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    16 16Th St Philadelphia, PA 19192

    • Retail properties
    • 139,353 SF
    For Lease
    View listing
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Indego / Bike Sharing Station

    Property Details for 16 16Th St

    Property size
    139,353 SF
    Property type
    Retail properties

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1641
    Latitude
    39.9656

    Comparable in this City

    • Value Estimation by Request
      198,396 SF

      1601 Chestnut St, Unit B

      OFFICE BUILDING • 198,396 SF
      1601 Chestnut St, Philadelphia, PA 19192-0003
      View Details
    • Value Estimation by Request
      198,396 SF

      1601 Chestnut St, Unit C

      OFFICE BUILDING • 198,396 SF
      1601 Chestnut St, Philadelphia, PA 19192-0003
      View Details
    • Value Estimation by Request
      694,386 SF

      1601 Chestnut St Sta, Unit A

      OFFICE BUILDING • 694,386 SF
      1601 Chestnut St Sta, Philadelphia, PA 19192-0003
      View Details
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    16 16Th St
    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
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