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1325 Spruce St
For Sale $2,850,000
$2,850,000
- 6 Units
- Unknown Sq Ft
- 2,540 Sq Ft
- Unknown Cap Rate
Description
This offering presents the rare opportunity to acquire 1325 Spruce St (aka the Thena Hotel), a fully operational, nine-unit boutique hotel / short-term rental building strategically located in the heart of Philadelphia’s Center City. Situated just steps from the Avenue of the Arts, this 4,865 sq ft, four-story masonry building is perfectly positioned to capitalize on Philadelphia’s booming tourism and short-term rental (STR) market. The property has been successfully operated with a staff-less model, catering to a mix of short-term vacationers and longer-term corporate and student tenants. With significant upcoming international events and clear paths to enhance operational revenue, the property represents a premier turnkey investment poised for substantial growth. A new operator can immediately unlock significant upside by implementing targeted operational and marketing enhancements that the current owner has not pursued. The property features rear parking and a large basement for efficient housekeeping/maintenance, steps to the Convention Center, City Hall, Avenue of the Arts, and major employers driving steady leisure and business demand. Strong operating history includes premium 2–8 month corporate/student stays alongside nightly bookings, supported by 4.8-star reviews across platforms. 2026 event catalysts (World Cup, MLB All-Star, Semiquincentennial, PGA, March Madness) offer meaningful upside for a compliant, data-driven operator. Value can be unlocked through refreshed design/branding, professional media and direct-booking strategy, light cosmetic upgrades, revenue optimization (sleep configurations/experiences), and streamlined dynamic pricing and operations. Contact us today.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,850,000 |
| Property Type | Multi-Family |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1974 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 883028000 |
| MLS # | PAPH2572696 |
| Property ID | 293974916 |
| Lot Sqft | 2,540 |
| Zoning | CMX5 |
| Total Units | 6 |
| Days on Market | 28 |
| Original List Price | Unknown |
| Date Updated | January 14, 2026 |
| Date Created | January 13, 2026 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Michael D Phillips an agent of Compass Pennsylvania, LLC. Lic #RS327662
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Data last updated: February 10, 2026.
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Robert Crawford
REAL ESTATE AGENT