Manayunk Commercial Opportunity on
For Sale
$995,000
4348-50 MAIN Street, Philadelphia, PA 19127
Commercial Sale - PHILADELPHIA, PA
Property Size5,000 SF
Lot Size0.05 Acres
Price / SF$199
Days on Market361
Property Features for 4348-50 MAIN Street
General Information
Property type
Other
Property subtype
Retail
Subdivision
MANAYUNK
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
5,000 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
7483
Building Details
Year built
1900
Building materials
Masonry
Listing Agency:
Mallin Panchelli Nadel Realty Inc
(215) 413-4900
Listed By:
Veronica Gintel Blum · License #RS290724
(215) 413-4900
Added: Sep 3, 2025
Changed: Jun 9
Last Checked: Aug 29 at 2:06PM
MLS# PAPH2533944
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.
Investment Insights
Based on property information with market context.
Located in the Manayunk neighborhood of Philadelphia, 4348-50 Main Street offers 5,000 square feet of usable space across three floors. Situated along the Main Street commercial corridor, the property benefits from its proximity to numerous restaurants, bars, coffee shops, and specialty retail establishments. Formerly home to Hikaru sushi restaurant, the building is currently in shell condition but retains some restaurant infrastructure. This property presents an opportunity for a food and beverage owner/operator to establish their concept within Manayunk's dining scene. The building could potentially be redeveloped into a mixed-use or multifamily investment property, especially with several high and low-density projects proposed and under construction in the neighborhood. The property is located within the Manayunk Main Street Historical District. The Manayunk Development Corp has several fully funded revitalization projects planned, including new streetscape lighting, an $18 million canal reinvigoration project, and toe path improvements. The City of Philadelphia also provides funding to help businesses improve the exterior of their commercial storefronts. The lot size is 0.0461 acres.
Key Highlights
- Prime location on Main Street in the high‑traffic Manayunk commercial corridor, surrounded by restaurants, bars, and retail.
- 5,000 sq ft of usable space over three floors, suitable for various business concepts.
- Potential redevelopment opportunity for mixed‑use or multifamily investment, given ongoing development projects in the area.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$72,450
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,449,000
$1.4M
Cap Rate 7%
$1,035,000
$1.0M
Cap Rate 9%
$805,000
$805.0K
Market Conditions
NOI Build-Up for 5,000 SF
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.
Gross rent
$105.0K $21.00/SF
− Vacancy
−$8.4K −$1.68/SF
EGI
$96.6K $19.32/SF
− OpEx
−$24.2K −$4.83/SF
NOI
$72.5K $14.49/SF
Area
Philadelphia, PA
Vacancy
8.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,449,000
Cap Rate 7%
$1,035,000
Cap Rate 9%
$805,000
Alternative Uses
Best Use
Specialty Retail
$1.04M
$905.6K – $1.21M
NOI $72,450 @ 7.0% cap · market cap 7.28%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.22M
$1.07M – $1.42M
NOI $85,324 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,360
Businesses Nearby
21k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 86%
Dining 14%
7-Eleven
Shops & Services
8,360 visits/mo
0.3 miles
Sunoco
Shops & Services
4,903 visits/mo
0.3 miles
Insomnia Cookies
Dining
3,023 visits/mo
0.1 miles
Extra Space Storage
Shops & Services
1,795 visits/mo
0.4 miles
Enterprise Rent-A-Car
Shops & Services
1,568 visits/mo
0.4 miles
Demographics for 19127, PA
6,929
Population
3,496
Households
2
Avg Household Size
29
Median Age
77%
College-Educated
98%
High-School Grad
0.6 sq mi
ZIP Area
11,548
Density / Sq Mi
$99,792
Median Household Income
$73,061
Median Earnings
$1,765
Median Rent
$298,900
Median Home Value
Market
Vacancy Rate% for Retail in Philadelphia, PA
Questions? Ask Rey
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Similar Off Market Nearby
- Greater Valley Forge Picnic — 26 Rock Hill Rd, Bala Cynwyd, PA 19004
- Company's Coming Catering — 3989 Terrace St, Philadelphia, PA 19128
- fitch's — 4518 Ritchie St, Philadelphia, PA 19127
- DiAntonio's Catering — 228 Krams Ave, Philadelphia, PA 19127
Frequently Asked Questions
What type of property is this?
Restaurant - 5,000 SF property in Philadelphia's Manayunk neighborhood.
Where is this restaurant located?
The property is located at 4348-50 MAIN Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Prime location on Main Street in the high‑traffic Manayunk commercial corridor, surrounded by restaurants, bars, and retail.; 5,000 sq ft of usable space over three floors, suitable for various business concepts.; Potential redevelopment opportunity for mixed‑use or multifamily investment, given ongoing development projects in the area.
