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    312 Market St Philadelphia, PA 19106

    Sponsored
    For Sale
    $2,999,000

    Historic Old City, 14,881 SF Restaurant

    Property size:
    14,881 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 14,881 square foot restaurant space at 312 Market Street in Philadelphia's Old City boasts a prime location next to America's oldest post office and other historic landmarks. Built in 2005, this one-story, CMX3 zoned condominium features four units and offers a unique opportunity for a discerning buyer. The property includes two bars, a fully equipped kitchen with a new hood system, and a full basement. High ceilings, accessible bathrooms, a DJ booth, and two banks of skylights add to its appeal. A 1,000 square foot mezzanine provides additional space, and there's potential for expansion into two previously sealed-off upper floors above the kitchen. The property's net square footage is 10,729 square feet. An existing liquor license is available. This is Old City's largest available second-generation restaurant space, situated conveniently near the award-winning "Fork" restaurant. The asking price is $2,999,000, with a price per square foot of $201.53. The property's APN is 888057700. Lease options are also available.

    Property Features for 312 Market St

    General Information

    Property type
    Restaurants
    Square Feet
    14,881 SF

    Building Details

    Year Built
    2005
    Stories
    1
    Units
    4

    HighLights

    • 10,729 SF of net leasable area.
    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
    -75.1463354
    Latitude
    39.9500088

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    FAQs

    What type of property is this?
    Restaurant - Historic Old City, 14,881 SF Restaurant
    Where is this restaurant located?
    The property is located at 312 Market St Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $2,999,000.
    What are key features of this property?
    This property features: 10,729 SF of net leasable area.; ;
    Request Owner's contact information
    312 Market St Philadelphia, PA 19106
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    Philadelphia, PA 19106
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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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