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Listed by Michael Phillips • Compass Pennsylvania, LLC
Bought with Unrepresented • Unrepresented
Bought with Unrepresented • Unrepresented
$2,100,000
$2,615,000 19.7%
Est. payment /mo
2,540 Sqft Lot
Sold on 08/21/2026
1325 SPRUCE ST Philadelphia, PA 19107
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Key Details
Sold Price $2,100,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PAPH2572696
Sold Date 08/21/26
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
Nearby Locations
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