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Retail Space with Double-Height Ceilings
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510-530 Walnut St, Philadelphia, PA 19106

Ground floor and mezzanine retail with double-height ceilings and flexibility to subdivide, plus additional lower-level storage.

Property Size2,456 SF
Days on Market906

Property Features for 510-530 Walnut St

General Information

Standard status Active
Size 2,456 SF
Property subtype RETAIL
Listing Agency: MSC Retail - Philadelphia
Listed By: Josh Weiss · License #RS306451
Source: Moodyscre
Added: Feb 6, 2024 Changed: Jul 29 Last Checked: Jul 30 at 12:52PM

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 MSC Retail - Philadelphia

Investment Insights

Based on property information with market context.

This retail offering features 41,000 SF of ground-floor and mezzanine space with flexibility to subdivide. An additional 12,000 SF of storage is available in the lower level, supporting back-of-house needs for retail operations.

The building presents a historic facade and an expansive interior layout highlighted by double-height ceilings reaching 29’. The space includes windows and doors throughout, creating an open, naturally lit environment.

Set at the corner of 6th and Walnut Streets, the property is directly across from Independence Hall and Washington Square. It also occupies the ground floor of The Washington, a 1M SF Class A office complex. The location is positioned to capture demand associated with the Independence Mall National Historic Park and related tourist destinations, with 5M annual visitors.

Key Highlights

  • 41,000 SF ground floor and mezzanine retail space with flexibility to subdivide
  • Additional 12,000 SF storage available in the lower level
  • Double‑height ceilings reach 29’

Property Analytics

Current Use

One Washington Square Condominium Complex AgroFresh Agricultural Service S & S Driving ... Construction Company Buckridge Stracke and Wiza Construction Company

Suggested Use

Top Pick Law Firm Electrical Service Building Supply HVAC Service Real Estate Agency (Bike/Boat/Book/etc) Store

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

Location Intelligence

Trade Area within ½ mile

2,527
Businesses Nearby
157k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 38% Shops & Services 30% Groceries 27% Hotels & Casinos 5%
Aldi Groceries
35,357 visits/mo 0.3 miles
McDonald's Dining
26,974 visits/mo 0.5 miles
Checkers Dining
13,397 visits/mo 0.2 miles
Sunoco Shops & Services
12,837 visits/mo 0.2 miles
Dunkin' Donuts Dining
11,056 visits/mo 0.3 miles

Demographics for 19106, PA

15,190
Population
9,913
Households
1.5
Avg Household Size
39
Median Age
80%
College-Educated
96%
High-School Grad
0.9 sq mi
ZIP Area
16,878
Density / Sq Mi
$129,779
Median Household Income
$93,953
Median Earnings
$2,219
Median Rent
$528,700
Median Home Value

Market

Lease Benchmarks for Philadelphia, PA

$23.66 /SF/Yr
Avg Asking Price
$0.94–$100 /SF/Yr
Price Range
3,242 SF
Avg Space Size

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
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Frequently Asked Questions

What type of property is this?
Retail space - Ground floor and mezzanine retail with double-height ceilings and flexibility to subdivide, plus additional lower-level storage.
Where is this retail space located?
The property is located at 510-530 Walnut St Philadelphia, PA.
What are key features of this property?
This property features: 41,000 SF ground floor and mezzanine retail space with flexibility to subdivide; Additional 12,000 SF storage available in the lower level; Double‑height ceilings reach 29’
(215) 883-7389 Call to check price and availability
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