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1516 N 5th St
Philadelphia, PA 19122 North Philadelphia East

$21.00 USD/SF/YR

Office For Lease  •  985+ SF

Property Details

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

5 Spaces Available

Name Space Use Size Rent Details
1st Floor Ste 120 Medical Office 985-990 SF Rate Upon Request
1st Floor space with adjacent access to the building's loading dock, package room and ecommerce in  / out.  Features polished concrete floors, and an "open area" up front, and a large private office / seperate room in the rear.

  • Date available: Mar 2026
  • Lease term: Negotiable
  • Service type: To Be Determined
  • 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
2nd Floor Ste 209 Medical Office 971 SF Rate Upon Request
Features an open layout with an industrial brick wall painted white, and a kitchenette.

  • Date available: Mar 2026
  • Lease term: Negotiable
  • Service type: To Be Determined
  • Space Type: Relet
3rd Floor Ste 319 Office/Retail 1,045 SF $21.00 USD/SF/YR
Beautiful open space with a rear dividing wall, and storage closet. Previously used by a photography tenant who expanded.  High ceilings with restored exposed truss work / industrial design element. Space opens up to the atrium, one of the premier 1k sq ft units in the building.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Triple Net
  • Space Type: Relet
4th Floor Ste 403 Medical Office 1,424 SF $20.00 USD/SF/YR
Amazing historic brick wall 1400 sq ft space. Features an in unit kitchen, and 4 windows.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Triple Net
  • Built out as: Standard Office
  • Space Type: Relet

Description

Billy Penn Studios is a modern business complex offering a wide range of flexible spaces : from 10,000 sq ft anchor suites to 500 sq ft private studios and coworking options. What was once a vacant factory has been reimagined into a dynamic hub for creative and professional businesses. This 180,000 sq ft adaptive reuse project spans multiple connected industrial buildings in Olde Kensington, Philadelphia — just minutes from Fishtown and Northern Liberties, with off-street parking available.

Originally a lumber facility and later home to the Billy Penn Corporation’s aluminum operations, the property honors its past while serving the needs of today’s businesses.

Key Features:
- Full custom design build office fit-outs
- Off-street parking options
- Three story glass atrium lobby with original old-growth yellow pine beams
- Freight & passenger elevators
- Loading docks for shipping and logistics
- Conference rooms, lounges, and coworking spaces
- Kitchen and private plumbing options
- High-tension electric (1-, 2-, and 3-phase / 208/120V)
- On-site support team and mail/delivery coordination
- Zoned and equipped for e-commerce and light industrial use

Community & Flexibility: Tenants at Billy Penn Studios benefit from a diverse, engaged business community...with neighbors ranging from creative agencies and production teams to e commerce brands, wellness providers, real estate companies and more. Flexible lease terms allow businesses to grow and adapt over time within the same campus.

Bonus Incentive: Located within a Keystone Innovation Zone (KIZ), the property offers eligible tenants access to tax credits and business incentives...a powerful potential and not extensively known about incentives for companies looking to take space and grow in Philadelphia.

A Space That Grows With You Whether you're launching a startup, scaling your operations, or looking for a flagship Philly location, Billy Penn Studios offers a rare combination of historic architecture, modern infrastructure, and real community ... all within a property that is able to provide different space options to changing business needs or growth over time.

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
  • Bus Line
  • Controlled Access
  • Commuter Rail
  • Conferencing Facility
  • Fenced Lot
  • Floor Drains
  • Food Service
  • Mezzanine
  • Property Manager on Site
  • Restaurant
  • Signage
  • Skylights
  • Roof Terrace
  • Storage Space
  • Recessed Lighting
  • Air Conditioning
  • Fiber Optic Internet

Major Tenants

Tenant SF Occupied Lease End Date
A Second Chance Inc
Buckminster Green
Complete Document Solutions
DealMed
Equilibria Psychological
Foxglove Communications
Maestro Filmworks
Replica Creative
Spire Abstract
Werner Trucking

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 (MFL) (Market-Frankford Line - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley)) 3 min 14 min 0.7 mi
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
Girard and Front (15 Line) (Route 15 - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley)) 3 min 15 min 0.8 mi
Berks (Market-Frankford Line - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley)) 2 min 17 min 0.9 mi
Cecil B Moore (Broad Street Line - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley)) 2 min 17 min 0.9 mi
AirportDriveWalkDistance
Philadelphia International 24 min - 13.2 mi
Trenton Mercer 50 min - 32.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 100
Type: Surface
Included in Rent: Yes
Tobias Biddle 215-432-8000 Quality Real Estate
Tobias Biddle 215-432-8000 Quality Real Estate