Retail
New
For Sale
$1,800,000
344-348 SOUTH STREET, Philadelphia, PA 19147
Philadelphia 30th Street commuter rail is a six-minute drive from the property.
Property Size4,872 SF
Price / SF$369.46
Days on Market6
Property Features for 344-348 SOUTH STREET
General Information
Standard status
Active
Size
4,872 SF
Property subtype
Commercial
Building Details
Year Built
1900
Listing Agency:
National Realty Old City LLC - PA
(215) 625-3989
Listed By:
Billy Creagh · License #RM424688
(267) 439-6926
Source:
Cummingsrealtors
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 3:14AM
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
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Investment Insights
Based on property information with market context.
The retail property at 344-348 South Street in Philadelphia contains 4,872 SF and was built in 1900. The space previously housed Copabanana Restaurant.
Nearby food and beverage businesses include Jim's Steaks, Nora's Kitchen, Redcrest Kitchen, and Lucky's Last Chance. Philadelphia 30th Street commuter rail is a six-minute drive away.
Nearby food and beverage businesses include Jim's Steaks, Nora's Kitchen, Redcrest Kitchen, and Lucky's Last Chance. Philadelphia 30th Street commuter rail is a six-minute drive away.
Key Highlights
- 4,872 SF of retail space
- Built in 1900
- Former home of Copabanana Restaurant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,064
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,101,280
$1.1M
Cap Rate 7%
$786,629
$786.6K
Cap Rate 9%
$611,822
$611.8K
Market Conditions
NOI Build-Up for 4,872 SF
Gross rent
$87.7K $18.00/SF
− Vacancy
−$9.0K −$1.85/SF
EGI
$78.7K $16.15/SF
− OpEx
−$23.6K −$4.84/SF
NOI
$55.1K $11.30/SF
Area
Philadelphia, PA
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,101,280
Cap Rate 7%
$786,629
Cap Rate 9%
$611,822
Alternative Uses
Best Use
Retail
$786.6K
$688.3K – $917.7K
NOI $55,064 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
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 authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
9,041
Businesses Nearby
91k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 55%
Dining 19%
Hotels & Casinos 16%
Shops & Services 8%
Whole Foods Market
Groceries
37,607 visits/mo
0.5 miles
Philadelphia Marriott Old City
Hotels & Casinos
14,972 visits/mo
0.5 miles
ACME Markets
Groceries
12,615 visits/mo
0.2 miles
Kung Fu Tea
Dining
7,072 visits/mo
0.5 miles
TD Bank
Shops & Services
6,416 visits/mo
0.2 miles
Demographics for 19147, PA
41,096
Population
20,735
Households
2
Avg Household Size
36
Median Age
69%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
31,612
Density / Sq Mi
$104,190
Median Household Income
$71,905
Median Earnings
$1,679
Median Rent
$524,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Retail space - Philadelphia 30th Street commuter rail is a six-minute drive from the property.
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 $1,800,000.
What are key features of this property?
This property features: 4,872 SF of retail space; Built in 1900; Former home of Copabanana Restaurant
