1221-1223 Locust St Philadelphia, PA 19107
- Retail properties
- 14,828 SF
Current Use by Public Records
- Retail properties
Property Details for 1221-1223 Locust St
- Year built
- 1825
- Property size
- 14,828 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional multi-tenant commercial property at 1221-1223 Locust Street in Philadelphia, Pennsylvania, presents a unique investment opportunity. The 14,828 square foot building, originally designed in the 1820s by renowned architect Frank Furness and formerly the Princeton Club of Philadelphia, boasts a rich history and a meticulously renovated interior. Completed in 2011 at a cost of $2.4 million, the renovation preserved the building's historic charm while incorporating modern amenities. The four-story structure sits on a 3,960 square foot lot and is zoned CMX-5, allowing for a variety of uses. The building currently generates strong income from a mix of tenants, including a first-floor restaurant (Vedge) and 26 premium office suites, catering to restaurant, traditional office, and medical office subtypes. A significant feature is the inclusion of a 3,300 square foot full-height lower level, offering substantial additional space. This property offers a compelling blend of historical significance, strong current income, and versatile zoning, making it an ideal investment for discerning buyers seeking a prime location in Philadelphia's Washington Square West neighborhood. The building's year of construction is 1825.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.1614
- Latitude
- 39.948
