1215 Race St, Philadelphia, PA, 19107

1215 Race St Philadelphia, PA 19107

1215 Race St, Philadelphia, PA, 19107
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FOR SALE Auction Property
Property Type:
Free Standing Building
Last Verified:
Oct 30, 2025

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Highlights

  • Located across from the Philadelphia Convention Center
  • CMX4 Zoning
  • 6000 sq ft
  • Will be delivered vacant (may or may not be delivered empty of contents)
  • Being Sold At Auction
  • Starting Bid is $225,000 THIS IS NOT THE SALES PRICE

Description

Prime Redevelopment Opportunity Across from the Pennsylvania Convention Center

For the past 83 years, 1215 Race Street has been home to a proud, family-run sign company, a testament to Philadelphia’s tradition of entrepreneurial grit. Now, this property is ready for its next chapter, offering investors, developers, and visionaries the chance to transform a cornerstone location in the heart of Center City.

Directly across from the Pennsylvania Convention Center, this building sits in one of the most coveted corridors of Philadelphia. The CMX-4 zoning unlocks extraordinary flexibility, allowing for significant redevelopment potential, from expanding square footage to upgrading the building’s use for mixed-use, retail, hospitality, or residential projects.

Rarely does a property combine such a storied legacy with untapped possibility. Whether you envision a boutique hotel steps from major conventions, a modern apartment building in a thriving downtown, or a flagship retail/restaurant destination, this site is positioned to deliver long-term value.

Highlights:

Located across from the Pennsylvania Convention Center

CMX-4 zoning with expansion and redevelopment potential

Family-owned for 83 years, first time available in decades

Surrounded by premier hotels, restaurants, and cultural landmarks

Exceptional opportunity for value-add investors and developers

This is more than a building, it’s a chance to write the next chapter in one of Philadelphia’s most dynamic neighborhoods.

6000 sq ft building with a lot size of 100x20. The building was built in 1940 and has CMX4 Zoning. The building sits directly across from the Pennsylvania Convention Center.


Year Built: 1940
Building Size: 6000sq ft
Lot Size: 0.05 acres

Map of 1215 Race St, Philadelphia, PA, 19107

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.