1624-28 Locust St Philadelphia, PA 19103
This exceptional retail opportunity presents two available spaces totaling 11,400 square feet in a six-story building at 1624-28 Locust Street, Philadelphia, PA. Located just one block from Rittenhouse Square, this property boasts a highly desirable location within a vibrant retail corridor, surrounded by affluent residential and office buildings. The space offers flexible configurations, with options ranging from 5,400 to 11,400 contiguous square feet, including a 5,400+/- square foot first floor and a 6,000+/- square foot lower level. The building features impressive 12-foot ceiling heights, with the potential for double-height ceilings in certain configurations. Multiple elevators are available, and the building's design allows for the possibility of a roof deck. Rear loading and trash facilities are also provided. The property enjoys excellent street frontage of 58 feet on Locust Street. The upper five floors are available under separate ownership. The CMX-3 zoning allows for a variety of retail uses. This location benefits from exceptional public transportation access, with proximity to the SEPTA Broad Street Line, PATCO, and Suburban Station. The property's strong tenant mix includes nationally recognized brands such as Barclay Prime, Parc, Free People, Paper Source, Urban Outfitters, Almyra, Apple, Brooklinen, Vince, P.S. & Co., Bluestone Lane, Doggie Style, and Devon, ensuring a high-traffic location and excellent co-tenancy. This is a rare opportunity to establish a presence in one of Philadelphia's most prestigious retail districts.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.