Prime Location Mixed-Use Development
1326 Walnut St Philadelphia, PA
For Sale
Contact for pricing
Development site near restaurants, transportation, and cultural centers.
Property Size4,950 SF
Lot Size0.03 Acres
Price / SF$252.53
Days on Market1149
Property Features for 1326 Walnut St
General Information
Standard status
Active
Size
4,950 SF
Lot size
0.03 Acres
Property subtype
RETAIL
Listing Agency:
Binswanger - Corporate
(215) 448-6053
Listed By:
Chris Pennington
(215) 448-6053
Source:
Moodyscre
Added: Jun 7, 2023
Changed: Jul 6
Last Checked: Jul 21 at 5:20AM
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 Binswanger - Corporate
Investment Insights
Based on property information with market context.
This 4,950 square foot property is suitable for commercial mixed-use or multifamily development by right. The site benefits from a prominent street location in an area with ongoing commercial and residential development. It is situated within one block of popular restaurants and Broad Street, offering convenient access to the Broad Street Line and bus stations. The property is also located within minutes of a major hospital system and within walking distance of prominent cultural art centers. The property features an elevator and is sealed and dry. There is no historic zoning.
Key Highlights
- Prime location with commercial and residential development in the area
- Can build commercial mixed‑use or all multifamily units by right
- No historic zoning restrictions
Financial Insights For Mixed Use
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 | $106.9k | $21.60 |
| − Vacancy | −$12.8k | −$2.59 |
| EGI | $94.1k | $19.01 |
| − OpEx | −$35.3k | −$7.13 |
| NOI | $58.8k | $11.88 |
4,950 SF · lease $21.60/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$840.1K
$735.1K – $980.1K
NOI $58,806 @ 7.0% cap · market cap 4.70%
Second Best
Retail
$799.2K
$699.3K – $932.4K
NOI $55,946 @ 7.0% cap · market cap 4.48%
Theoretical Best
Multifamily LT 5
$1.21M
$1.06M – $1.41M
NOI $84,471 @ 7.0% cap · market cap 6.76%
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?
Retail property - Development site near restaurants, transportation, and cultural centers.
Where is this retail property located?
The property is located at 1326 Walnut St Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Prime location with commercial and residential development in the area; Can build commercial mixed‑use or all multifamily units by right; No historic zoning restrictions
