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1507-1511 Locust St
Off-Market Call for Pricing
Call for Pricing
- 2 Units
- Unknown Sq Ft
- 8,283 Sq Ft
- Unknown Cap Rate
Description
On behalf of the ownership, Hunters Commercial is pleased to present an exclusive opportunity to acquire the properties at 1507 Locust St. and 223 S. Sydenham St. These two addresses have been consolidated into a single, contiguous lot.
Situated in the heart of Rittenhouse Square, one of Philadelphia's most prestigious neighborhoods, this prime location offers proximity to Rittenhouse Park, Broad Street, and Suburban Station, which services 13 regional rail lines facilitating daily commuter traffic. Additionally, the property provides convenient access to major thoroughfares such as I-76, I-676, and I-95, making it well connected to the broader region.
The surrounding area is characterized by a dense mix of residential, commercial, and retail establishments, creating a vibrant environment with ample foot traffic and a built-in customer base.
The property currently houses the well-known Misconduct Bar and Vesper Nightclubs, and the combined lot, totaling 8,283 square feet, is zoned CMX-5. This zoning designation allows for high-density residential and commercial development, making the location suitable for future projects with excellent growth potential.
This offering is ideal for a passive investor looking to collect rental income or an owner-user looking to establish their own business in a prime location. Given the density of the surrounding area and the favorable zoning, the site also presents an attractive opportunity for future development.
This is a rare chance to acquire a Grade A asset in one of Philadelphia’s most sought-after locations. For more details or to schedule a viewing, please contact Hunters Commercial.
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Owner
Do you own or manage this property?
This is My PropertyAmenities
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 | $10,000,000 |
| Property Type | Other |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1984 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 232901439 |
| MLS # | PAPH2398450 |
| Property ID | 320951627 |
| Lot Sqft | 8,283 |
| Zoning | C5 |
| Total Units | 2 |
| Date Updated | October 14, 2024 |
| Date Created | October 13, 2024 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Michael John Patterson an agent of KW Empower. Lic #RS351780
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