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Expansive Restaurant Space in Old City
For Sale
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Pending

312 Market St, Philadelphia, PA 19106

Large, second-generation restaurant space with liquor license in historic Philadelphia.

Property Size14,881 SF
Days on Market692

Property Features for 312 Market St

General Information

Standard status Pending
Size 14,881 SF
Property subtype Retail
Zoning CMX3
Lease Type NNN

Building Details

Year Built 2005
Stories 1
Units 4
Listing Agency: National Realty Commercial
Listed By: Billy Creagh · License #PA ABR002759
Source: Crexi
Added: Oct 12, 2024 Changed: Aug 25 Last Checked: Aug 31 at 5:32AM

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 National Realty Commercial

Investment Insights

Based on property information with market context.

This expansive first-floor property, located on Market Street in Old City, is the largest available second-generation restaurant space in the area and includes an available liquor license. The property features two bars, an existing kitchen with a new hood, and a full basement. Architectural details include high ceilings, two banks of skylights, and a 1,000 square foot mezzanine. The space also includes handicapped-accessible bathrooms and a DJ booth. There is potential for expansion into two formerly sealed-off floors above the kitchen. The property is situated next door to America's oldest post office and other historic attractions, and is located just doors away from the award-winning "Fork" restaurant. The property has a total size of 14,881 square feet and is suitable for restaurant use.

Key Highlights

  • Largest available 2nd generation restaurant in Old City.
  • Includes an available liquor license.
  • Existing kitchen with new hood and full basement.

Property Analytics

Current Use

The Loft Upscale Restaurant ... Restaurant Red Velvet Burlesque ... Theater & Performing Art Venue

Suggested Use

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

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

11,111
Businesses Nearby
81k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Hotels & Casinos 46% Dining 26% Groceries 16% Shops & Services 12%
Le Pain Quotidien Dining
15,049 visits/mo 0.4 miles
Philadelphia Marriott Old City Hotels & Casinos
14,972 visits/mo 0.4 miles
ACME Markets Groceries
12,615 visits/mo 0.5 miles
Kimpton Hotel Monaco Philadelphia Hotels & Casinos
10,769 visits/mo 0.2 miles
Starbucks Dining
5,627 visits/mo 0.1 miles

Demographics for 19106, PA

15,190
Population
9,913
Households
1.5
Avg Household Size
39
Median Age
80%
College-Educated
96%
High-School Grad
0.9 sq mi
ZIP Area
16,878
Density / Sq Mi
$129,779
Median Household Income
$93,953
Median Earnings
$2,219
Median Rent
$528,700
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
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Large, second-generation restaurant space with liquor license in historic Philadelphia.
Where is this conventional restaurant located?
The property is located at 312 Market St Philadelphia, PA.
What are key features of this property?
This property features: Largest available 2nd generation restaurant in Old City.; Includes an available liquor license.; Existing kitchen with **new hood and full basement**.
(267) 439-6926 Call to check price and availability
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