1622 Locust Street Philadelphia, PA $ 6,500,000
1622 Locust Street
$ 6,500,000
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1622 Locust Street

Philadelphia, PA, 19103
$ 6,500,000
Bedrooms-- Baths-- Sq 16,236

Monthly Estimate*

$ 40,022

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Commercial Property for sale in Philadelphia, PA

for $6,500,000. This 16,236 square foot building was built in 1854 on a lot size of 0.15.

Welcome to 1622 Locust Street, a spectacular and prestigious double wide estate with an expansive rear courtyard situated one block form Rittenhouse Square on a charming, tree-lined block. Constructed in 1852 as the Isaac Lea House, an elegant and stately private residence, the property has been used for commercial purposes for the last century, and for the last five decades has been owned and occupied by the same family as legal offices. With the flexibility to be occupied commercially or through a residential conversion -- including the potential for by-right development of the courtyard -- the opportunity for investors, developers and commercial users alike to acquire this type of property truly only presents itself once in a lifetime! The building was designed by noted architect John Notman, who also designed the Athenaeum on Washington Square, as well as Saint Mark's Church directly across Locust Street. It is one of the first examples in the United States of the Italianate villa style, a distinction which earned the property a Historic designation in Philadelphia in 1967. The building boasts unparalleled original period detail beginning with the ground floor: an ornate vestibule, rooms with gracious proportions; high ceilings, full height windows and doors; crown molding, chair rail, wainscoting; arched and corbelled openings; marble fireplace mantels and inlay parquet floors. A grand central staircase with ornate, carved wood balustrades connects the buildings four stories, capped with a stained glass oval skylight. In the rear of the property, accessible from a covered porch sits a large and pristine courtyard, lined with wrought iron railings and brick walls, paved with bluestone. Mature trees, manicured garden and a fountain create the feeling of a secluded urban oasis. The patio backs onto Latimer Street, providing additional light and air. Each floor of 1622 Locust overlooks beautiful and serene views to the north and south. A covered driveway for two cars is accessible from both the building and Latimer Street.

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Commercial Active

Price

$ 6,500,000

Property Type

Commercial

Taxes

$ 34,036

Style

Banquet Facility/Lodge,Bed and Breakfast,Day Care

Lot Size

0.15

Year Built

1854

Town/City

Philadelphia

County/Region

Philadelphia

MLS | Web ID

PAPH2574160

Features
Interior
Heating Fuel Natural Gas
Hot Water Natural Gas
Heating Y/N Y
Central Air Y/N Y
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General
Sewer Public Sewer
Heating Heat Pump(s)
Cooling Central A/C
Possession Negotiable
Zoning CMX3
Construction Materials Masonry
Year Built 1854
Property Subtype Office
Tax Year 2023
Ownership Fee Simple
Cool Fuel Electric
Municipality PHILADELPHIA
Business Type Banquet Facility/Lodge Bed and Breakfast Day Care Facility Hair Salon and Spa Health Club Hotel/Motel Institutional Medical Other/General Retail Professional Religious Facility Restaurant/Bar School
Accessibility Other
County PHILADELPHIA
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions Locust Street between 16th and 17th Streets
City PHILADELPHIA
MLS Area 19103 (19103)
Lot Size Units Square Feet
Lot Size Square Feet 6387.00
Tax Annual Amount 34036.0
Price Per Sq Ft Total AG 400.34
Historic Y/N Y
Vacation Rental Y/N N
Standard Status Active
Year Built Source Estimated
Tax Lot 122
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Exterior
Water Source Public
Type of Parking Driveway
Water View Y/N N
Building Area Total 16236.00
Lot Dimensions 58.00 x 126.00
Lot Size Acres 0.15
Lot Size Source Estimated
Waterfront Y/N N
Land Assessed Value 486300.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 1622
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* Excluded Features
List By
Msc Retail, Inc.

Broker

jweiss@hellomsc.com

Email

Affordability Calculator

$42,858
Per Month
93%
7%
0%
Monthly Principal & Interest
$40,022
Monthly Property Taxes
$2,836
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/13/2026$6,500,000 Listed Price

Map


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1622 Locust Street, Philadelphia, PA, 19103 is a Commercial Property for sale at $6,500,000 with 16,236 sqft and a lot size of 0.15. 1622 Locust Street was built in 1854. The property's zip code is 19103 which is in Philadelphia, PA