Prime Philadelphia Retail
1111-13 WALNUT Street, Philadelphia, PA 19107
Commercial Sale - PHILADELPHIA, PA
Type:Retail
Property size:
5,200 SFLot size:
0.12 AcresPrice / SF:
$278/SF- Added:
- Dec 29, 2025
- Days on Market:
- 153
- Last Refresh:
- May 31 at 4:06 am
Property Features for 1111-13 WALNUT Street
General Information
- Property type
- Other
- Property subtype
- Retail
- Rooms
- Basement
- Standard status
- Active
- Size
- 5,200 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Annual Amount
- 12936
Building Details
- Year built
- 1900
Listing agent Veronica Gintel Blum License #RS290724 (215) 413-4900
Listing office Mallin Panchelli Nadel Realty Inc 1601 Walnut Street unit: 900, Philadelphia, PA (215) 413-4900
Listing date Dec 29, 2025
MLS# PAPH2569860
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Great retail opportunity with 38' of double‑wide glass frontage on Walnut Street.
- High‑traffic location near Jefferson Hospital and active retail.
- 2nd generation restaurant potential with existing FF&E (hoods, walk‑ins, 16‑line tap system).
- Potential for outdoor dining.
- 5,200 +\/- SF including lower level, bathrooms, office, and support space.
- Convenient access to Patco Subway Stops (9th & Locust and 13th & Locust).
Overview
This commercial property offers approximately 5,200 square feet, including a lower level, bathrooms, office space, and support areas. It presents a retail opportunity with 38 feet of double-wide glass frontage on Walnut Street. The space has potential as a second-generation restaurant, featuring existing FF&E, including hoods, walk-ins on both the first floor and in the basement, and a 16-line tap system. There is also potential for outdoor dining. The property includes high ceilings, multiple design and layout options, existing office bathrooms, and floor-to-ceiling windows. Additional features include rear loading and trash access. The zoning is CMX-5. The property is located near Patco Subway stops at 9th & Locust and 13th and Locust, and is surrounded by Jefferson Hospital and active retail businesses.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $109.2k | $21.00 |
| − Vacancy | −$8.7k | −$1.68 |
| EGI | $100.5k | $19.32 |
| − OpEx | −$25.1k | −$4.83 |
| NOI | $75.3k | $14.49 |
5,200 SF · lease $21.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.08M
$941.9K – $1.26M
NOI $75,348 @ 7.0% cap · market cap 5.20%
Second Best
Retail
$839.6K
$734.6K – $979.5K
NOI $58,771 @ 7.0% cap · market cap 4.05%
Theoretical Best
Multifamily LT 5
$1.27M
$1.11M – $1.48M
NOI $88,737 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar Places Nearby
- Chef 2 The Max Eats — 727 S 2nd St #4F, Philadelphia, PA 19147
- Michael's Cafe/Home of Mary's Catering — 743 S 8th St, Philadelphia, PA 19147
- Tokio sushi truck — Broad and, Washington Ave, Philadelphia, PA 19147
- Chef2TheMax Catering — 727 S 2nd St, Philadelphia, PA 19147
- A.N.S. EVENTS & CATERING LLC — 121 737 Bainbridge St, Philadelphia, PA 19147
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.15958
- Latitude
- 39.94902
Nearby Similar for Sale
FAQs
What type of property is this?
Restaurant - 5,200 SF retail space with restaurant potential on Walnut Street.
Where is this restaurant located?
The property is located at 1111-13 WALNUT Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Great retail opportunity with **38' of double‑wide glass frontage on Walnut Street.**; High‑traffic location near Jefferson Hospital and active retail.; 2nd generation restaurant potential with existing FF&E (hoods, walk‑ins, 16‑line tap system).
