Prime Location Mixed-Use Development
For Sale
Contact for pricing
1326 Walnut St, Philadelphia, PA
Development site near restaurants, transportation, and cultural centers.
Property Size4,950 SF
Lot Size0.03 Acres
Price / SF$252.53
Days on Market1246
Property Features for 1326 Walnut St
General Information
Standard status
Active
Size
4,950 SF
Lot size
0.03 Acres
Property subtype
RETAIL
Site & Location
Neighborhood
Center City
Listing Agency:
Binswanger - Corporate
(215) 448-6000
Listed By:
Chris Pennington
(215) 448-6053
Source:
Moodyscre
Added: Jun 7, 2023
Changed: Oct 25
Last Checked: Nov 3 at 8:11AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$58,806
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,176,120
$1.2M
Cap Rate 7%
$840,086
$840.1K
Cap Rate 9%
$653,400
$653.4K
Market Conditions
NOI Build-Up for 4,950 SF
Gross rent
$106.9K $21.60/SF
− Vacancy
−$12.8K −$2.59/SF
EGI
$94.1K $19.01/SF
− OpEx
−$35.3K −$7.13/SF
NOI
$58.8K $11.88/SF
Area
Philadelphia, PA
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,176,120
Cap Rate 7%
$840,086
Cap Rate 9%
$653,400
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.
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
26,359
Businesses Nearby
339k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Apparel 19%
Groceries 17%
Shops & Services 13%
Whole Foods Market
Groceries
37,607 visits/mo
0.5 miles
The Ritz-Carlton, Philadelphia
Hotels & Casinos
30,824 visits/mo
0.2 miles
Starbucks
Dining
22,463 visits/mo
0.4 miles
ACME Markets
Groceries
20,427 visits/mo
0.4 miles
UNIQLO
Apparel
20,066 visits/mo
0.3 miles
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
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
