1507 Locust St Philadelphia, PA 19102

This exceptional investment opportunity presents a fully occupied, 17,143 square foot, Class A multi-tenant retail property located in Philadelphia's prestigious Rittenhouse Square neighborhood. The property, encompassing two addresses consolidated into a single contiguous 8,283 square foot lot, currently houses two well-established bars: Misconduct Bar and Vesper Nightclubs. Built in 1984, the property boasts 100% occupancy and benefits from a highly desirable C5 zoning designation, allowing for high-density residential and commercial development. Its prime location offers unparalleled access to Rittenhouse Park, Broad Street, and Suburban Station, a major regional rail hub. Major thoroughfares, including I-76, I-676, and I-95, provide convenient access to the broader region. The surrounding area is characterized by a vibrant mix of residential, commercial, and retail establishments, ensuring high foot traffic and a strong customer base. This property is ideal for both passive investors seeking rental income and owner-users looking to establish a business in a prime location. The significant development potential, coupled with the property's current strong performance, makes this a rare opportunity to acquire a Grade A asset in one of Philadelphia's most sought-after areas. The asking price is $10,000,000.