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NOI-$350,000- SALES COMMISSION-5% 431-435 South St

10,500 SF 81% Leased Retail Building Philadelphia, PA 19147 £4,589,294 (£437.08/SF) 5.88% Net Initial Yield

INVESTMENT HIGHLIGHTS

  • Situated in a very densely populated area surrounded by four neighborhoods.
  • Located within proximity to Society Hill and less than a 20 minutes walk to Independence Hall.
  • Consistent daytime, nighttime, and weekend traffic.
  • NOI does not include depreciation expense.

EXECUTIVE SUMMARY

Located at the Corner of 5th & South Street in Philadelphia, the property sits between the highly affluent Society Hill and Queen Village neighborhoods. The 10,600 SF retail building has two floors and is just one block north of significant development projects including a boutique hotel and new Target store. Currently occupied by the restaurant and bar chain Fat Tuesdays (7 years remain on lease) on the first floor, as well as restaurant and clothing store on the ground floor. Philly Game Shop-2600 SF. Restaurant-1st Floor. One 2000 SF clean box available for rent.
521 S. St (L-Shaped Property) also has a new tenant with a 5 year lease starting May 2023.
Contact: Barry Bernsten, Manager, The Bernsten Group, Tel: (215) 917-1700, bbernsten@aol.com

FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
10,500 SF
Building Class
C
Year Built
1900
Price
£4,589,294
Price Per SF
£437.08
Net Initial Yield
5.88%
NOI
£269,958
Percent Leased
81%
Tenancy
Multiple
Number of Floors
2
Building FAR
1.27
Lot Size
0.19 AC
Zoning
CMX-3 - Community/region-serving retail and service uses
Frontage
42 ft on South St

AMENITIES

  • Commuter Rail
  • Public Transport
  • Restaurant
  • Signage
  • Air Conditioning

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1E
  • 2,000 SF
  • Restaurant
  • -
  • Now

2,000 Square Foot Store Space on the best block of Philadelphia's iconic South Street Commercial Corridor! This space is sunken under the famous Fat Tuesday's Bar. Space includes one bathroom. This is a Modified Gross Lease-- Tenant only pays their own utilities (Gas and Electric), and Use & Occupancy Taxes ( Approximately $500, Billed monthly). Showings Tuesday-Saturday, 24 Hours Notice. Updated photos coming soon!

Space Size Space Use Position Available
1E 2,000 SF Restaurant - Now

1E

Size
2,000 SF
Space Use
Restaurant
Position
-
Available
Now

1E

Size 2,000 SF
Space Use Restaurant
Position -
Available Now

2,000 Square Foot Store Space on the best block of Philadelphia's iconic South Street Commercial Corridor! This space is sunken under the famous Fat Tuesday's Bar. Space includes one bathroom. This is a Modified Gross Lease-- Tenant only pays their own utilities (Gas and Electric), and Use & Occupancy Taxes ( Approximately $500, Billed monthly). Showings Tuesday-Saturday, 24 Hours Notice. Updated photos coming soon!

Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (91)
Bike Score®
Very Bikeable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

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
73,465
442,081
892,558
1,414,502
2029 Population
71,053
433,674
877,063
1,390,740
2024-2029 Projected Population Growth
-3.3%
-1.9%
-1.7%
-1.7%
Median Age
36.7
33.8
34.5
35.9
College Degree + Higher
68%
49%
35%
19%
Daytime Employees
102,958
406,776
543,239
694,767
Total Businesses
12,650
42,918
58,683
77,361
Average Household Income
$129,101
$100,582
$79,924
$80,126
Median Household Income
$98,158
$71,795
$53,145
$54,706
Total Consumer Spending
$1.2B
$5.6B
$9.3B
$14.6B
2024 Households
38,620
196,770
372,179
574,947
Average Home Value
$582,295
$429,616
$311,763
$283,797
$ values in USD

NEARBY MAJOR RETAILERS

PNC Bank
Chart House Restaurant
TD Bank
Starbucks
ACME
Anytime Fitness
Bank of America
Chase Bank
Bambu
Pure Barre
  • Listing ID: 27130661

  • Date on Market: 16/11/2022

  • Last Updated:

  • Address: 431-435 South St, Philadelphia, PA 19147

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