REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,850,000
Est. payment /mo
Active
1725 SPRUCE ST Philadelphia, PA 19103
5,050 SqFt
UPDATED:
02/11/2025 05:46 AM
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,050 sqft
Price per Sqft $366
MLS Listing ID PAPH2434132
Originating Board BRIGHT
Year Built 1890
Annual Tax Amount $21,456
Tax Year 2023
Lot Size 2,100 Sqft
Acres 0.05
Property Sub-Type Five Or More Units
Property Description
This historic property offers an exceptional investment opportunity in one of Philadelphia's most sought-after neighborhoods, Rittenhouse Square. Situated just steps from the park, 1725 Spruce St. features a mix of commercial and residential units, providing significant income potential.
The building includes a vacant 1,100 sq. ft. commercial unit on the lower level with two half-bathrooms, a kitchenette, and outdoor access with a handicap rail and separate side-street entrance. This versatile space is ideal for various businesses and is a prime candidate for quick leasing in a high-demand area.
The upper floors house six residential units, including two studios and four one-bedroom apartments, all currently leased. Unit #5 will become available at the end of February, providing an opportunity for new tenants or upgrades. Many tenants have been in place for years, ensuring stable rental income. Units are equipped with window air conditioning and heating units, and there's a coin-operated washer/dryer in the building for tenant use. The building also features a private mailbox area, intercom system, and a small roof deck in Unit #3.
Located in the heart of Rittenhouse Square, this property offers unparalleled access to the park, fine dining, shopping, and cultural attractions. The building's historic charm, including a grand front door, adds character and appeal. While there are no parking spots included with the building, a nearby parking garage offers convenient rental options for residents.
The property is being sold “as-is” and presents a rare opportunity to own a large building in a prime location. With minor updates, the rent potential is significant, and units consistently rent quickly in this desirable area. The asking price offers excellent value, especially considering comparable properties in the area have sold for over $800 per square foot.
This is a unique chance to acquire a well-maintained property with long-term income potential in one of Philadelphia's most prestigious neighborhoods.
No showings will be considered without proof of buyer qualification being sent to Jacky Damis
The building includes a vacant 1,100 sq. ft. commercial unit on the lower level with two half-bathrooms, a kitchenette, and outdoor access with a handicap rail and separate side-street entrance. This versatile space is ideal for various businesses and is a prime candidate for quick leasing in a high-demand area.
The upper floors house six residential units, including two studios and four one-bedroom apartments, all currently leased. Unit #5 will become available at the end of February, providing an opportunity for new tenants or upgrades. Many tenants have been in place for years, ensuring stable rental income. Units are equipped with window air conditioning and heating units, and there's a coin-operated washer/dryer in the building for tenant use. The building also features a private mailbox area, intercom system, and a small roof deck in Unit #3.
Located in the heart of Rittenhouse Square, this property offers unparalleled access to the park, fine dining, shopping, and cultural attractions. The building's historic charm, including a grand front door, adds character and appeal. While there are no parking spots included with the building, a nearby parking garage offers convenient rental options for residents.
The property is being sold “as-is” and presents a rare opportunity to own a large building in a prime location. With minor updates, the rent potential is significant, and units consistently rent quickly in this desirable area. The asking price offers excellent value, especially considering comparable properties in the area have sold for over $800 per square foot.
This is a unique chance to acquire a well-maintained property with long-term income potential in one of Philadelphia's most prestigious neighborhoods.
No showings will be considered without proof of buyer qualification being sent to Jacky Damis
Location
State PA
County Philadelphia
Area 19103 (19103)
Zoning RM4
Interior
Hot Water Natural Gas
Heating Heat Pump(s), Radiator
Cooling Ceiling Fan(s), Ductless/Mini-Split, Window Unit(s)
Flooring Carpet, Ceramic Tile
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 881542700
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
Listed by Gregory J Damis • BHHS Fox & Roach-Center City Walnut
GET MORE INFORMATION
QUICK SEARCH
- Homes For Sale in Columbia, MD
- Homes For Sale in Baltimore, MD
- Homes For Sale in Bowie, MD
- Homes For Sale in Upper Marlboro, MD
- Homes For Sale in Brandywine, MD
- Homes For Sale in Lanham, MD
- Homes For Sale in Washington, DC
- Homes For Sale in Accokeek, MD
- Homes For Sale in Brentwood, MD
- Homes For Sale in Capitol Heights, MD
- Homes For Sale in Hyattsville, MD
- Homes For Sale in District Heights, MD
- Homes For Sale in Greenbelt, MD
- Homes For Sale in Waldorf, MD
- Homes For Sale in White Plains, MD
- Homes For Sale in Suitland, MD
- Homes For Sale in Crofton, MD
- Homes For Sale in Oxon Hill, MD
- Homes For Sale in Fort Washington, MD
- Homes For Sale in Temple Hills, MD
- Homes For Sale in Clinton, MD
- Homes For Sale in Bryans Road, MD
- Homes For Sale in Glenn Dale, MD