1111 Walnut St, Unit 1 Philadelphia, PA 19107-4943

Property Details for 1111 Walnut St

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Property size

3,010 SF

Zone code

CMX5

Property type

Office Properties & Spaces

APN

88-8-0350-50

APU

888035050

Description

This exceptional 5,200-square-foot restaurant space at 1111 Walnut Street in Philadelphia, Pennsylvania, presents a unique owner-user investment opportunity. Currently vacant, this commercial condominium offers a turnkey solution for a discerning restaurateur. Boasting 38 feet of double-wide glass frontage on Walnut Street, the property benefits from high ceilings, multiple design and layout options, and existing office and bathroom facilities. The space includes substantial existing fixtures, furniture, and equipment (FF&E), including a functional hood system, walk-in coolers in the basement, and a 16-line tap system, significantly reducing initial build-out costs. Potential for outdoor dining further enhances its appeal. Rear loading and trash facilities provide convenient logistical support. The property is zoned CMX-5, allowing for a variety of uses. The building, constructed in 1900, is a single-story structure. The asking price is $1,775,000, translating to $341.35 per square foot. The location benefits from proximity to several significant neighborhood developments slated for completion between 2023 and 2024, including a specialty care pavilion, a mixed-use building, a hotel, and a residential apartment building. Convenient access to public transportation is provided by nearby Patco Subway stops. This is a rare chance to acquire a well-positioned, established restaurant space in a thriving Philadelphia location.

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Longitude

-75.1596

Latitude

39.9504

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments