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Owner Financing Restaurant across Jim Steaks 344-348 South St
4,872 SF of Retail Space Available in Philadelphia, PA 19147
Highlights
- Positioned on bustling South Street, the retail/commercial space benefits from high foot traffic, ensuring maximum visibility.
- As daylight fades, South Street comes alive with a diverse array of entertainment options. From bars and live music venues.
- Cobblestone streets and historic landmarks add a unique charm to the neighborhood, creating a captivating blend of past and present.
- The TLA's presence next door enhances the property's appeal. Leverage tens of thousands attending live performances, events, and concerts.
- The neighborhood hosts numerous community events, festivals, and markets throughout the year.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 4,872 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
In the heart of Philadelphia's vibrant South Street, this spacious retail/restaurant space boasts excellent visibility and foot traffic. The space features a versatile layout, ideal for various retail ventures, restaurants, or boutique shops.
- Fully Built-Out as a Restaurant or Café Space
- Highly Desirable End Cap Space
- Space is in Excellent Condition
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 broker 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 344-348 South St , Philadelphia, PA 19147
| Property Type | Retail | Gross Leasable Area | 4,872 SF |
| Property Subtype | Restaurant | Year Built | 1900 |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 4,872 SF |
| Year Built | 1900 |
About the Property
Motivated Seller – Flexible Financing Available! Perfect Corner for Your New Restaurant Concept Seize the opportunity to own a prime commercial property at 344-348 South St in the heart of Philadelphia! This 4,872 SF retail space sits on a bustling, high-traffic corner, offering the perfect location for an established family-oriented restaurant chain, a fun and unique dining concept, or a fresh new restaurant idea looking to make an impact. With flexible owner financing, your vision is within reach! Located just minutes from major highways and only a six-minute drive from Philadelphia’s 30th St Commuter Rail, this space offers easy access for both customers and staff. The neighborhood is highly walkable and bike-friendly, with a steady flow of foot traffic, thanks to nearby hotspots like Jim’s Steaks, Nora’s Kitchen, Redcrest Kitchen, and Lucky’s Last Chance. The property also offers Airbnb potential, creating an additional revenue stream alongside your restaurant business. Formerly home to the iconic Copabanana Restaurant, this space blends historic charm with modern commercial appeal—ideal for any concept looking to impress and stand out. Whether you're a top restaurateur or an entrepreneur with a unique restaurant vision, this is a stunning spot that offers the wow factor for any dining or entertainment concept. Don’t miss out on this rare opportunity to secure one of Philadelphia’s most coveted locations. With flexible financing available, now is the time to bring your restaurant dream to life!
- Signage
- Signalized Intersection
DEMOGRAPHICS
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Nearby Major Retailers
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Owner Financing Restaurant across Jim Steaks | 344-348 South St
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