Restaurant-Ready Retail
For Sale
$1,450,000
1111-13 WALNUT STREET, Philadelphia, PA 19107
Divisible 5,200+/- SF storefront with 38’ double-wide glass frontage and existing restaurant FF&E, including hood and walk-ins.
Property Size5,200 SF
Price / SF$278.85
Days on Market95
Property Features for 1111-13 WALNUT STREET
General Information
Standard status
Active
Size
5,200 SF
Property subtype
Retail
Zoning
CMX-5
Site & Location
Neighborhood
Center City
Additional Details
Commercial Hood
Yes
Taxes and HOA fees
Annual Taxes
$12,936
Building Details
Building Size
5,200 SF
Year Built
1900
Listing Agency:
Mallin Panchelli Nadel Realty Inc
Listed By:
Veronica Gintel Blum · License #RS290724
(215) 413-4900
Source:
Patmckennarealtors
Added: Jul 24
Changed: Oct 26
Last Checked: Oct 24 at 9:07PM
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
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Investment Insights
Based on property information with market context.
Restaurant-ready retail storefront offering approximately 5,200+/- SF with divisibility. The space features high ceilings, floor-to-ceiling windows, and multiple design and layout options, along with existing office and bathrooms. Restaurant infrastructure is already in place, including an existing hood, walk-ins located in the basement, and a 16-line tap system.
The property includes rear loading and trash. With its 38’ of double-wide glass frontage on Walnut Street and the existing configuration, the space also presents potential for outdoor dining.
Zoning is CMX-5. The surrounding area includes several active and planned developments, and Patco Subway stops are identified at 9th & Locust and 13th & Locust.
The property includes rear loading and trash. With its 38’ of double-wide glass frontage on Walnut Street and the existing configuration, the space also presents potential for outdoor dining.
Zoning is CMX-5. The surrounding area includes several active and planned developments, and Patco Subway stops are identified at 9th & Locust and 13th & Locust.
Key Highlights
- Divisible 5,200+/- SF storefront with 38’ double‑wide glass frontage on Walnut Street
- Existing restaurant FF&E in place, including hood and basement walk‑ins
- 16‑line tap system in place with potential for outdoor dining
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
Balanced
Demand for This Use
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
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Frequently Asked Questions
What type of property is this?
Storefront property - Divisible 5,200+/- SF storefront with 38’ double-wide glass frontage and existing restaurant FF&E, including hood and walk-ins.
Where is this storefront property 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: Divisible 5,200+/- SF storefront with 38’ double‑wide glass frontage on Walnut Street; Existing restaurant FF&E in place, including hood and basement walk‑ins; 16‑line tap system in place with potential for outdoor dining
