2047 LOCUST ST, Philadelphia, PA 19103
2047 LOCUST ST, Philadelphia, PA 19103
2047 LOCUST ST, Philadelphia, PA 19103
2047 LOCUST ST, Philadelphia, PA 19103
2047 LOCUST ST, Philadelphia, PA 19103
2047 LOCUST ST, Philadelphia, PA 19103
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Listed by David Scialanca • Coldwell Banker Realty
$ 1,875,000
Est. payment | /mo

1,620 Sqft Lot


$ 1,875,000
Est. payment | /mo

1,620 Sqft Lot

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Pending

Purchase Type For Sale

MLS Listing ID PAPH2518152

Year Built 1900

Annual Tax Amount $11,920

Tax Year 2024

Lot Size 1,620 Sqft

Acres 0.04

Lot Dimensions 18.00 x 90.00

Property Sub-Type Mixed Use

Source BRIGHT

Property Description

Versatile Income-Producing Property in the Heart of Rittenhouse Square!
Welcome to this charming and uniquely special property located just a block and a half from the iconic Rittenhouse Square Park! Perfectly positioned in one of Philadelphia's most sought-after neighborhoods, this RM1-zoned gem offers exceptional versatility and investment potential.
Whether you're seeking a multi-family conversion, a luxurious single-family residence, or continuing its current approved use as an elegant professional office building, the possibilities are endless. Currently configured as a fully operational office space with multiple business tenants, this property provides a steady stream of income. There is a total of 8 office units throughout the 2nd, 3rd and 4th floors. 3 of the 8 units are tenant occupied, and the other units are owner occupied.
As you enter the first floor and you'll find an attorney's office featuring a welcoming reception area, front desk, kitchen space, two half bathrooms, and a spacious conference room. The second floor boasts a large main office with a fireplace and an alcove off this office along with two additional private offices. The third floor offers three more offices, including another with a fireplace, plus an additional half bath. On the fourth floor, you'll find two more offices ideal for a variety of uses.
The full basement offers generous storage space, while the dual-zoned HVAC system ensures comfort throughout. The customized windows installed just a few years ago provide both efficiency and aesthetic appeal. 3+ car parking at the rear of the property is a great bonus!
Don't miss this rare opportunity to own a piece of Philadelphia history with this truly flexible and income-producing property in one of Philadelphia's most prestigious locations!

Location

State PA

County Philadelphia

Area 19103 (19103)

Zoning RM1

Interior

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Heat Source Natural Gas

Exterior

Garage Spaces 3.0

Water Access N

Accessibility None

Total Parking Spaces 3

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 883335010

Ownership Fee Simple

Acceptable Financing Negotiable

Listing Terms Negotiable

Financing Negotiable

Special Listing Condition Standard

Virtual Tour https://vimeo.com/1103337991

Bright MLS (BMLS)
Brenda Josephs

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2047 LOCUST ST