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Turnkey Restaurant Space on Walnut
For Lease
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1425 Walnut St, Philadelphia, PA 19102

Restaurant space in Philadelphia's Rittenhouse Row available for rent.

Space Size2,916 SF
Days on Market173

Property Features for 1425 Walnut St

General Information

Standard status Active
Size 2,916 SF
Property subtype Retail, Restaurant
Lease Type NNN

Building Details

Tenancy Single

Spaces For Lease

at 1425 Walnut St Contact us

Available Space

Size
2,916 SF
Type
Restaurant, Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Allan Domb Real Estate
Listed By: Allan Domb · License #RB043135A
Source: Crexi
Added: Mar 16 Changed: Aug 28 Last Checked: Sep 1 at 3:18AM

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 Allan Domb Real Estate

Investment Insights

Based on property information with market context.

This turnkey restaurant space is located along Philadelphia's Rittenhouse Row. The ground floor provides 2916 square feet of space, complemented by an additional 1905 square feet on the lower level. The ground floor features ceilings that exceed 12 feet in height. The property benefits from significant visibility, enhanced by an extra-wide floor-to-ceiling storefront that overlooks Walnut Street. The location is situated steps from The Avenue of the Arts and three blocks from Rittenhouse Square.

Key Highlights

  • Prime Rittenhouse Row location on Walnut Street
  • Turnkey restaurant space ready for immediate operation
  • Large space: 2916 sq ft on ground floor plus 1905 sq ft on lower level

Property Analytics

Current Use

Digital Force Agency Advertising Agency The Law Office of Fabian ... Law Firm Freundlich & Littman, LLC Law Firm Brotherly Law Law Firm Le Pain Quotidien Restaurant

Suggested Use

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

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
$13.95 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

25,331
Businesses Nearby
274k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 40% Apparel 25% Shops & Services 16% Hotels & Casinos 14%
The Ritz-Carlton, Philadelphia Hotels & Casinos
30,824 visits/mo 0.3 miles
Starbucks Dining
22,463 visits/mo 0.3 miles
UNIQLO Apparel
20,066 visits/mo 0.2 miles
Starbucks Dining
16,511 visits/mo 0.5 miles
Ocean Prime Dining
15,550 visits/mo 0.1 miles

Demographics for 19102, PA

7,568
Population
4,606
Households
1.6
Avg Household Size
32
Median Age
87%
College-Educated
98%
High-School Grad
0.2 sq mi
ZIP Area
37,840
Density / Sq Mi
$114,844
Median Household Income
$79,552
Median Earnings
$2,249
Median Rent
$412,200
Median Home Value

Market

Lease Benchmarks for Philadelphia, PA

$31.35 /SF/Yr
Avg Asking Price
$17.5–$48.89 /SF/Yr
Price Range
5,440 SF
Avg Space Size

This space is priced 197% above the average of $31.35 /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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Restaurant space in Philadelphia's Rittenhouse Row available for rent.
Where is this conventional restaurant located?
The property is located at 1425 Walnut St Philadelphia, PA.
What is the lease rate?
The lease rate is $93 SF/Yr.
What are key features of this property?
This property features: Prime Rittenhouse Row location on Walnut Street; Turnkey restaurant space ready for immediate operation; Large space: **2916 sq ft on ground floor plus 1905 sq ft on lower level**
(215) 545-1500 Call to check price and availability
More about this property
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