Listing Agency: Philadelphia

Listed By: Larry Steinberg · License #RB065930 Show Phone

Source: Colliers

Added: Apr 1 Changed: Aug 24 Last Checked: Sep 7 at 4:35AM

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Investment Insights

Based on property information with market context.

This commercial property offers 3,550 square feet of retail space, complemented by a full basement. The property features a 20-foot frontage on Walnut Street, situated in Center City.

Key Highlights

• Prime Center City Retail Location on Walnut Street
• 3,550 SF of Retail Space**
• Full Basement Included

Property Analytics

Property Profile

Current Use

Mitchell & Ness Nostalgia ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Tanning Salon (Bike/Boat/Book/etc) Store Clothing & Fashion Store Pet Grooming Service Veterinary Clinic Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$1.80 /SF/Yr

CAM

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

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

Market

Lease Benchmarks for Philadelphia, PA

$23.28 /SF/Yr

Avg Asking Price

$3.32–$100 /SF/Yr

Price Range

7,465 SF

Avg Space Size

This space is priced 48% below the average of $23.28 /SF/Yr.

Vacancy Rate% for Retail in Philadelphia, PA

6.7% 2019

8.2% 2020

7.8% 2021

6.6% 2022

6.2% 2023

5.5% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this retail space located? What is the lease rate? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - 3,550 SF retail space with full basement on Walnut Street.

Where is this retail space located?

The property is located at 1306 Walnut St Philadelphia, PA.

What is the lease rate?

The lease rate is $3,550/Mo.

What are key features of this property?

This property features: Prime Center City Retail Location on Walnut Street; 3,550 SF of Retail Space**; Full Basement Included