's contact information
    1622 Locust St Philadelphia, PA 19103
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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
    1622 Locust St Philadelphia, PA 19103
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