Investments Sales Management

1118 WALNUT STREET

PHILADELPHIA, PA 19107

MLS#: PAPH2673656

$2,950,000

Status: Active
Listing number: PAPH2673656
Listing provided by: Mallin Panchelli Nadel Realty Inc
Listing agent phone: None
Last update: 10 hours ago
New on site 1 day ago
Browse Properties
Main image without alt text

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1900

Sq.Footage

7,864

1118 Walnut Street presents a rare opportunity to acquire an architecturally significant, mixed-use property in the heart of Center City. Built in 1901 and designed by noted Philadelphia architect Edward P. Hazlehurst, the 7,864 SF, four-story property is listed on the Philadelphia Register of Historic Places as the historic Peter Thomson Store and features a distinguished limestone façade. Delivered entirely vacant, the building offers immediate flexibility for owner occupancy, redevelopment, repositioning, or lease-up. The property features approximately 24 feet of Walnut Street frontage, open and adaptable upper floors, elevator access to all floors, and a full-floor two-bedroom penthouse residence. CMX-4 zoning permits a broad range of commercial, residential, office, medical, institutional, and retail uses.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Heating YN

    YES

  • Heating

    Natural Gas, Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    None

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.05

  • Lot Size(square feet)

    2,350

  • Property Type

    Commercial Sale

  • Property Sub Type

    Mixed Use

Price

  • Sales Price

    $2,950,000

  • Tax Amount

    $31,791

  • Sq. Footage

    7,864

  • Price/SqFt

    $375

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    4

  • New Construction

    NO

  • Accessibility Features

    Accessible Elevator Installed

  • Sewer

    Public Sewer

  • Tax Lot

    82

  • Water Source

    Public

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

What is 3 + 4 ?


Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

PHILADELPHIA

Elementary School

Middle School

High School

Listing Courtesy of Veronica Gintel Blum, Mallin Panchelli Nadel Realty Inc

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent Theresa Kehler

Owner, President, Investment Property Advisor

Theresa Kehler

Call Theresa today to schedule a private showing.

(215) 605-9647

theresa@tntrealestatesolutions.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
1118 Walnut Street presents a rare opportunity to acquire an architecturally significant, mixed-use property in the heart of Center City. Built in 1901 and designed by noted Philadelphia architect Edward P. Hazlehurst, the 7,864 SF, four-story property is listed on the Philadelphia Register of Historic Places as the historic Peter Thomson Store and features a distinguished limestone façade. Delivered entirely vacant, the building offers immediate flexibility for owner occupancy, redevelopment, repositioning, or lease-up. The property features approximately 24 feet of Walnut Street frontage, open and adaptable upper floors, elevator access to all floors, and a full-floor two-bedroom penthouse residence. CMX-4 zoning permits a broad range of commercial, residential, office, medical, institutional, and retail uses.

1118 WALNUT STREET

Message successfully sent.

What would you like to know?

What is 3 + 4 ?

I agree to receive email communication and understand I can unsubscribe at any time.

I agree to be contacted by TNT Real Estate Solutions via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Privacy Policy

Related Properties

PRIME INVESTMENT OPPORTUNITY! We are proud to present 1540 Ridge Avenue: * 8 one bedroom apartments with two of these units being penthouse units with private roof deck access * 2 Ground Floor Commercial Spaces * 100% stabilized property * Tax abated building (4+ years left on the tax abatement) * Stainless Steel Appliances, Washer and Dryer in every unit, quartz countertops * Elevator building * Located in the heart of booming Francisville * A short walk to SEPTA Girard/Broad St Station, The Met Philadelphia, along with coffee shops, restaurants, gyms and many other retailers. * The Francisville neighborhood is popular among renters due to its proximity to Center City and Temple University. Please reach out for additional information and financials.
#PAPH2596366

PHILADELPHIA

1540 RIDGE AVENUE 42

None Beds

None Baths

10,500 Sq.Ft.

$2,600,000

MLS#: PAPH2596366

None
#PAPH2570216

PHILADELPHIA

2503 WELSH ROAD 5

None Beds

None Baths

10,416 Sq.Ft.

$2,750,000

MLS#: PAPH2570216

Location Location Location!! This is an unbeatable location for an APPROVED new construction development. See the attached documents or contact listing agent for more information. Currently a 3,000 square foot professional use building with multiple office spaces, board room(s), two bathrooms, kitchen, and large private & secured parking lot for 10 vehicles. The future of this site is up to you, with a lot of help to get you started. The Chinatown market is HOT and little/no new development sites are available. Do Not Miss this Opportunity.
#PAPH2149202

PHILADELPHIA

1026 WINTER STREET

None Beds

None Baths

4,078 Sq.Ft.

