Second-Generation Restaurant Retail
1111-13 Walnut Street Philadelphia, PA 19107
For Sale
$1,450,000
Restaurant-ready storefront with substantial glass frontage, existing kitchen systems, and flexible interior layout options.
Property Size5,200 SF
Price / SF$278.85
Days on Market232
Property Features for 1111-13 Walnut Street
General Information
Standard status
Active
Size
5,200 SF
Property subtype
Retail
Building Details
Year Built
1900
Listing Agency:
Mallin Panchelli Nadel Realty Inc
(215) 413-4900
Listed By:
Veronica Gintel Blum · License #RS290724
(215) 413-4900
Source:
Xome
Added: Dec 10, 2025
Changed: Jul 10
Last Checked: Jun 14 at 1:41AM
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 Mallin Panchelli Nadel Realty Inc
Investment Insights
Based on property information with market context.
This offering is a 5,200 +/- SF restaurant-ready storefront that includes a lower level, bathrooms, an office, and support space. The space is configured with high ceilings, floor-to-ceiling windows, and multiple design or layout options. Existing improvements include restaurant FF&E such as hoods and walk-ins on the first floor and basement, along with a 16-line tap system in place.
The property has approximately 38’ of double-wide glass frontage on Walnut Street and is set up for street-level retail presence. Rear loading and trash service are available to support day-to-day operations.
Zoned CMX-5, the space is positioned for a strong fit for a second-generation restaurant operator seeking an interior that already includes major kitchen components and supporting rooms. The existing office and bathrooms can support staff and customer needs, while the building’s interior volume and window lines may also support concepts that contemplate outdoor dining, subject to applicable approvals. Nearby activity includes Jefferson Hospital and other retail traffic generated by the surrounding commercial environment, with Patco Subway stops at 9th & Locust and 13th & Locust.
The property has approximately 38’ of double-wide glass frontage on Walnut Street and is set up for street-level retail presence. Rear loading and trash service are available to support day-to-day operations.
Zoned CMX-5, the space is positioned for a strong fit for a second-generation restaurant operator seeking an interior that already includes major kitchen components and supporting rooms. The existing office and bathrooms can support staff and customer needs, while the building’s interior volume and window lines may also support concepts that contemplate outdoor dining, subject to applicable approvals. Nearby activity includes Jefferson Hospital and other retail traffic generated by the surrounding commercial environment, with Patco Subway stops at 9th & Locust and 13th & Locust.
Key Highlights
- 5,200 +/- SF space with a lower level plus bathrooms, office, and support space
- 38' double‑wide glass frontage on Walnut Street with floor‑to‑ceiling windows
- Restaurant‑ready with existing FF&E including hoods and walk‑ins on the first floor and basement
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
Industrial
$545.4K
$477.2K – $636.3K
NOI $38,176 @ 7.0% cap · market cap 2.63%
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant-ready storefront with substantial glass frontage, existing kitchen systems, and flexible interior layout options.
Where is this conventional 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: 5,200 +/- SF space with a lower level plus bathrooms, office, and support space; 38' double‑wide glass frontage on Walnut Street with floor‑to‑ceiling windows; Restaurant‑ready with existing FF&E including hoods and walk‑ins on the first floor and basement
