Philadelphia, PA 19107,1325 SPRUCE ST
Philadelphia, PA 19107,1325 SPRUCE ST
Philadelphia, PA 19107,1325 SPRUCE ST
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$2,850,000
Est. payment /mo
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2,540 Sqft Lot
New

1325 SPRUCE ST Philadelphia, PA 19107

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Jonathan Greene

Jonathan Greene

+1(973) 873-0734

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Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PAPH2572696

Year Built 1974

Annual Tax Amount $16,660

Tax Year 2026

Lot Size 2,540 Sqft

Acres 0.06

Lot Dimensions 20.00 x 127.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

This offering presents the rare opportunity to acquire 1325 Spruce St (aka the Thena Hotel), a fully operational, nine-unit boutique hotel / short-term rental building strategically located in the heart of Philadelphia's Center City. Situated just steps from the Avenue of the Arts, this 4,865 sq ft, four-story masonry building is perfectly positioned to capitalize on Philadelphia's booming tourism and short-term rental (STR) market. The property has been successfully operated with a staff-less model, catering to a mix of short-term vacationers and longer-term corporate and student tenants. With significant upcoming international events and clear paths to enhance operational revenue, the property represents a premier turnkey investment poised for substantial growth. A new operator can immediately unlock significant upside by implementing targeted operational and marketing enhancements that the current owner has not pursued. The property features rear parking and a large basement for efficient housekeeping/maintenance, steps to the Convention Center, City Hall, Avenue of the Arts, and major employers driving steady leisure and business demand. Strong operating history includes premium 2–8 month corporate/student stays alongside nightly bookings, supported by 4.8-star reviews across platforms. 2026 event catalysts (World Cup, MLB All-Star, Semiquincentennial, PGA, March Madness) offer meaningful upside for a compliant, data-driven operator. Value can be unlocked through refreshed design/branding, professional media and direct-booking strategy, light cosmetic upgrades, revenue optimization (sleep configurations/experiences), and streamlined dynamic pricing and operations. Contact us today.

Location

State PA

County Philadelphia

Area 19107 (19107)

Zoning CMX5

Interior

Hot Water Natural Gas

Heating Radiator

Cooling Central A/C

Heat Source Natural Gas

Exterior

Garage Spaces 2.0

Water Access N

Accessibility None

Total Parking Spaces 2

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 883028000

Ownership Fee Simple

Special Listing Condition Standard

Virtual Tour https://player.vimeo.com/video/1152239819?title=0&byline=0&portrait=0

Bright MLS (BMLS)

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Jonathan Greene

Jonathan Greene

Broker of Record | License ID: 1433604

+1(973) 873-0734

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