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For Sale

Ritz-Carlton Commercial Condominiums

1414 South Penn Square,
Philadelphia, PA 19107

Asset Snapshot

Offering Summary

Investment Overview

Fully-leased commercial condominiums; GLA: ±6,850 SF (Ground Floor: 2,487 SF, Third Floor: 4,363 SF)


Investment Highlights

  • Flagship retail opportunity opposite City Hall at the epicenter of Center City
  • Located within the luxury Ritz-Carlton Residences and connected to a 299-room Ritz-Carlton Hotel, enhancing prestige and foot traffic
  • 100% leased with NNN income in place
  • Diverse tenant mix including La Colombe, Palm Vintage Café, and additional retail plus 100+ storage units
  • Strong in-place income with projected NOI of ~$340K and 7.5-year weighted average lease term

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Listing Syndicated From

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For Sale
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Asking Price