4348 Main Street, Philadelphia, PA 19127
Three-floor restaurant building in shell condition with existing food service infrastructure, suited for an owner-operator concept.
- Added:
- Jul 19, 2025
- Days on Market:
- 333
- Last Refresh:
- Jun 15 at 4:10 am
Property Features for 4348 Main Street
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1900
Listing agent Veronica Gintel Blum License #RS290724 (215) 413-4900
Listing office Mallin Panchelli Nadel Realty Inc (215) 413-4900
Listing date Jul 19, 2025
Source Xome
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 Mallin Panchelli Nadel Realty Inc
HighLights
- 3,500? 5,000 sf of usable space over three floors (former Hikaru sushi), located on the Main Street commercial corridor in Manayunk
- In shell condition with existing restaurant infrastructure still intact
- Zoned CMX‑2.5
- Located within the Manayunk Main Street Historical District
- Lot dimensions: 40.00 x 50.00; urban lot
Overview
Located in the Manayunk neighborhood of Philadelphia, the building sits prominently along the Main Street commercial corridor surrounded by restaurants, bars, coffee shops, and specialty retail. The property also falls within the Manayunk Main Street Historical District. Manayunk Development Corp has several fully funded revitalization projects in progress, including streetscape lighting and an $18 million canal reinvigoration project with toe path improvements. The City of Philadelphia also provides funding intended to help businesses improve the exterior of their commercial storefronts.
This configuration makes the property practical for an owner-operator looking to implement a restaurant concept in an active dining and retail corridor, while the existing restaurant infrastructure can help reduce buildout scope from a blank-slate shell. For buyers considering alternative uses, the building may also be evaluated for redevelopment opportunities consistent with the stated mixed-use or multifamily direction referenced in the remarks.
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 | $105.0k | $21.00 |
| − Vacancy | −$8.4k | −$1.68 |
| EGI | $96.6k | $19.32 |
| − OpEx | −$24.2k | −$4.83 |
| NOI | $72.5k | $14.49 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.224095
- Latitude
- 40.025523