$2,950,000

MLS#: PAPH2149202

Presenting a rare turnkey investment opportunity in a high traffic South Philadelphia corridor, just moments from the Sports Complex. After more than 30 successful years, the owner of this well established food service business is retiring, offering a fully equipped, fully staffed operation with a loyal and long term team in place for a seamless transition. The sale includes 39 E. Oregon Ave. and the adjacent parcel at 29 E. Oregon Ave., which together offer exceptional future commercial or mixed use development potential. All business assets, trade fixtures, equipment, and existing goodwill are included in the sale. The property features a CMX-2 zoning designation, a Neighborhood Commercial Mixed Use classification that permits a wide range of neighborhood serving retail, commercial, and upper story residential uses. Additionally, the location features over 100 feet of frontage, a depth of 125 feet, indoor seating for 30+ patrons, and on site parking for 25+ vehicles, including an adjacent lot leased from PennDOT for $400 per month. This thriving business is an ideal acquisition for an investor or operator looking to step into a thriving income producing business in one of Philadelphia’s most desirable commercial corridors. Qualified buyers only. Proof of funds is required prior to the release of financial information or scheduling a showing. Seller financing is available.
#PAPH2655006

PHILADELPHIA

39 E OREGON AVENUE

None Beds

None Baths

2,600 Sq.Ft.

$3,200,000

MLS#: PAPH2655006

All six buildings building qualifies for CRA financing, offering buyers the opportunity to purchase with as little as 3% down, no PMI, and an interest rate lower than FHA financing. An HWA Home Warranty is also included with the sale. Exceptional turnkey investment opportunity located between the Francisville and Sharswood neighborhoods, featuring six duplex buildings constructed in 2019 for a total of 12 luxury residential units. The properties benefit from four years remaining on the tax abatement, providing investors with strong cash flow and long-term appreciation potential. The portfolio consists of two bi-level floor plans: Unit A: 3 bedrooms and 2 bathrooms, with the den serving as the third bedroom. Each Unit A includes a private patio and currently rents for $1,750 per month. Unit B: 3 bedrooms and 3 bathrooms. Each Unit B features a private courtyard deck and roof deck, with current rents of $2,150 per month. Select units feature grey oak flooring throughout and contemporary finishes, including modern kitchens equipped with quartz countertops, full-height quartz backsplashes, white soft-close cabinetry, stainless steel appliances, stainless steel farm sinks, and oversized sit-down islands. Bathrooms are enhanced with custom vanities, modern tile designs, and rain shower heads. Additional interior amenities include recessed lighting throughout and in-unit stackable front-loading washer and dryer systems. Built with both security and efficiency in mind, the properties are equipped with ADT alarm systems, motion-detection cameras, Ring doorbells, ductless multi-zone HVAC systems, energy-efficient hot water systems, high-efficiency appliances, triple-pane windows, and heavily insulated walls and ceilings designed to maximize comfort and reduce utility costs. Key Bank is currently offering a $5,000 credit that may be combined with the Philly First $10,000 grant program, creating additional value and opportunity for future investors. The location offers outstanding accessibility, situated just five minutes from the Route 15 trolley at Girard Avenue and Ridge Avenue, providing convenient access to Broad Street, Center City, the Art Museum district, Fairmount, and Temple University. Residents also enjoy close proximity to neighborhood parks and recreational areas, including Francisville Playground, Franklintown Park, and Abraham Lincoln Playground. Tax IDs for the duplexes are: 471100410, 471100500, 471100610, 471100700, 471100800, and 471100900. Schedule your showing today.
#PAPH2637332

PHILADELPHIA

1727-1737 INGERSOLL STREET

None Beds

None Baths

2,214 Sq.Ft.

