Building Details

Year Built 1960

Listing Agency: Premium Realty Group Inc

Listed By: Derrick Zhang · License #AB066314 Show Phone

Source: Southjerseyshorehomesfinder

Added: Aug 3 Changed: Oct 12 Last Checked: Oct 7 at 3:13PM

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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 Premium Realty Group Inc

Investment Insights

Based on property information with market context.

This restaurant property encompasses 13,500 square feet and dates to 1960. The interior is described as having classic architectural character, creating a defined setting for restaurant operations or other commercial use supported by the property’s classification.

The property is located at 915 Arch St in Philadelphia, Pennsylvania, within ZIP code 19107. Its urban setting places the asset in a central Philadelphia context, while the existing architectural character provides a distinct physical identity.

Key Highlights

• 13,500‑square‑foot restaurant property
• Built in 1960
• Classic architectural interior character

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$195,615

Cap Rate

3.91%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,912,300 $3.9M

Cap Rate 7%

$2,794,500 $2.8M

Cap Rate 9%

$2,173,500 $2.2M

Market Conditions

NOI Build-Up for 13,500 SF

Gross rent

$283.5K $21.00/SF

− Vacancy

−$22.7K −$1.68/SF

EGI

$260.8K $19.32/SF

− OpEx

−$65.2K −$4.83/SF

NOI

$195.6K $14.49/SF

Area

Philadelphia, PA

Vacancy

8.00%

Lease Rate

$21.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,912,300

Cap Rate 7%

$2,794,500

Cap Rate 9%

$2,173,500

Alternative Uses

Best Use

Specialty Retail

$2.79M

$2.45M – $3.26M (±1% cap)

NOI $195,615 @ 7.0% cap · market cap 3.91%

Second Best

Retail

$2.18M

$1.91M – $2.54M (±1% cap)

NOI $152,580 @ 7.0% cap · market cap 3.05%

Theoretical Best

Multifamily LT 5

$3.29M

$2.88M – $3.84M (±1% cap)

NOI $230,376 @ 7.0% cap · market cap 4.61%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

EMei 峨嵋 Restaurant

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Tanning Salon Pet Grooming Service Clothing & Fashion Store Butcher Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

21,329

Businesses Nearby

130k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Hotels & Casinos 63% Dining 31% Home Improvements & Furnishings 3% Shops & Services 3%

The Ritz-Carlton, Philadelphia Hotels & Casinos

30,824 visits/mo 0.4 miles

Starbucks Dining

16,511 visits/mo 0.4 miles

Four Points by Sheraton Philadelphia City Center Hotel Hotels & Casinos

15,625 visits/mo 0.3 miles

Le Pain Quotidien Dining

15,049 visits/mo 0.3 miles

Kimpton Hotel Monaco Philadelphia Hotels & Casinos

10,769 visits/mo 0.5 miles

Demographics for 19107, PA

17,600

Population

10,239

Households

1.7

Avg Household Size

32

Median Age

72%

College-Educated

92%

High-School Grad

0.5 sq mi

ZIP Area

35,200

Density / Sq Mi

$70,382

Median Household Income

$57,694

Median Earnings

$1,691

Median Rent

$452,500

Median Home Value

Market

Vacancy Rate% for Retail in Philadelphia, PA

6.7% 2019

8.2% 2020

7.8% 2021

6.6% 2022

6.2% 2023

5.5% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Restaurant property featuring classic architectural character in Philadelphia’s 19107 ZIP code.

Where is this conventional restaurant located?

The property is located at 915 Arch St Philadelphia, PA.

What is the asking price?

The asking price for this property is $4,999,000.

What are key features of this property?

This property features: 13,500‑square‑foot restaurant property; Built in 1960; Classic architectural interior character