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Listed by Alex Prince • TCS Management, LLC
$3,000,000
Est. payment /mo
2,350 Sqft Lot
Active
1118 WALNUT ST Philadelphia, PA 19107
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2580070
Year Built 1900
Annual Tax Amount $25,182
Tax Year 2025
Lot Size 2,350 Sqft
Acres 0.05
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
Extending to well-qualified investors the unique opportunity to acquire the fee simple interest in 1118 Walnut (the “Property” or “Asset”). The Property is a 10,000-square-foot commercial building zoned CMX-4 in the Midtown Village neighborhood of Philadelphia.
This section of Center City is the most institutionally invested area in all of Urban Philadelphia. The East Market Project, culminating with the construction of the Thomas Jefferson Special Care Pavilion, marks over $1B invested in the surrounding blocks. The Property is directly East of Rittenhouse Square and one block from Jefferson University Hospital, positioning it to be redeveloped for a multitude of uses.
1118 Walnut is ripe for repositioning. The street retail space could feature anything from food service to retailers. The upper floors are elevator-served and could host any business that is looking for proximity to Ed's and Med's, but does not need street-level exposure. The fourth-floor two-bedroom apartment is a full-floor apartment and offers a penthouse-like feel with vaulted ceilings and direct elevator access into the unit. The Property's upper levels could also be developed into apartment units, while leaving the street retail for a commercial tenant. Essentially, 1118 Walnut is a blank canvas with permissive zoning, historic charm, and a prime location.
The Asset is located minutes from major thoroughfares such as I-76, I-676, and I-95, providing unparalleled access to the Philadelphia MSA. It is also transit-oriented to allow tenants access to public transportation via the 11th Street Station on the Market-Frankford Line, as well as numerous bus and trolley stops carrying commuters throughout the Philadelphia Region.
This section of Center City is the most institutionally invested area in all of Urban Philadelphia. The East Market Project, culminating with the construction of the Thomas Jefferson Special Care Pavilion, marks over $1B invested in the surrounding blocks. The Property is directly East of Rittenhouse Square and one block from Jefferson University Hospital, positioning it to be redeveloped for a multitude of uses.
1118 Walnut is ripe for repositioning. The street retail space could feature anything from food service to retailers. The upper floors are elevator-served and could host any business that is looking for proximity to Ed's and Med's, but does not need street-level exposure. The fourth-floor two-bedroom apartment is a full-floor apartment and offers a penthouse-like feel with vaulted ceilings and direct elevator access into the unit. The Property's upper levels could also be developed into apartment units, while leaving the street retail for a commercial tenant. Essentially, 1118 Walnut is a blank canvas with permissive zoning, historic charm, and a prime location.
The Asset is located minutes from major thoroughfares such as I-76, I-676, and I-95, providing unparalleled access to the Philadelphia MSA. It is also transit-oriented to allow tenants access to public transportation via the 11th Street Station on the Market-Frankford Line, as well as numerous bus and trolley stops carrying commuters throughout the Philadelphia Region.
Location
State PA
County Philadelphia
Area 19107 (19107)
Zoning CMX4
Interior
Hot Water 60+ Gallon Tank
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility Elevator
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 882626320
Ownership Fee Simple
Special Listing Condition Standard
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