1318 Walnut St Philadelphia, PA 19107
For Sale
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Property summary
This exceptional 14,100 square foot, three-story storefront at 1318 Walnut Street in Philadelphia, PA, presents a unique value-add opportunity. Built in 1900, this vacant property boasts a 21-foot frontage on Walnut Street, a vibrant retail corridor in Midtown Village. The building sits on a 0.08-acre lot (3,485 square feet) and includes a full-height basement. Its CMX-5 zoning allows for a variety of uses. The location offers unparalleled access to public transportation, being steps from Broad Street and numerous transit options. Midtown Village's thriving atmosphere, with its mix of upscale shopping, unique boutiques, and renowned restaurants, provides an ideal setting for a successful retail venture. This property is perfect for an investor seeking to capitalize on the area's high foot traffic and strong demand. The building's size and location offer significant potential for redevelopment and repositioning within this dynamic Philadelphia neighborhood.
Property profile
VerifiedCap rate & NOI
Current use
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Physician
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(Bike/Boat/Book/etc) Store
Value estimations
Owner & transaction history
Zoning & alternative use
CMX-5 Center City Core Commercial Mixed-Use C-5 CA-1 Auto-Oriented Commercial-1 C-7 NSC CA-2 Auto-Oriented Commercial-2 ASC Eliminated >> C-6 (.2) Map Symbols. (.a) The alphanumeric map symbols are intended to provide a…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
CMX5 · Philadelphia, PACMX-5 Center City Core Commercial Mixed-Use C-5 CA-1 Auto-Oriented Commercial-1 C-7 NSC CA-2 Auto-Oriented Commercial-2 ASC Eliminated >> C-6 (.2) Map Symbols. (.a) The alphanumeric map symbols are intended to provide a…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CMX5 in Philadelphia, PA.
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Find the owner behind the property.
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