431-435 South St - Restaurant FOR SALE


Philadelphia, PA 19147
$5,950,000 USD
925-235-0762
431-435 South St, Philadelphia, PA for Sale
$5,950,000 USD
Restaurant - FOR SALE
1/6
null | 5.88% Cap Rate

431-435 South St
Philadelphia, PA 19147


HIGHLIGHTS

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

OVERVIEW

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

FOR SALE DETAILS

PRICE

$5,950,000 USD

PRICE/SF

$561 USD /SF

CAP RATE

5.88%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NOI-$350,000- SALES COMMISSION-5%

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

525 S 5th St

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

CMX-3

APN/PARCEL ID

882650800

ASK ABOUT THIS PROPERTY

Barry BernstenKRB Management Assoc.More Info
925-235-0762

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Barry BernstenKRB Management Assoc.More Info
925-235-0762

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.