1600 Spruce Street

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1600 Spruce Street

Philadelphia, PA 19103
Asking Price
Contact for price
Asset Type
Mixed-use
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Mixed-use asset positioned on a prime Rittenhouse Square street corner.
  • Property is located at 1600 Spruce Street in central Philadelphia.
  • Versatile configuration supports both commercial and residential investment strategies.
  • High-density urban neighborhood provides consistent exposure to pedestrian and vehicular traffic.
  • Strategic location within one of Philadelphia’s most established commercial districts.

What's Special

Situated at 1600 Spruce Street, this mixed-use asset occupies a prominent corner position within the Rittenhouse Square neighborhood of Philadelphia. This submarket remains a central hub for urban activity, characterized by its dense concentration of residential, retail, and professional service environments. Investors and occupiers benefit from the high-traffic visibility and established density of this Pennsylvania location. The property layout supports a variety of operational configurations suitable for retail storefronts, commercial offices, or residential units, providing flexibility for diverse investment strategies. Being positioned in the heart of the city, the asset captures the robust economic activity associated with one of Philadelphia's most historic and affluent residential and commercial districts. Prospective owners will find significant value in securing a foothold in this highly accessible corridor, which links major transit routes and dense neighborhood populations.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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