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1318 Walnut St Philadelphia, PA 19107

Investment properties Google Maps
14,112 SF 0.08 ac lot Built 1900
Entity Owned Absentee Owner ~ Est. High Equity
Estimated value (blended)
$1.77M
Range $1.59M – $1.94M (±10%)
Property ID US73-2472761

Property summary

AI-generated overview

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

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1900
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 14,112 SF
Lot 0.08 ac (3,528 SF)
Zoning code CMX5
APN 87-1-0113-50
UPID US73-2472761

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • (Bike/Boat/Book/etc) Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.77M

Owner & transaction history

since 2025
Last sale
$1.6M
1 recorded transaction
2025
$1.6M

Zoning & alternative use

CMX5 · Philadelphia, PA
Zoning description

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…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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