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431-435 South St 2,000 SF of Retail Space Available in Philadelphia, PA 19147
HIGHLIGHTS
- Claim a turnkey retail space in Philadelphia’s Society Hill neighborhood, one of the city’s oldest and most sought-after areas.
- Tenants will delight in this clean box space with an outdoor patio that allows businesses to bring their unique vision to life.
- Join a thriving area with $129,101 average household incomes and a highly educated population with just 1 mile.
- Ideally situated in the middle of it all with speedy access to Interstate 95, perfectly pairing a beautiful setting with easy accessibility.
- Surrounded by a mix of retailers, restaurants, and beautiful architecture, this space provides a chance to join a coveted neighborhood.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,000 SF | 2-15 Years | $24.00 /SF/YR $2.00 /SF/MO $48,000 /YR $4,000 /MO | Modified Gross |
1st Floor
Expansive ground-floor retail space.
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
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.
SELECT TENANTS AT 431-435 SOUTH ST, PHILADELPHIA, PA 19147
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Cousin's Burger
- Accommodation and Food Services
- -
- -
- Fat Tuesday
- Cocktail Bar
- 64
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Cousin's Burger | Accommodation and Food Services | - | - |
| Fat Tuesday | Cocktail Bar | 64 | International |
PROPERTY FACTS
| Total Space Available | 2,000 SF | Gross Leasable Area | 10,500 SF |
| Property Type | Retail | Year Built | 1900 |
| Property Subtype | Restaurant | Cross Streets | 525 S 5th St |
| Total Space Available | 2,000 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 10,500 SF |
| Year Built | 1900 |
| Cross Streets | 525 S 5th St |
ABOUT THE PROPERTY
431-435 South Street awaits a new business in an attractive retail space in Philadelphia’s Society Hill neighborhood. The ground-floor suite exudes charm and approachability, with a welcoming awning and prominent building signage. Guests and passersby are drawn in because of its personality. A fully windowed storefront allows natural light to flood the interior, creating a bright and inviting atmosphere from the moment visitors arrive. Inside, the suite is in pristine box condition, finished with fresh paint and beautiful flooring. Offering a polished, move-in-ready environment, this space is ready for a variety of different businesses. The open layout serves as a blank canvas, full of potential for tenants to shape a space that reflects their vision and brand. A private bathroom is included, along with a spacious outdoor patio ideal for displays, seating, or anything that enhances the customer experience. This location presents a standout opportunity for businesses aiming to make their mark in Philadelphia’s competitive retail landscape. Located in Society Hill, by Center City and Washington Square, it combines high visibility with a highly desirable neighborhood setting. With quick access to Interstate 95, the property offers both convenience and charm. The surrounding area features a diverse mix of local favorites like Talula’s Garden and Alimentari, alongside national retailers such as Whole Foods and Starbucks. Strong demographics further elevate the appeal, with daily traffic exceeding 4,000 vehicles, steady foot traffic and annual consumer spending within a 1-mile radius topping $1.24 billion.
- Commuter Rail
- Metro/Subway
- Restaurant
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
Presented by
KRB Management Assoc.
431-435 South St
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