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1516 N 5th St
Philadelphia, PA 19122

$28.00 USD/SF/YR

Medical For Lease  •  2,300+ SF

Property Details

  • Property Type Medical
  • Year Built 1900
  • Total Building Size 180,000 SF
  • Tenancy Multiple
  • Building Class B
  • Zoning ICMX
80 Transit Score
85 Walk Score

7 Spaces Available

Name Space Use Size Rent Details
1st Floor Ste 101 Office/Retail 2,300-12,000 SF $28.00 USD/SF/YR
Incredible newly built three story facility.  Currently operating as another business but Landlord will make available for either Storefront option or full facility rental (we offer broker commissions). The option exists upcoming for the ability to rent the entire facility as a tenant for your client on a commercial lease, with the fit out cost included / amortized, as well as electric included. The space has a storefront retail entrance on 5th St. An amazing facility with a trophy fit out that pictures do not do justice.  Per our building sq ft allocation parking spaces to be included. Landlord will provide option to modify to suit.  Sq ft price is due to pre existing six figure fit out and inclusion of amenities and furniture.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Triple Net
  • Space Type: Relet
1st Floor Ste 115 Medical Office 1,948 SF $20.00 USD/SF/YR
  • Date available: Now
  • Lease term: Negotiable
  • Service type: Triple Net
  • Built out as: Standard Office
  • Space Type: Relet
1st Floor Ste Parking : Commercial Industrial 5,000 SF Rate Upon Request
Large amount of space for commercial parking opportunity, Being vacated in 60 days by large commercial fleet tenant. Rent is $200 a month per parking spot.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Negotiable
  • Space Type: Relet
3rd Floor Ste 300 Office 2,300 SF $20.00 USD/SF/YR
  • Date available: Now
  • Lease term: Negotiable
  • Service type: Triple Net
  • Space Type: Relet
3rd Floor Ste 300A Office 2,300-2,500 SF $27.00 USD/SF/YR
Amazing newly created unit in the building, between 2300 and 2500 sq ft depending on exact placement of demising walls.  Space features beautiful kitchen, access to roofdeck (at no cost to tenant sq ft) numerous pre built offices and workstations.  Ability for Landlord to modify to suit depending on tenant needs (offices can be combined, removed or modified).  Sq Ft price includes "5 figure" office fit out, and Landlord modification of space.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Modified Gross
  • Built out as: Standard Office
  • Space Type: Relet
3rd Floor Ste 312 Medical Office 1,800-3,900 SF $19.00 USD/SF/YR
Amazing 3900 sq ft upper portion and 3k sq ft lower elevation.  Features it's own private bathrooms and showers, which can also be modified and removed. Kitchen in the space as well.  Subdividable.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Triple Net
  • Space Type: Relet
3rd Floor Ste 317A Medical Office 455 SF Rate Upon Request
New 400 sq ft units. Total flat fee including all operating expenses for $1400 - $1600 a month.  Includes kitchenette and plumbing options. High ceilings with restored trusses.

  • Date available: Feb 2025
  • Lease term: Negotiable
  • Service type: To Be Determined
  • Space Type: Relet

Description

Billy Penn Studios is a commercial business complex, featuring spaces ranging from 10k sq ft to 500 sq ft office studios, and coworking. Formerly a vacant factory this adaptive reuse project that has transformed a complex of adjacent industrial buildings totaling 180,000 sq ft in Olde Kensington, Philadelphia. Originally a lumber facility, the building is named after its former occupant the Billy Penn Corporation, which operated an aluminum facility at 1516 N 5th St for many years. Today, the property offers modern business and retail spaces for lease with a wide range of amenities and features.  Conveniently located nearby to Fishtown and Northern Liberties, with OFF STREET PARKING OPTIONS!

One of the standout features of Billy Penn Studios is its stunning lobby with original old growth yellow pine beams, and a one-of-a-kind three-story atrium that adds to the building's character and modern charm. Additionally, businesses can take advantage of the diverse and engaged business community, flexible lease terms, and off-street parking. Other notable features include design build custom office fit-outs, passenger and freight elevators, loading docks, conference rooms and lounges, plumbing and kitchen options, high tension power with 1, 2 and 3 phase electric (208/120), and co-working spaces that are available for use. The building also has relationships with mail delivery services and is suitable and set up for e commerce business operations. 

Another advantage of Billy Penn Studios is its location within a Keystone Innovation Zone, which offers tax credits and other incentives to businesses that operate within the designated zone. This program can be a significant benefit for businesses looking to establish themselves in the area.

Overall, Billy Penn Studios offers an exciting opportunity for businesses to lease modern, adaptable spaces with a blend of historic charm and contemporary amenities. With its diverse community and flexible lease terms, the building can accommodate a wide range of businesses, from startups to established enterprises.

Highlights

Parking: Off Street Parking
Design Build : Internal Fit Out / Office Construction Options
Various Unit sizes from 500 to 10k sq ft
Conference Rooms
Loading Docks / eCommerce capability
Event Spaces and Business Networking Events

Property Flyers

Amenities

  • 24 Hour Access
  • Atrium
  • Controlled Access
  • Conferencing Facility
  • Fenced Lot
  • Property Manager on Site
  • Restaurant
  • Kitchen
  • Storage Space
  • Basement
  • Hardwood Floors
  • Fiber Optic Internet

Major Tenants

Tenant SF Occupied Lease End Date
A Second Chance Inc
Abco Glazing
Buckminster Green
Complete Document Solutions
Crown Mortgage
DealMed
Equilibria Psychological
Maestro Filmworks
ReedTMS Logitiscs
Replica Creative

Public Transportation

Commuter RailDriveWalkDistance
Temple University (R1 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R2 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R3 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R5 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R6 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R7 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R8 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail)) 3 min 14 min 0.7 mi
North Broad (R1 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R2 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R3 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R5 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R6 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R7 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R8 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail)) 5 min - 1.7 mi
Transit/SubwayDriveWalkDistance
Girard Av & 5Th St (63rd-Girard to Richmond-Westmorelnd - SEPTA) 2 min 6 min 0.3 mi
Girard Av & 4Th St (63rd-Girard to Richmond-Westmorelnd - SEPTA) 1 min 8 min 0.4 mi
Girard Av & 3Rd St (63rd-Girard to Richmond-Westmorelnd - SEPTA) 1 min 9 min 0.5 mi
Girard Av & 7Th St (63rd-Girard to Richmond-Westmorelnd - SEPTA) 2 min 9 min 0.5 mi
Girard Av & 8Th St (63rd-Girard to Richmond-Westmorelnd - SEPTA) 2 min 11 min 0.6 mi
AirportDriveWalkDistance
Philadelphia International 24 min - 13.2 mi
Trenton Mercer 49 min - 32.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 100
Type: Surface
Included in Rent: Yes
Tobias Biddle 215-457-2600 Quality Real Estate
Tobias Biddle 215-457-2600 Quality Real Estate