Manayunk Commercial Opportunity on
4348-50 MAIN Street Philadelphia, PA 19127
For Sale
$995,000
Commercial Sale - PHILADELPHIA, PA
Property Size5,000 SF
Lot Size0.05 Acres
Price / SF$199
Days on Market326
Property Features for 4348-50 MAIN Street
General Information
- Property type
- Other
- Property subtype
- Retail
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7483
Building Details
- Year built
- 1900
- Building materials
- Masonry
Listing Agency:
Mallin Panchelli Nadel Realty Inc
(215) 413-4900
Listed By:
Veronica Gintel Blum · License #RS290724
(215) 413-4900
Added: Sep 3, 2025
Changed: Jun 9
Last Checked: Jul 25 at 8:06PM
MLS# PAPH2533944
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in the Manayunk neighborhood of Philadelphia, 4348-50 Main Street offers 5,000 square feet of usable space across three floors. Situated along the Main Street commercial corridor, the property benefits from its proximity to numerous restaurants, bars, coffee shops, and specialty retail establishments. Formerly home to Hikaru sushi restaurant, the building is currently in shell condition but retains some restaurant infrastructure. This property presents an opportunity for a food and beverage owner/operator to establish their concept within Manayunk's dining scene. The building could potentially be redeveloped into a mixed-use or multifamily investment property, especially with several high and low-density projects proposed and under construction in the neighborhood. The property is located within the Manayunk Main Street Historical District. The Manayunk Development Corp has several fully funded revitalization projects planned, including new streetscape lighting, an $18 million canal reinvigoration project, and toe path improvements. The City of Philadelphia also provides funding to help businesses improve the exterior of their commercial storefronts. The lot size is 0.0461 acres.
Key Highlights
- Prime location on Main Street in the high‑traffic Manayunk commercial corridor, surrounded by restaurants, bars, and retail.
- 5,000 sq ft of usable space over three floors, suitable for various business concepts.
- Potential redevelopment opportunity for mixed‑use or multifamily investment, given ongoing development projects in the area.
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 | $105.0k | $21.00 |
| − Vacancy | −$8.4k | −$1.68 |
| EGI | $96.6k | $19.32 |
| − OpEx | −$24.2k | −$4.83 |
| NOI | $72.5k | $14.49 |
5,000 SF · lease $21.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.04M
$905.6K – $1.21M
NOI $72,450 @ 7.0% cap · market cap 7.28%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.22M
$1.07M – $1.42M
NOI $85,324 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Restaurants
Similar Off Market Nearby
- DiAntonio's Catering — 228 Krams Ave, Philadelphia, PA 19127
- Company's Coming Catering — 3989 Terrace St, Philadelphia, PA 19128
- Greater Valley Forge Picnic — 26 Rock Hill Rd, Bala Cynwyd, PA 19004
- fitch's — 4518 Ritchie St, Philadelphia, PA 19127
FAQs
What type of property is this?
Restaurant - 5,000 SF property in Philadelphia's Manayunk neighborhood.
Where is this restaurant located?
The property is located at 4348-50 MAIN Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Prime location on Main Street in the high‑traffic Manayunk commercial corridor, surrounded by restaurants, bars, and retail.; 5,000 sq ft of usable space over three floors, suitable for various business concepts.; Potential redevelopment opportunity for mixed‑use or multifamily investment, given ongoing development projects in the area.
