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    312 Market St Philadelphia, PA 19106

    Sponsored
    For Lease
    Contact for pricing

    Prime Old City restaurant, liquor license included.

    Lot size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 10,000 square foot, single-tenant property in Philadelphia's historic Old City offers a unique opportunity for a large-scale restaurant or entertainment venue. Located on Market Street, this first-floor space boasts a fully equipped kitchen with a modern hood, two bars, and a spacious full basement. The existing liquor license is a significant advantage. High ceilings, a DJ booth, and a 1,000-square-foot mezzanine provide ample space for diverse uses and events. Handicapped-accessible restrooms ensure inclusivity. Abundant natural light from skylights creates a welcoming atmosphere. Expansion potential exists with two additional floors above the kitchen, previously sealed off. This prime location is adjacent to America's oldest post office and near popular attractions, ensuring high foot traffic and visibility. Its proximity to the award-winning Fork Restaurant further enhances its desirability. The CMX3 zoning allows for a variety of uses, including restaurants, bars, pubs, VR rooms, or event spaces. Built in 2005, this property presents a rare chance to establish a thriving business in one of Philadelphia's most vibrant and sought-after neighborhoods. The property features 14,881 square feet of vacant space. The Assessor's Parcel Number (APN) is 888057700.

    Property Features for 312 Market St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,000 SF

    Building Details

    Year Built
    2005
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    14,881 SF

    HighLights

    • 10,000 SF single‑tenant commercial building, suitable for retail, office, or restaurant use.
    • 14,881 SF of vacant space available for lease.
    • Built in 2005, one‑story building with CMX3 zoning and APN 888057700.
    • Prime Old City location, next to America's oldest post office and near the Fork Restaurant, offering high foot traffic.
    • Features include a fully equipped kitchen with a modern hood, two bars, a 1,000 SF mezzanine, high ceilings, a DJ booth, skylights, and handicapped‑accessible bathrooms; existing liquor license included.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Loft Upscale Restaurant ... Restaurant Red Velvet Burlesque ... Performing Arts Group

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.14634444
    Latitude
    39.95000064

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    FAQs

    What type of property is this?
    Restaurant - Prime Old City restaurant, liquor license included.
    Where is this restaurant located?
    The property is located at 312 Market St Philadelphia, PA.
    What are key features of this property?
    This property features: 10,000 SF single-tenant commercial building, suitable for retail, office, or restaurant use.; 14,881 SF of vacant space available for lease.; Built in 2005, one-story building with CMX3 zoning and APN 888057700.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    312 Market St Philadelphia, PA 19106
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