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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 | $33.48 CAD/SF/YR $2.79 CAD/SF/MO $66,970 CAD/YR $5,581 CAD/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.
MATTERPORT 3D TOUR
Blank-Canvas Interior Space
TENANTS AT 431-435 SOUTH ST, PHILADELPHIA, PA 19147
- TENANT
- DESCRIPTION
- SIZE
- MOVE DATE
- US LOCATIONS
- REACH
- Fat Tuesday
- Cocktail Bar
- -
- 08-2006
- 64
- International
In the early 1980's, David Briggs, Jr. began evaluating opportunities within the restaurant and bar business. Briggs quickly noted the dislike that most establishments had for frozen drinks, as they were complicated to mix, and they slowed down customer service. Frozen drinks that were available were of inferior quality, limited selection, and premium price. Everything was missing - selection, service, quality and value. Based on this information, Briggs set out to revolutionize the frozen drink business by developing a variety of premium frozen drink products that could be prepared in a consistent manner. Prepared with the development of over 20 unique frozen drink offerings, Briggs introduced the frozen specialty drink concept to the world by opening the first New Orleans Original Daiquiris unit in Hammond, Louisiana on January 1, 1983. This concept focused on the sale of frozen specialty drinks at locations that provided a casual, conversational atmosphere.
- Cousin's Burger
- Accommodation and Food Services
- -
- -
- -
- -
| TENANT | DESCRIPTION | SIZE | MOVE DATE | US LOCATIONS | REACH |
| Fat Tuesday | Cocktail Bar | - | 08-2006 | 64 | International |
| Cousin's Burger | Accommodation and Food Services | - | - | - | - |
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
DEMOGRAPHICS
Demographics
ABOUT INDEPENDENCE HALL
Taking its name from the building where both the Declaration of Independence and U.S. Constitution were signed, Independence Hall comprises the historic center of downtown Philadelphia. Independence Hall Historical Park alone draws more than 4.5 million visitors annually, but the Liberty Bell, the Constitution Center, and countless examples of stunning historical architecture also make this area the anchor of tourist traffic in the Greater Philadelphia area.
Independence Hall’s vibrancy does not come from its historical attractions alone. Stations serviced by SEPTA’s regional rail, New Jersey’s PATCO high speed rail line, and Philadelphia’s most heavily trafficked subway, the Market Frankford line all support an inventory of 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 and office workers make Independence Hall an attractive destination for almost any type of retailer. But neighborhoods within the area including Old City, and Society Hill also comprise a thriving residential market where average household incomes surpass $150,000. Meanwhile, 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.
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Silver Fork | Japanese | $$ | 1 min walk |
| Five Flavors Cafe | - | - | In Building |
| Fat Tuesday | - | - | In Building |
| S & H Kebab House | Turkish | $$$ | 1 min walk |
| Golden Triangle | Asian | $$ | 2 min walk |
| Shalom Eye | - | - | 1 min walk |
| Blossom Organics Inc | - | - | 2 min walk |
| Yogurtland | Frozen Yogurt | - | 2 min walk |
| Cuzzy's Ice Cream Parlor | Ice Cream | $ | 2 min walk |
| Mexiitalian | - | - | 1 min walk |
RETAIL |
||
|---|---|---|
| Snipes | Shoes | 1 min walk |
| Foot Locker | Shoes | 2 min walk |
| The UPS Store | Business/Copy/Postal Services | 2 min walk |
| PNC Bank | Bank | 2 min walk |
| DTLR | Shoes | 4 min walk |
| Painting With A Twist | Art/Crafts | 3 min walk |
| Rite Aid | Drug Store | 4 min walk |
| ACME | Supermarket | 4 min walk |
| Cvs Pharmacy | Drug Store | 5 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
|
| Fairfield Inn |
119 rooms
4 min drive
|
| Cambria Hotels |
223 rooms
4 min drive
|
LEASING AGENT
LEASING AGENT
Barry Bernsten, Manager
Presented by
KRB Management Assoc.
431-435 South St
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