1318 Walnut St 14,100 SF Retail Building Philadelphia, PA 19107 £1,407,708 (£99.84/SF)

INVESTMENT HIGHLIGHTS

  • Built in 1900, the property has historical significance with an updated interior.
  • Boasts ground floor retail space on a vibrant retail corridor, ensuring visibility and accessibility for potential businesses.
  • Features include street parking and 3 ½ floors with a full-height basement.
  • Proximity to the Center City office district, offering access to a bustling hub of business activity.

EXECUTIVE SUMMARY

Nestled in the heart of Philadelphia’s vibrant Midtown Village neighborhood, 1318 Walnut St presents an exceptional opportunity for businesses seeking prime commercial space in one of the city's most dynamic areas. Boasting proximity to the bustling Center City office district, the esteemed Philadelphia Convention Center, and the renowned Jefferson Hospital, this property offers unparalleled access to a thriving business ecosystem ripe with networking opportunities and potential collaborations. Built-in 1900, this gem sits on 0.08 acres of land and features street parking, making it an attractive choice for businesses looking to establish a presence in a bustling urban environment. With 3 ½ floors and a full-height basement, the property offers versatile space ideal for retail, office, or hospitality ventures. Its strategic location, just steps from Broad Street and multiple public transit options, ensures maximum visibility and accessibility for customers and employees alike. Moreover, the area is replete with cultural landmarks, including the iconic Liberty Bell and Independence Mall, drawing in a steady stream of foot traffic and enhancing the property's appeal. Whether you're a budding entrepreneur or an established enterprise, seize the opportunity to capitalize on the vibrant energy and endless possibilities of Midtown Village. Contact us today to explore this prime commercial space and elevate your business to new heights.

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Development Sale
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
14,100 SF
Building Class
B
Year Built
1900
Price
£1,407,708
Price Per SF
£99.84
Tenancy
Multiple
Number of Floors
4
Building FAR
4.05
Lot Size
0.08 AC
Zoning
C5 - Commercial
Frontage
21 ft on Walnut St

AMENITIES

  • Signage
  • Air Conditioning
Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (87)

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
101,846
501,547
951,768
1,516,556
2029 Population
99,122
491,704
933,805
1,486,276
2024-2029 Projected Population Growth
-2.7%
-2.0%
-1.9%
-2.0%
Median Age
35.6
33.7
34.6
35.6
College Degree + Higher
74%
48%
34%
19%
Daytime Employees
220,614
412,986
563,503
684,939
Total Businesses
20,784
44,180
60,623
79,469
Average Household Income
$126,336
$95,628
$77,853
$80,632
Median Household Income
$93,600
$66,971
$51,213
$54,856
Total Consumer Spending
$1.8B
$6.1B
$9.7B
$15.7B
2024 Households
58,001
223,878
396,915
613,739
Average Home Value
$622,050
$419,740
$302,236
$285,987
$ values in USD

NEARBY MAJOR RETAILERS

Saxbys
IHOP
NY Pizza Department
Starbucks
Cyclebar
Cheesecake Factory
Bank of America
Fado Irish Pub
Anytime Fitness
CrossFit

PROPERTY TAXES

  • Listing ID: 31062312

  • Date on Market: 27/02/2024

  • Last Updated:

  • Address: 1318 Walnut St, Philadelphia, PA 19107