Two-Story Restaurant
208 South 13th Street, Philadelphia, PA 19107
For Sale
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A net-leased restaurant occupies a corner at South 13th and Chancellor Streets in Midtown Village.
Property Size4,464 SF
Price / SF$672.04
Days on Market8
Property Features for 208 South 13th Street
General Information
Standard status
Size
Property subtype
Net Operating Income
Site & Location
Neighborhood
Additional Details
Cap Rate
Tenant in Place
Amenities
retractable glass roof
glass storefronts
Building Details
Year Built
Stories
Listing Agency:
CBRE - Philadelphia Suburban
Listed By:
Michael Shover · License #PA RS297166
(215) 806-0654
Source:
Crexi
Added: Nov 2
Changed: Nov 8
Last Checked: Nov 8 at 5:14PM
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 CBRE - Philadelphia Suburban
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Investment Insights
Based on property information with market context.
This two-story restaurant property contains 4,464 square feet and was built in 2017. Its design includes glass storefronts and a retractable glass roof. Savú, Inc., operated by HI-DEF Hospitality, is the tenant, with a personal guaranty from Baron Herder.
The building stands at the intersection of South 13th and Chancellor Streets in Midtown Village, Center City Philadelphia. The lease carries a 7.00% cap rate, 3% annual rent increases, and two five-year renewal options.
The building stands at the intersection of South 13th and Chancellor Streets in Midtown Village, Center City Philadelphia. The lease carries a 7.00% cap rate, 3% annual rent increases, and two five-year renewal options.
Key Highlights
- 4,464‑square‑foot restaurant building completed in 2017
- Two‑story layout with glass storefronts and a retractable glass roof
- At the corner of South 13th and Chancellor Streets in Midtown Village
Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
26,359
Businesses Nearby
339k
Monthly Visits Nearby
Under-served
Demand for This Use
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
$452,500
Median Home Value
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Market
Average Price Trend$/SF for Conventional restaurants in Philadelphia, PA
Properties on Market for Conventional restaurants in Philadelphia
Vacancy Rate% for Retail in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A net-leased restaurant occupies a corner at South 13th and Chancellor Streets in Midtown Village.
Where is this conventional restaurant located?
The property is located at 208 South 13th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 4,464‑square‑foot restaurant building completed in 2017; Two‑story layout with glass storefronts and a retractable glass roof; At the corner of South 13th and Chancellor Streets in Midtown Village
