Restaurant Retail Space with Kitchen
New
For Sale
$1,450,000
1111-13 WALNUT Street, Philadelphia, PA 19107
Commercial Sale, PHILADELPHIA, PA
Property Size5,200 SF
Lot Size0.12 Acres
Price / SF$278.85
Days on Market1
Property Features for 1111-13 WALNUT Street
General Information
Property type
Other
Property subtype
Retail
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
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
12936
Amenities
existing hoods
walk-ins
16-line tap system
high ceilings
existing office bathrooms
floor-to-ceiling windows
rear loading
trash
Building Details
Year built
1900
Listing Agency:
Mallin Panchelli Nadel Realty Inc
Listed By:
Veronica Gintel Blum · License #RS290724
(215) 413-4900
Added: Oct 22
Last Checked: Oct 22 at 6:06PM
MLS# PAPH2683424
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.
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Investment Insights
Based on property information with market context.
This 5,200 +/- SF retail space includes a lower level, bathrooms, an office, and support areas. Existing food-service improvements include hoods, walk-ins on both floors, and a 16-line tap system. High ceilings and floor-to-ceiling windows complement the space, with multiple layout possibilities and the potential for outdoor dining. The property is zoned CMX-5.
The Walnut Street frontage measures 38 feet and features double-wide glass. Rear loading and trash access are also available. PATCO stations at 9th & Locust and 13th & Locust serve the area, which is surrounded by Jefferson Hospital and active retail uses.
The Walnut Street frontage measures 38 feet and features double-wide glass. Rear loading and trash access are also available. PATCO stations at 9th & Locust and 13th & Locust serve the area, which is surrounded by Jefferson Hospital and active retail uses.
Key Highlights
- 5,200 +/- SF, including lower level
- 38 feet of double‑wide glass frontage on Walnut Street
- Existing hoods, with walk‑ins on the first floor and basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,348
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,506,960
$1.5M
Cap Rate 7%
$1,076,400
$1.1M
Cap Rate 9%
$837,200
$837.2K
Market Conditions
NOI Build-Up for 5,200 SF
Gross rent
$109.2K $21.00/SF
− Vacancy
−$8.7K −$1.68/SF
EGI
$100.5K $19.32/SF
− OpEx
−$25.1K −$4.83/SF
NOI
$75.3K $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 Rate 5%
$1,506,960
Cap Rate 7%
$1,076,400
Cap Rate 9%
$837,200
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 authorities.
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Current Use
Lease Details
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
25,174
Businesses Nearby
231k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 33%
Groceries 25%
Hotels & Casinos 20%
Apparel 15%
Whole Foods Market
Groceries
37,607 visits/mo
0.4 miles
The Ritz-Carlton, Philadelphia
Hotels & Casinos
30,824 visits/mo
0.3 miles
ACME Markets
Groceries
20,427 visits/mo
0.4 miles
UNIQLO
Apparel
20,066 visits/mo
0.5 miles
Starbucks
Dining
16,511 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Retail space - Existing food-service infrastructure includes hoods, walk-ins, and a multi-line tap system.
Where is this retail space 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, including lower level; 38 feet of double‑wide glass frontage on Walnut Street; Existing hoods, with walk‑ins on the first floor and basement
