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431-435 South St & 521-525 S 5th St 10,500 SF 100% Leased Retail Building Philadelphia, PA 19147 $4,950,000 ($471.43/SF) 6.40% Cap Rate
Investment Highlights
- Acquire a mixed-use property in Society Hill, fully leased to Fat Tuesday, a game store, a burger restaurant, and a new brewery opening soon.
- Fortified tenant mix as Fat Tuesday has five years left on the lease with additional five-year options, and the incoming brewery recently signed.
- Supported by consistent foot traffic from Philly’s vibrant South Street and nearby landmarks like Independence Hall or Washington Square.
- L-shaped property with multiple storefronts on block 400 of South Street and a sweeping floor-to-ceiling storefront on block 500 of S 5th Street.
- Benefit from an affluent residential base with a yearly household income of $132,549, contributing to $1.2 billion in spending within a mile radius.
Executive Summary
This L-shaped building’s primary address is 431-435 South Street, which hosts Fat Tuesday on the upper level, Cousin Burgers below that, and a new brewery coming to the lower level. The building then has a secondary address and frontage, 521-525 South 5th Street, which hosts The Philly Game Shop. The unique layout is great for long-term value, including a spacious outdoor patio and a commanding breadth of storefront exposure on two major streets.
This location presents a standout opportunity for investors 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, such as Talula’s Garden and Alimentari, alongside national brands like Whole Foods and Starbucks. This timeless location is an essential node for any Philadelphia investor to gain equity in, take advantage of this income-producing, fully leased acquisition opportunity, and make a mark in Society Hill today.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
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| Gross Rental Income |
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| Other Income |
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| Vacancy Loss |
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| Effective Gross Income |
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| Net Operating Income |
$99,999
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$9.99
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Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
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| Annual | - |
| Annual Per SF | - |
| Other Income | |
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| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
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| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
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| Net Operating Income | |
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| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- Commuter Rail
- Metro/Subway
- Restaurant
- Signage
- Air Conditioning
About Independence Hall
Taking its name from the building where both the Declaration of Independence and the U.S. Constitution were signed, Independence Hall anchors the historic center of downtown Philadelphia. Independence Hall Historical Park alone draws up to 5 million visitors annually, and the Liberty Bell, the Constitution Center, and a wealth of stunning historic architecture also make this area a destination for tourist traffic in the Greater Philadelphia area.
Neighborhoods within the area, including Old City and Society Hill, create a thriving residential market where average household incomes surpass $150,000, according to the U.S. Census Bureau. Many of Center City Philadelphia’s highest-end dining and hotel options are located here, including Talula’s Garden; Morimoto; and Zahav, which was awarded best restaurant in the U.S. by the James Beard Foundation in 2019.
However, Independence Hall’s vibrancy extends beyond its historical charm and affluent residents. Stations serviced by SEPTA’s regional rail, New Jersey’s PATCO high speed rail line, and Philadelphia’s Market Frankford subway line all support more than 5 million square feet of office properties, anchored by major employers including Wells Fargo, the American College of Physicians, and the Federal Reserve Bank of Philadelphia.
This high density of tourists, residents, and office workers, coupled with its rich historical significance, makes Independence Hall an attractive destination for almost any type of retailer.
Demographics
Demographics
Nearby Amenities
Restaurants |
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|---|---|---|---|
| Silver Fork | Japanese | $$ | 1 min walk |
| S & H Kebab House | Turkish | $$$ | 1 min walk |
| Golden Triangle | Asian | $$ | 2 min walk |
| Milkboy South Street | Sandwiches | $$$ | 2 min walk |
| Cuzzy's Ice Cream Parlor | Ice Cream | $ | 2 min walk |
| Jim's Steaks South St | American | $ | 2 min walk |
| Tattooed Mom Restaurant | Pub Food | $ | 3 min walk |
| Nora's Taqueria and Grill | Mexican | $ | 4 min walk |
| Reef Restaurant & Lounge | Caribbean | $$ | 4 min walk |
| South Street Diner | Diner | $ | 6 min walk |
Retail |
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|---|---|---|
| Snipes | Shoes | 1 min walk |
| Foot Locker | Shoes | 2 min walk |
| The UPS Store | Business/Copy/Postal Services | 2 min walk |
| Painting With A Twist | Art/Crafts | 3 min walk |
| Rite Aid | Drug Store | 4 min walk |
| PLCB Wine & Spirits Store | Liquor | 6 min walk |
| Wawa | Convenience Market | 7 min walk |
| Landmark Theatres | Cinema | 7 min walk |
Hotels |
|
|---|---|
| Marriott |
364 rooms
3 min drive
|
| BW Premier Collection |
41 rooms
3 min drive
|
| Kimpton |
268 rooms
3 min drive
|
| Renaissance |
152 rooms
3 min drive
|
| Wyndham |
364 rooms
3 min drive
|
| Hilton |
350 rooms
3 min drive
|
Property Taxes
| Parcel Number | 882650800 | Improvements Assessment | $2,641,440 (2026) |
| Land Assessment | $660,360 (2026) | Total Assessment | $3,301,800 (2026) |
Property Taxes
Sale Advisor
Sale Advisor
Barry Bernsten, Manager
Contact the Sale Advisor
431-435 South St & 521-525 S 5th St