312 Market StPhiladelphia, PA 19106

Property Details for 312 Market St

Year built

2005

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Property size (Sq ft)

10,729 SF

Zone code

CMX3

Property type

Office properties

Property subtype

Other office properties

APN

88-8-0577-00

APU

888057700

Description

This exceptional 10,000 square foot, single-tenant property in Philadelphia's historic Old City offers a unique opportunity for a large-scale restaurant or entertainment venue. Located on Market Street, this first-floor space boasts a fully equipped kitchen with a modern hood, two bars, and a spacious full basement. The existing liquor license is a significant advantage. High ceilings, a DJ booth, and a 1,000-square-foot mezzanine provide ample space for diverse uses and events. Handicapped-accessible restrooms ensure inclusivity. Abundant natural light from skylights creates a welcoming atmosphere. Expansion potential exists with two additional floors above the kitchen, previously sealed off. This prime location is adjacent to America's oldest post office and near popular attractions, ensuring high foot traffic and visibility. Its proximity to the award-winning Fork Restaurant further enhances its desirability. The CMX3 zoning allows for a variety of uses, including restaurants, bars, pubs, VR rooms, or event spaces. Built in 2005, this property presents a rare chance to establish a thriving business in one of Philadelphia's most vibrant and sought-after neighborhoods. The property features 14,881 square feet of vacant space. The Assessor's Parcel Number (APN) is 888057700.

• CAP approach

  CAP return

  Valuation

  6%

  $3,456,334

  6.5%

  $3,190,462

  7%

  $2,962,572

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,401,851

  Geo Method

  $1,401,851

• Alternative Use

  Use

  Valuation

  Residential

  $3,956,173

  Hospitality

  $3,623,834

  Educational

  $3,014,987

  Medical

  $3,118,677

  Retail

  $4,689,980

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9497

Longitude

-75.1464

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].