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1123 Walnut St 6,776 SF 100% Leased Retail Building Philadelphia, PA 19107 $2,930,000 ($432.41/SF)
Investment Highlights
- 22 feet of frontage on Walnut Street with great exposure
- Runs straight through to Moravian Street for easy delivery and trash pick-up
- Includes 'R' Liquor License
- Wonderful outdoor seating
- Includes all Furniture, Fixtures & Equipment of the restaurant
- Surrounded by Jefferson Hospital and dense population of daytime office workers
Executive Summary
MPN Realty, Inc., is pleased to exclusively present for sale this mixed-use property and redevelopment opportunity at 1123 Walnut Street. Located on the border of Washington Square West and Midtown Village, this building has been primarily a single-use bar/restaurant for the last 40 years. Surrounded by Jefferson Hospital, a dense population of daytime office workers, and a growing residential population, this heavily trafficked street is busy at all times of day. With 22 feet of frontage on Walnut Street, 1123 Walnut has great exposure and takes advantage of it with wonderful outdoor seating. It is a rare plus to run straight through to Moravian Street, which allows for easy delivery and trash pick-up. As it currently operates, The Hayes is on the first & second floors, with a full bar on each level, and a kitchen in the rear of the first floor. Upstairs is a mix of raw and office space. Included in the sale are all Furniture, Fixtures & Equipment of the restaurant and the “R” Liquor License that is in place. 1123 Walnut is zoned CMX-5, which allows multiple uses with residential above.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,776 SF
Building Class
C
Year Built
1900
Price
$2,930,000
Price Per SF
$432.41
Percent Leased
100%
Building Height
4 Stories
Building FAR
2.32
Lot Size
0.07 AC
Zoning
CMX-5
Frontage
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 882628000 | Improvements Assessment | $1,710,800 |
| Land Assessment | $427,700 | Total Assessment | $2,138,500 |
Property Taxes
Parcel Number
882628000
Land Assessment
$427,700
Improvements Assessment
$1,710,800
Total Assessment
$2,138,500
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