1622 LOCUST STREETPHILADELPHIA, PA 19103

Commercial · 16,236 Sq. ft. | 0.15 Acres
$6,500,000 ACTIVE

1622 LOCUST STREET Overview

Time on Site:
168 days
Visits:
13

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.

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1622 LOCUST STREET Facts & Features

  • Type Commercial
  • Sq. ft. 16,236
  • Price/Sq.ft. $400
  • Lot 0.15 Acres

Details

General

Listing Information

  • Real Estate Owned: No
  • Short Sale: No

Building Information

  • New Construction: No
  • Year Built: 1854

Business Information

  • 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,Theater,Vet/Kennel,Other

Location/Region

  • Country: US
  • County: PHILADELPHIA
  • County Or Parish: PHILADELPHIA
  • MLS Area Major: 19103 (19103)

Parking Information

  • Total Parking Spaces: 2
  • Type of Parking: Driveway

Tax Information

  • City/Town Tax: 15359.00
  • City/Town Tax Payment Frequency: Annually
  • School Tax: 18676.00
  • Tax Annual Amount: $34,036.00
  • Tax Assessed Value: 2342200.00
  • Tax Year: 2023

General Information

  • Historic: Yes
  • Property Sub Type: Office
  • Property Type: Commercial Sale
  • School District Name: PHILADELPHIA CITY
  • Special Listing Conditions: Standard
  • Vacation Rental: No
  • Year Assessed: 2026
  • Zoning: CMX3

Interior

Building Information

  • Cooling Fuel: Electric
  • Heating Fuel: Natural Gas
  • Total Drive In Doors: 0

Parking Information

  • Garage: No

Building Interior

  • Building Area Source: Estimated
  • Building Area Total: 16236.00
  • Central Air: Yes
  • Hot Water: Natural Gas

General Information

  • Accessibility Features: Other
  • Cooling: Central A/C

Exterior

Building Information

  • Total Loading Docks: 0

Lot Information

  • Lot Dimensions Source: Estimated
  • Lot Size Acres: 0.15
  • Lot Size Dimensions: 58.00 x 126.00
  • Lot Size Source: Estimated
  • Lot Size Square Feet: 6387.00
  • Lot Size Units: Square Feet
  • Water Source: Public

Waterfront/View

  • Water Oriented: No
  • Water View: No
  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Masonry

General Information

  • Sewer: Public Sewer
  • Water Access: No

1622 LOCUST STREET Neighborhood

Community

19103 (PHILADELPHIA) Demographics

35
Median Age
38,482
Population Density (per sq. mile)
85%
College Educated
$79,110
Estimated Median Income
4,567
Estimated Total Home Owners
11,198
Estimated Total Renters
29% / 71%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

1622 LOCUST STREET Monthly Cost

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$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1622 LOCUST STREET Market Data

Based on the last 30 days in this zip code

$1,097,330
Average List Price
$303
Average Price per Square Foot
45
Properties Sold
137
Average Days on Market
255
Properties for Sale
Calculations provided by Reliance Network

1622 LOCUST STREET History

Date Event Value Agent
1/13/2026Source: BRIGHT MLS Added to Database
January 13, 2026
Listing provided courtesy of MSC Retail, Inc.- MLS# PAPH2574160MLS ProviderContact Information: 2155682600