Rittenhouse Retail Space
For Lease
Contact for pricing
1624-28 Locust St, Philadelphia, PA 19103
Retail space one block from Rittenhouse Square.
Space Size5,400 SF - 6,000 SF
Property Size11,400 SF
Days on Market848
Property Features for 1624-28 Locust St
General Information
Standard status
Active
Size
5,400 SF - 6,000 SF
Property subtype
Retail, Restaurant
Lease Type
NNN
Building Details
Building Size
11,400 SF
Tenancy
Multiple
Spaces For Lease
at 1624-28 Locust St Contact us- Size
- 5,400 SF
- Type
- Restaurant, Retail
- Lease Type
- NNN
- Availability
- Active
First floor space
- Size
- 6,000 SF
- Type
- Restaurant, Retail
- Lease Type
- NNN
- Availability
- Active
Lower level
Listing Agency:
MPN Realty, Inc.
Listed By:
Veronica Blum · License #PA
(215) 413-4900
Source:
Crexi
Added: May 10, 2024
Changed: Aug 14
Last Checked: Sep 3 at 11:37AM
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 MPN Realty, Inc.
Investment Insights
Based on property information with market context.
This property offers a rare opportunity for retail space located one block from Rittenhouse Square. The first floor provides approximately 5,400 square feet, with an additional 6,000 square feet available in the lower level. The space features ceiling heights of approximately 12 feet and allows for multiple configurations, including the possibility of double-height ceilings. Multiple elevators are present, potentially facilitating access to a roof deck. The property includes rear loading and trash facilities. It has a frontage of 58 feet on Locust Street. Five additional floors are available above, under new ownership. The zoning is CMX-3. Situated in the heart of Rittenhouse, the location is densely surrounded by affluent office and residential consumers. Transportation options are readily accessible, with proximity to the Septa Broad Street Line, PATCO, and Suburban Station. This property is suitable for retail, restaurants, and other commercial real estate ventures.
Key Highlights
- Prime location just one block from Rittenhouse Square.
- 5,400 +/- SF 1st floor and 6,000 +/- SF lower level.
- Multiple elevators can facilitate a possible roof deck.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
21,096
Businesses Nearby
257k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Apparel 27%
Shops & Services 16%
Hotels & Casinos 15%
The Ritz-Carlton, Philadelphia
Hotels & Casinos
30,824 visits/mo
0.4 miles
Starbucks
Dining
22,463 visits/mo
0.2 miles
UNIQLO
Apparel
20,066 visits/mo
0.2 miles
Ocean Prime
Dining
15,550 visits/mo
0.2 miles
Urban Outfitters
Apparel
15,117 visits/mo
0.2 miles
Demographics for 19103, PA
28,717
Population
20,064
Households
1.4
Avg Household Size
36
Median Age
81%
College-Educated
98%
High-School Grad
0.6 sq mi
ZIP Area
47,862
Density / Sq Mi
$97,940
Median Household Income
$76,680
Median Earnings
$1,955
Median Rent
$551,700
Median Home Value
Market
Lease Benchmarks for Philadelphia, PA
$25.21 /SF/Yr
Avg Asking Price
$3.32–$100 /SF/Yr
Price Range
6,858 SF
Avg Space Size
This space is priced 40% below the average of $25.21 /SF/Yr.
Vacancy Rate% for Retail in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space one block from Rittenhouse Square.
Where is this retail space located?
The property is located at 1624-28 Locust St Philadelphia, PA.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: Prime location just one block from Rittenhouse Square.; 5,400 +/- SF 1st floor and 6,000 +/- SF lower level.; Multiple elevators can facilitate a possible roof deck.
