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    321-23 South St Philadelphia, PA 19147

    Sponsored
    For Lease
    Contact for pricing

    Historic building, flexible lease options.

    Lot size:
    4,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional retail property at 321-23 South Street, Philadelphia, PA 19147, offers a unique opportunity for businesses seeking a vibrant location. The three-story, 4,200 square foot building, constructed in 1900, is classified as Class C and zoned CMX-3. Currently, 3,910 square feet are vacant, offering flexible lease options for multiple tenants. Individual spaces range from a minimum of 1,740 square feet to a maximum contiguous space of 2,170 square feet. The property sits on a 2,942 square foot lot and is conveniently located near the intersection of South Street and 3rd Street, within Philadelphia County. Its prime location on a bustling retail corridor provides access to a large residential population and a thriving nightlife scene, creating high foot traffic and excellent visibility. This historic building presents a rare chance to establish a presence in one of Philadelphia's most dynamic commercial areas. The property's multi-level layout offers versatile space for a variety of retail uses. Serious inquiries are encouraged to explore the possibilities of this exceptional retail opportunity. The property is ready for immediate occupancy.

    Property Features for 321-23 South St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,200 SF
    Class
    C

    Building Details

    Year Built
    1900
    Stories
    3

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    2,170 SF
    Space
    Available Space 2
    Size
    1,740 SF

    HighLights

    • Dual‑level retail space totaling 4,200 square feet.
    • 34‑foot frontage on South Street.
    • Historic building in a vibrant nightlife district.
    • Close proximity to Pennsylvania Hospital.
    • Steps from popular South Street restaurants Jim's Steaks and Lorenzo's Pizza.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant 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
    -75.1482789
    Latitude
    39.9416866

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    FAQs

    What type of property is this?
    Retail property - Historic building, flexible lease options.
    Where is this retail property located?
    The property is located at 321-23 South St Philadelphia, PA.
    What are key features of this property?
    This property features: Dual-level retail space totaling 4,200 square feet.; 34-foot frontage on South Street.; Historic building in a vibrant nightlife district.
    Request Owner's contact information
    321-23 South St Philadelphia, PA 19147
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    Philadelphia, PA 19147
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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
    321-23 South St Philadelphia, PA 19147
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