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Steven Pagan

steven.pagan@thepagangroup.com +1(609) 631-5668

Listed by Michael Phillips • Compass Pennsylvania, LLC

$2,615,000

Est. payment - /mo

2,540 Sqft Lot

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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

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Our passion for real estate and love for New Jersey are a perfect match. We have made it our mission to help local residents sell their homes quickly and at the best possible prices, and homebuyers in finding their perfect piece of paradise in New Jersey.

+1(609) 631-5668

steven.pagan@thepagangroup.com

90 Tanner St, Haddonfield, NJ, 08033-2419, USA

1325 SPRUCE ST Philadelphia, PA 19107

Steven Pagan

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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1325 SPRUCE ST