Storefront Restaurant
For Sale
Contact for pricing
Pending
1016 Race St, Philadelphia, PA 19107
Pop-up operation includes alcohol sales and is offered with a minimum five-year lease term plus one renewal option.
Property SizeContact for details
Days on Market147
Property Features for 1016 Race St
General Information
Standard status
Pending
Property subtype
Business for Sale
Additional Details
Business Included
Yes
Listing Agency:
OCF Realty
Listed By:
Jung Ahn · License #RS353392
(215) 735-7368
Source:
Crexi
Added: Apr 13
Changed: Aug 31
Last Checked: Sep 2 at 12:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of OCF Realty
Investment Insights
Based on property information with market context.
This storefront restaurant space is located in Philadelphia’s Chinatown and has a restaurant-use history, including a prior ten-year occupancy by The Halal Guys. The premises are currently being used for pop-up operations with alcohol sales.
The offering is structured as a business sale only. The lease includes a minimum five-year term and one option to renew, providing a defined occupancy framework for the next operator.
The offering is structured as a business sale only. The lease includes a minimum five-year term and one option to renew, providing a defined occupancy framework for the next operator.
Key Highlights
- Storefront restaurant space in Philadelphia’s Chinatown
- Previously occupied by The Halal Guys for 10 years
- Currently operating as a pop‑up space with alcohol sales
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
20,003
Businesses Nearby
68k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 55%
Dining 27%
Shops & Services 12%
Home Improvements & Furnishings 6%
Starbucks
Dining
16,511 visits/mo
0.3 miles
Four Points by Sheraton Philadelphia City Center Hotel
Hotels & Casinos
15,625 visits/mo
0.2 miles
Days Inn Philadelphia
Hotels & Casinos
7,783 visits/mo
0.2 miles
Best Western Plus Philadelphia Convention Center Hotel
Hotels & Casinos
7,284 visits/mo
0.3 miles
Sleep Inn
Hotels & Casinos
6,857 visits/mo
0.1 miles
Demographics for 19107, PA
17,600
Population
10,239
Households
1.7
Avg Household Size
32
Median Age
72%
College-Educated
92%
High-School Grad
0.5 sq mi
ZIP Area
35,200
Density / Sq Mi
$70,382
Median Household Income
$57,694
Median Earnings
$1,691
Median Rent
$452,500
Median Home Value
Market
Vacancy Rate% for Retail in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Pop-up operation includes alcohol sales and is offered with a minimum five-year lease term plus one renewal option.
Where is this conventional restaurant located?
The property is located at 1016 Race St Philadelphia, PA.
What are key features of this property?
This property features: Storefront restaurant space in Philadelphia’s Chinatown; Previously occupied by The Halal Guys for 10 years; Currently operating as a pop‑up space with alcohol sales
