Storefront Business with D
New
For Sale
$719,000
1107-09 Race Street, Philadelphia, PA 19107
The sale covers business assets only, with the landlord open to negotiating a new lease.
Property Size3,840 SF
Price / SF$187.24
Days on Market2
Property Features for 1107-09 Race Street
General Information
Standard status
Active
Size
3,840 SF
Property subtype
Business Opportunity
Zoning
CMX4
Site & Location
Neighborhood
Center City
Taxes and HOA fees
Annual Taxes
$8,062
Amenities
Concrete
Natural Gas
Yes
Natural Gas,Electric
2
D (Distributor) License,Business Assets,Furniture,Fixtures,Equipment,New Lease.
Public
LC0
42.00 x 110.00
0.13
No
Assessor
Parking Lot
6
3840.00
172800.00
1
7
Building Details
Building Size
3,840 SF
Year Built
1920
Listing Agency:
Keller Williams Realty
(856) 321-1212
Listed By:
Paul P Cheng · License #AB068536
(215) 327-1722
Source:
Mullenrealty
Added: Nov 5
Changed: Nov 6
Last Checked: Nov 6 at 1:38AM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
The business asset sale includes a D Distributor Liquor License and furnishings, fixtures, and equipment. The 3,840-square-foot premises has an open retail counter, walk-in cooler, wholesale shelving, storage, and a rear drive-in loading door. Upstairs, a former dining area is paired with food-preparation space and a restroom; this level currently requires work. Real estate is not part of the sale.
At 1107-09 Race Street in Chinatown, Center City, the storefront is across from the Convention Center and near Reading Terminal Market. The landlord is willing to negotiate a new lease with the buyer.
At 1107-09 Race Street in Chinatown, Center City, the storefront is across from the Convention Center and near Reading Terminal Market. The landlord is willing to negotiate a new lease with the buyer.
Key Highlights
- D Distributor Liquor License included with the business assets
- 3,840‑square‑foot premises with open retail counter, cooler, wholesale shelving, and storage
- Rear drive‑in loading door for deliveries
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,400
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$868,000
$868.0K
Cap Rate 7%
$620,000
$620.0K
Cap Rate 9%
$482,222
$482.2K
Market Conditions
NOI Build-Up for 3,840 SF
Gross rent
$69.1K $18.00/SF
− Vacancy
−$7.1K −$1.85/SF
EGI
$62.0K $16.15/SF
− OpEx
−$18.6K −$4.84/SF
NOI
$43.4K $11.30/SF
Area
Philadelphia, PA
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$868,000
Cap Rate 7%
$620,000
Cap Rate 9%
$482,222
Alternative Uses
Best Use
Retail
$620.0K
$542.5K – $723.3K
NOI $43,400 @ 7.0% cap · market cap 6.04%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$936.1K
$819.1K – $1.09M
NOI $65,529 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
23,613
Businesses Nearby
152k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 58%
Dining 35%
Shops & Services 5%
Home Improvements & Furnishings 3%
The Ritz-Carlton, Philadelphia
Hotels & Casinos
30,824 visits/mo
0.4 miles
Starbucks
Dining
16,511 visits/mo
0.2 miles
Four Points by Sheraton Philadelphia City Center Hotel
Hotels & Casinos
15,625 visits/mo
0.0 miles
Sheraton Philidelphia
Hotels & Casinos
15,588 visits/mo
0.4 miles
Ocean Prime
Dining
15,550 visits/mo
0.5 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Philadelphia, PA
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Frequently Asked Questions
What type of property is this?
Storefront property - The sale covers business assets only, with the landlord open to negotiating a new lease.
Where is this storefront property located?
The property is located at 1107-09 Race Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $719,000.
What are key features of this property?
This property features: D Distributor Liquor License included with the business assets; 3,840‑square‑foot premises with open retail counter, cooler, wholesale shelving, and storage; Rear drive‑in loading door for deliveries
