1624-1628 Locust St Philadelphia, PA 19103
This exceptional retail property, located at 1624-1628 Locust Street in Philadelphia County, presents a unique opportunity for multiple tenants. The entire building, known as The Stein Bellet Building, comprises 35,680 square feet of vacant, leasable space, offering significant potential for a variety of commercial uses. Currently, the property is available for lease as a whole, providing a blank canvas for a large-scale retail development or the opportunity for multiple smaller businesses to establish themselves in a high-traffic location. The building's size and layout allow for considerable flexibility in tenant configuration, accommodating diverse business needs. The address on Locust Street places the property within a vibrant commercial district of Philadelphia, ensuring high visibility and accessibility for potential customers. This is an exceptional chance to secure a substantial retail presence in a prime Philadelphia location. The entire 35,680 square feet is currently vacant, allowing for complete customization to suit the needs of the incoming tenant(s). The property is categorized as a multi-tenant building, suggesting a layout conducive to multiple businesses operating within the same structure. This presents an opportunity for a diverse retail environment or a single entity seeking a large footprint. Serious inquiries are encouraged to explore the possibilities of this significant retail space. The property is ready for immediate occupancy.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.