2047 LOCUST ST Philadelphia, PA 19103
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,400 sqft
Price per Sqft $551
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
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
SqFt Source Assessor
Acceptable Financing Negotiable
Listing Terms Negotiable
Financing Negotiable
Special Listing Condition Standard
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