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$ 2,615,000
Est. payment | /mo
2,540 Sqft Lot
$ 2,615,000
Est. payment | /mo
2,540 Sqft Lot
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Lot Size 2,540 Sqft
MLS Listing ID PAPH2572696
Total Units 9
Short Sale No
Originating MLS 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
1-purchase type For Sale
Exterior
Garage Spaces 2
Waterfront N
Water Access N
Accessibility None
Parking Type Driveway
Total Parking Spaces 2
Building
New Construction N
Lot Dimensions 20.00 x 127.00
Sewer Public Sewer
Water Public
Schools
School District Philadelphia City
Others
Tax Amount $16,660
Tax Year 2026
Tax ID 883028000
Ownership Fee Simple
Special Sale Standard
testyfx76
Listed by Michael Phillips • Compass Pennsylvania, LLC
Nearby Locations
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