Retail Space Formerly
344-348 South Street Philadelphia, PA 19147
344-348 South Street, Philadelphia, PA, 19147
$1,799,999
For Sale
$1,799,999
Retail space with former Copabanana Restaurant use, totaling 4,872 SF on South Street in Philadelphia.
Property Size4,872 SF
Price / SF$369.46
Days on Market186
Property Features for 344-348 South Street
General Information
- Standard status
- Active
- Size
- 4,872 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1900
Listing agency
National Realty Old City LLC - PA
(267) 439-6926
Listed by
Billy Creagh · License #RM424688
(267) 439-6926
Source
Xome
Added: Jan 17 Updated: Jul 22 at 10:59AM Checked: Jul 22 at 10:59AM
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 National Realty Old City LLC - PA
Investment Insights
Based on property information with market context.
This retail space totals 4,872 SF at 344-348 South Street and was formerly home to the Copabanana Restaurant. The property is presented for sale by a motivated seller offering flexible financing availability.
The location is described as being in a highly visible, busy corridor with walkable and bikeable access. The remarks also note proximity to major highways and a roughly six-minute drive to the Philadelphia 30th St Commuter Rail. Nearby dining establishments referenced in the listing include Jim’s Steaks, Nora's Kitchen, Redcrest Kitchen, and Lucky's Last Chance.
For buyers seeking a retail-oriented asset with established restaurant history, this offering provides a central Philadelphia address and a flexible financing proposition from the seller.
The location is described as being in a highly visible, busy corridor with walkable and bikeable access. The remarks also note proximity to major highways and a roughly six-minute drive to the Philadelphia 30th St Commuter Rail. Nearby dining establishments referenced in the listing include Jim’s Steaks, Nora's Kitchen, Redcrest Kitchen, and Lucky's Last Chance.
For buyers seeking a retail-oriented asset with established restaurant history, this offering provides a central Philadelphia address and a flexible financing proposition from the seller.
Key Highlights
- 4,872 SF retail space at 344‑348 South St in Philadelphia, formerly used as the Copabanana Restaurant
- Zoning: CMX‑3
- Cooling listed as A/C - Other; Heating listed as 3
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $102.3k | $21.00 |
| − Vacancy | −$8.2k | −$1.68 |
| EGI | $94.1k | $19.32 |
| − OpEx | −$23.5k | −$4.83 |
| NOI | $70.6k | $14.49 |
4,872 SF · lease $21.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.01M
$882.4K – $1.18M
NOI $70,595 @ 7.0% cap · market cap 3.92%
Second Best
Retail
$786.6K
$688.3K – $917.7K
NOI $55,064 @ 7.0% cap · market cap 3.06%
Theoretical Best
Multifamily LT 5
$1.19M
$1.04M – $1.39M
NOI $83,140 @ 7.0% cap · market cap 4.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail space with former Copabanana Restaurant use, totaling 4,872 SF on South Street in Philadelphia.
Where is this retail space located?
The property is located at 344-348 South Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,799,999.
What are key features of this property?
This property features: 4,872 SF retail space at 344‑348 South St in Philadelphia, formerly used as the Copabanana Restaurant; Zoning: CMX‑3; Cooling listed as A/C - Other; Heating listed as 3
