1318 Walnut St
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1318 Walnut St
14,100 SF Retail Building Philadelphia, PA 19107 $2,100,000 ($149/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
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
14,100 SF
Building Class
B
Year Built
1900
Price
$2,100,000
Price Per SF
$149
Tenancy
Multiple
Building Height
4 Stories
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
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
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 871011350 | Improvements Assessment | $2,509,600 |
| Land Assessment | $627,400 | Total Assessment | $3,137,000 |
PROPERTY TAXES
Parcel Number
871011350
Land Assessment
$627,400
Improvements Assessment
$2,509,600
Total Assessment
$3,137,000
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1318 Walnut St
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