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2000 SF- Clean Store-under Fat Tuesday $4k/M 431-435 South St
2,000 SF of Retail Space Available in Philadelphia, PA 19147
Highlights
- Situated in a very densely populated area surrounded by four neighborhoods.
- One block north of significant development projects including a boutique hotel and new Target store.
- Located within proximity to Society Hill and less than a 20 minutes walk to Independence Hall.
Space Availability (1)
Display Rent as
- Space
- Size
- Ceiling
- Term
- Rent
- Service Type
| Space | Size | Ceiling | Term | Rent | Service Type | |
| 1st Floor, Ste 1E | 2,000 SF | 12 ft | 5-10 Years | £18.84 /SF/PA £1.57 /SF/MO £202.79 /m²/PA £16.90 /m²/MO £37,680 /PA £3,140 /MO | Modified Gross |
1st Floor, Ste 1E
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!
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as a Restaurant or Café Space
- Space is in Excellent Condition
- Central Air and Heating
- Private Restrooms
- Finished Ceilings: 12 ft
- 2000 SF Clean Store-Next to new restaurant 2/24
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing agent for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 431-435 South St , Philadelphia, PA 19147
| Property Type | Retail | Year Built | 1900 |
| Property Subtype | Restaurant | Cross Streets | 525 S 5th St |
| Gross Internal Area | 10,600 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Internal Area | 10,600 SF |
| Year Built | 1900 |
| Cross Streets | 525 S 5th St |
About the Property
One available space on the best block of Philadelphia's iconic South Street Commercial Corridor! These spaces are sunken under the famous Fat Tuesday's Bar . Suite 1E is a store space with huge store windows and one bathroom. The best feature of these spaces are there OUTSTANDING and spacious outdoor spaces, sunken from the sidewalk. Your patrons can enjoy al fresco dining removed from the car traffic and noise from the street! These are Modified Gross Leases-- Tenant only pays their own utilities (Gas and Electric), and Use & Occupancy Taxes (Approximately $500, Billed monthly for each space). Available for showings February 1, 2024. 24 Hour Notice Required for Space 1E.
- Commuter Rail
- Public Transport
- Restaurant
- Signage
- Air Conditioning
DEMOGRAPHICS
Demographics
Nearby Major Retailers
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Barry Bernsten - KRB Management Assoc.
Presented by
KRB Management Assoc.
2000 SF- Clean Store-under Fat Tuesday $4k/M | 431-435 South St
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