Condominium Redevelopment Opportunity 2128 Locust St

On behalf of Ownership, GREA offers qualified investors the opportunity to acquire the fee simple interest in the property at 2128 Locust Street (the “Property” or “Asset”) in the Rittenhouse Square neighborhood of Philadelphia. The Property boasts 10,703 square feet of space with historic details, well positioned to be converted into boutique luxury condos. The expansive rooms and vaulted ceilings would fill future condos with unique charm and historical character.
The Property is positioned in Rittenhouse Square the most desirable neighborhood in all of Philadelphia. This section of Center City has long been known as a magnate for attorneys, doctors, medical students, law students, and MBA candidates. Quick access to hospitals, universities, and office buildings attracts “Eds and Meds” professionals looking for high-quality housing in the heart of the City.
Residents of 2128 Locust Street are within walking distance of cafes, award-winning restaurants, luxury retailers, an expansive well-manicured green space, and the largest employers in the city. Further, the Property falls within the Greenfield School Catchment Zone. Greenfield, a K-8 elementary school, was awarded the National Blue Ribbon from the U.S. Department of Education (2018). Additionally, the Property is steps from public transportation on the SEPTA Market-Frankford Line, and minutes from major highways such as I-76, I-676, and I-95.
2128 Locust Street is a rare opportunity to reposition a building with incredible charm in an irreplaceable location with a highly educated tenant base.