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    Shell Restaurant Building Title is generated by Realmo AI

    4348 Main Street, Philadelphia, PA 19127

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    For Sale
    $995,000

    Three-floor restaurant building in shell condition with existing food service infrastructure, suited for an owner-operator concept.

    Type:Retail
    Property size:
    5,000 SF
    Price / SF:
    $199/SF
    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

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    Listing Contact
    Veronica Gintel Blum
    Veronica Gintel Blum

    Listing agent Veronica Gintel Blum License #RS290724

    Listing office Mallin Panchelli Nadel Realty Inc

    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

    4348-50 Main Street is a restaurant building offering approximately 5,000 square feet of usable space over three floors. The property was previously operated as Hikaru sushi and utilized the entire building. The space is currently in shell condition, though several pieces of restaurant infrastructure remain intact, providing a starting point for a new food and beverage operator.

    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
    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 (±1% cap)
    NOI $72,450 @ 7.0% cap · market cap 7.28%
    Second Best
    Retail
    $807.3K
    $706.4K – $941.9K (±1% cap)
    NOI $56,511 @ 7.0% cap · market cap 5.68%
    Theoretical Best
    Multifamily LT 5
    $1.22M
    $1.07M – $1.42M (±1% cap)
    NOI $85,324 @ 7.0% cap · market cap 8.58%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.224095
    Latitude
    40.025523

    FAQs

    What type of property is this?
    Conventional restaurant - Three-floor restaurant building in shell condition with existing food service infrastructure, suited for an owner-operator concept.
    Where is this conventional restaurant located?
    The property is located at 4348 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: 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
    More about this property
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