Restaurant Space with Commercial
For Sale
Contact for pricing
39-41 S 19TH STREET, Philadelphia, PA 19103
Multiple dining and bar areas, two entrances, dedicated restrooms, and a separate office complement the kitchen facilities.
Property Size6,875 SF
Price / SF$1.89
Days on Market9
Property Features for 39-41 S 19TH STREET
General Information
Standard status
Active
Size
6,875 SF
Property subtype
Commercial
Site & Location
Neighborhood
Center City
Building Details
Year Built
1910
Listing Agency:
Kurfiss Sotheby's International Realty
(215) 735-2225
Listed By:
Juliana Martell · License #1327330
(856) 366-0224
Source:
Cummingsrealtors
Added: Oct 16
Changed: Oct 23
Last Checked: Oct 23 at 9:24AM
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 Kurfiss Sotheby's International Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 6,875-square-foot restaurant space at 39-41 S. 19th Street includes multiple bar and seating areas, two separate entrances, dedicated restrooms, and a separate office. The commercial kitchen has two walk-in units, freezers, pizza ovens, stoves, additional ovens, and storage. The building dates to 1910.
The property is in Philadelphia’s Rittenhouse neighborhood, within Center City.
The property is in Philadelphia’s Rittenhouse neighborhood, within Center City.
Key Highlights
- 6,875‑square‑foot restaurant space at 39‑41 S. 19th Street
- Commercial kitchen with two walk‑in units, freezers, pizza ovens, stoves, and additional ovens
- Multiple bars and seating areas, plus dedicated restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,619
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,992,380
$2.0M
Cap Rate 7%
$1,423,129
$1.4M
Cap Rate 9%
$1,106,878
$1.1M
Market Conditions
NOI Build-Up for 6,875 SF
Gross rent
$144.4K $21.00/SF
− Vacancy
−$11.6K −$1.68/SF
EGI
$132.8K $19.32/SF
− OpEx
−$33.2K −$4.83/SF
NOI
$99.6K $14.49/SF
Area
Philadelphia, PA
Vacancy
8.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,992,380
Cap Rate 7%
$1,423,129
Cap Rate 9%
$1,106,878
Alternative Uses
Best Use
Specialty Retail
$1.42M
$1.25M – $1.66M
NOI $99,619 @ 7.0% cap · market cap 766.30%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.68M
$1.47M – $1.96M
NOI $117,321 @ 7.0% cap · market cap 902.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
19,139
Businesses Nearby
266k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 32%
Apparel 26%
Hotels & Casinos 25%
Shops & Services 13%
The Ritz-Carlton, Philadelphia
Hotels & Casinos
30,824 visits/mo
0.5 miles
Starbucks
Dining
22,463 visits/mo
0.2 miles
UNIQLO
Apparel
20,066 visits/mo
0.3 miles
The Logan Philadelphia, Curio Collection By Hilton
Hotels & Casinos
19,294 visits/mo
0.3 miles
Sheraton Philidelphia
Hotels & Casinos
15,588 visits/mo
0.4 miles
Demographics for 19103, PA
28,717
Population
20,064
Households
1.4
Avg Household Size
36
Median Age
81%
College-Educated
98%
High-School Grad
0.6 sq mi
ZIP Area
47,862
Density / Sq Mi
$97,940
Median Household Income
$76,680
Median Earnings
$1,955
Median Rent
$551,700
Median Home Value
Market
Vacancy Rate% for Retail in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Multiple dining and bar areas, two entrances, dedicated restrooms, and a separate office complement the kitchen facilities.
Where is this conventional restaurant located?
The property is located at 39-41 S 19TH STREET Philadelphia, PA.
What are key features of this property?
This property features: 6,875‑square‑foot restaurant space at 39‑41 S. 19th Street; Commercial kitchen with two walk‑in units, freezers, pizza ovens, stoves, and additional ovens; Multiple bars and seating areas, plus dedicated restrooms
