Former Rite Aid | Center City, Philadelphia

Equity CRE is pleased to present this rare opportunity to acquire a 7,600 SF building at one of the most renowned and vibrant locations in Center City Philadelphia. The CMX-5 zoning allows for a diverse range of residential and commercial uses, empowering you to tailor your project to perfectly suit this vibrant location.

A booming hub at the epicenter of Center City, Philadelphia’s fastest-growing neighborhood. From 2011-2022, the area has witnessed a remarkable population surge of 26%, and this growth trajectory shows no signs of slowing down. This vibrant and dynamic location offers exceptional advantages for your development.

• Transit Oriented Development: Situated directly next to the 8th and Market SEPTA/PATCO station entrance, the property boasts exceptional access to public transportation to the Market/Frankford Line, PATCO’s Lindenwold Line, the Broad Ridge Line, and Concourse access to Regional Rail Lines.
• Thriving Medical Hub: Directly adjacent to the esteemed Jefferson Hospital (957 beds) and within a half-mile radius of 10 additional Jefferson Medical buildings (housing a total of 42,000 employees), your development is ideally positioned to cater to this well-established and ever-expanding medical community. Furthermore, Penn Hospital (520 beds) and the entire Penn Medical System (49,000 employees) are conveniently located within a 2-mile radius, significantly broadening your reach.
• Academic Hub: Just a half-mile away sits the prestigious Thomas Jefferson University (with over 7,900 students), renowned for its leading medical and health sciences programs. Within a 2-mile radius, you’ll find the vibrant campuses of Drexel University (enrolling over 22,000 students) known for its innovative engineering and technology programs, and the world-renowned University of Pennsylvania (with more than 23,500 students), a leader in law, business, and medicine. These top-ranked institutions create a dynamic hub of intellectual energy. This translates to a thriving student population that presents a valuable and dynamic customer base for your development.
• Unparalleled Location in America’s Birthplace: This prime corner places your development at the epicenter of a thriving tourist hub. The country’s first World Heritage City, Philadelphia is also the birthplace of the United States, where our Founding Fathers met, discussed, debated, and formed a new country. Lucky for 21st-century visitors, so much of Philadelphia’s history has been preserved. Imagine the possibilities – a boutique hotel steps away from iconic landmarks, high-end retail capturing visitor attention, or a vibrant mixed-use space catering to both residents and tourists.