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Al Ferraguti

al@redsignnetwork.com +1(267) 784-8276

$ 6,500,000

Est. payment -/mo

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Active

1622 LOCUST ST Philadelphia, PA 19103

16,236 SqFt

UPDATED:

02/24/2025 07:28 PM

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 16,236 sqft

Price per Sqft $400

MLS Listing ID PAPH2448896

Originating Board BRIGHT

Year Built 1854

Annual Tax Amount $34,036

Tax Year 2023

Lot Size 6,387 Sqft

Acres 0.15

Lot Dimensions 58.00 x 126.00

Property Sub-Type Office

Property Description

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 building's 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.

Location

State PA

County Philadelphia

Area 19103 (19103)

Zoning CMX3

Interior

Hot Water Natural Gas

Heating Heat Pump(s)

Cooling Central A/C

Heat Source Natural Gas

Exterior

Garage Spaces 2.0

Water Access N

Accessibility Other

Total Parking Spaces 2

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 883047905

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

Listed by Josh Weiss • MSC Retail, Inc.

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Al Ferraguti

+1(267) 784-8276

Team Leader of The Red Sign Network | License ID: AB067613

Team Leader of The Red Sign Network License ID: AB067613