313 S 16th St, Philadelphia, PA 19102

Property Description

Welcome to 313 S. 16th Street — an extremely spacious, RM1-zoned, multi-level commercial property currently operating under a variance for office use, located just steps from Rittenhouse Square, Center City, and the Broad Street Line in one of Philadelphia’s most walkable neighborhoods. The entry-level features secure vestibule access with a buzzer system, a welcoming waiting area, a private office, an interior-facing reception window, a large bathroom, a kitchenette/break room, and an additional restroom. The lower level offers a sizable front utility and storage room, with a rear room that can function as an additional office or storage space. The second floor includes a meeting room and library; the third and fifth floors each feature three private offices and a bathroom; the fourth floor offers another meeting room; and the top level contains three more offices. There is also a walkout to a small roof deck area from an upper level. The property holds an active fire alarm certification, and in 2019, the owner commissioned an ADA accessibility study, with conceptual architectural renderings available for review. With its flexible layout, historic charm, and unbeatable access to transit and amenities in a true Walker’s Paradise, this property is ideal for continued professional or medical use, or for residential redevelopment — with three dwelling units permitted by right under RM1 zoning. Financing Incentive Available: Qualified dentists, doctors, attorneys, and other professionals may be eligible for a 15% down conventional owner-occupied loan program with an interest rate of around 6%. Contact the listing agent for details.