$2,725,000

MLS#: PAPH2637332

90,000+ SF | Sale or Lease | Approved Expansion | Subdivision Potential An exceptional opportunity to acquire one of Philadelphia's most distinctive industrial redevelopment campuses. Encompassing more than 90,000 square feet across two interconnected reinforced concrete buildings, this historic property occupies a highly visible corner along heavily traveled Allegheny Avenue in one of Philadelphia's fastest-evolving industrial and commercial corridors. With demand for adaptive reuse projects, industrial flex campuses, and self-storage conversions continuing to grow throughout the region, this property presents an outstanding opportunity for developers, investors, owner-users, or institutional operators seeking a large-scale redevelopment or long-term investment. The campus consists of: • A 31,500 SF three-story reinforced concrete building fronting Allegheny Avenue featuring approximately 17-foot ceilings on every floor, abundant natural light, and spectacular Center City skyline views from the upper level. • An adjoining 56,000 SF two-story mushroom-column industrial building offering approximately 15-foot ceilings on the first floor, nearly 19-foot ceilings on the second floor, and an oversized interior drive-in loading bay accessed directly from C Street. Approximately 15,000 square feet of the second floor was impacted by a historic fire prior to the current ownership. All fire-damaged materials have been professionally removed and the building has been fully cleaned, providing a clear foundation for future redevelopment. Constructed of reinforced concrete and steel, the property offers the heavy floor loads, wide structural bays, and industrial character increasingly sought after for modern adaptive reuse projects. The property is zoned I-2 and benefits from a recently approved Philadelphia zoning permit authorizing the construction of an additional building above an existing attached structure. The zoning approval also permits retail sales of building supplies and equipment together with wholesale, distribution, storage, and equipment/material storage uses, providing significant future development flexibility. The approved plans also include 38 surface parking spaces, including accessible parking, along with 12 bicycle parking spaces. Potential uses include: Self-storage conversion Multi-tenant industrial campus Contractor headquarters Manufacturing Warehouse and distribution Creative office Showrooms Food production Fitness and recreational facilities Educational or maker spaces Last-mile logistics Mixed industrial flex redevelopment The existing layout also offers the ability to subdivide portions of the campus for multiple tenants or phased redevelopment, allowing investors to create diverse income streams while preserving future expansion opportunities. Environmental remediation has already been completed, including the removal, closure, and regulatory certification of former underground storage tanks, providing purchasers with confidence as they move toward redevelopment or occupancy. The property sits just two blocks from the highly successful D Street Studios adaptive reuse project, illustrating the continued transformation of this section of Philadelphia into a thriving destination for creative businesses, light manufacturing, entrepreneurs, and industrial users. It also enjoys immediate access to I-95, the Delaware waterfront, Port Richmond, Fishtown, Northern Liberties, Center City, and the region's major transportation corridors. Whether your vision is a flagship owner-user headquarters, a high-performing self-storage facility, a multi-tenant industrial campus, or Philadelphia's next successful adaptive reuse project, this rare offering provides the scale, infrastructure, approved development potential, and location to bring that vision to life.
#PAPH2643930

PHILADELPHIA

401 E ALLEGHENY AVENUE

None Beds

None Baths

90,500 Sq.Ft.

$2,595,000

MLS#: PAPH2643930

SDGRE is pleased to present The Gas Lamp Hotel, a fully operational 5-key boutique hotel located in the heart of Philadelphia's Old City Historic District. Built in 1899 and meticulously renovated in 2024, the property combines irreplaceable historic character with modern hospitality infrastructure across approximately 3,500 SF of mixed-use space at 140 N 2nd Street. The asset is anchored by five individually designed guest suites. Adams, Davy, Edison, Latimer, and Tesla. The Edison Suite is a 3-bedroom premium configuration with a full kitchen, functionally equivalent to three rentable keys. The hotel is supplemented by an income-producing ground-floor art gallery, a private outdoor courtyard, and a fully built-out basement speakeasy currently activated as private event space. Investment highlights Fully operational 5-key boutique with a reservation system, OTA channels, a direct-booking website, and stabilizing month-over-month performance. 3-bedroom suite with full kitchen generates $391 ADR and $42,261 in 2025 room revenue — effectively three rentable keys within one physical suite, contributing meaningful incremental value beyond the physical room count. The 1899 historic building was substantially renovated in 2024. Hotel opened August 2024 — buyer inherits modern systems, finishes, and FF&E with no near-term capital plan required. Hotel rooms, ground-floor gallery lease, First Friday recurring events, and 5 confirmed private events for 2026 — diversifying cash flow with high-margin pass-through revenue. +44% YoY revenue growth (Aug–Dec 2024 vs. 2025). +55% YoY direct-booking growth (Jan–Feb 2025 vs. 2026). Direct channel share now 58% of 2026 YTD revenue. Steps from Independence Mall, the Delaware River waterfront, Race Street Pier, and Market Street's restaurant corridor — Philadelphia's #1 leisure tourism submarket. Current 8% third-party management fee ( $19K/yr) represents 65 bps of stabilized cap rate expansion for an owner-operator buyer who self-manages the asset. Listing Contacts
#PAPH2623330

PHILADELPHIA

140 N 2ND STREET

None Beds

None Baths

3,500 Sq.Ft.

$2,500,000

MLS#: PAPH2623330

None
#PAPH2542984

PHILADELPHIA

1257 N NEWKIRK STREET 59

None Beds

None Baths

N/A

$3,350,000

MLS#: PAPH2542984

The Steel Heddle Building, (the “Site” and the “Property”) is an exceptional redevelopment opportunity located at 2100 W Allegheny Ave in Philadelphia, PA. The offering presents investors with the opportunity to not only reimagine an industrial building with roots dating back to 1919, but also continue the transformation of the Nicetown-Allegheny neighborhood. The property benefits from direct access to regional/local rail lines that lend easy access to the region’s employment hubs of Center City, Conshohocken and the Main Line. The proximity to the region’s thoroughfares has sparked a wave of recent investment in the submarket that puts the Steel Heddle in the path of immediate growth. Additionally, the Property is located in a Qualified Opportunity Zone and benefits from the full 10-year tax abatement, offering a rare tax advantaged opportunity for developers and investors. Currently zoned for up to 260 residential units, the Steel Heddle presents an exciting and transformational adaptive reuse project in one of the most strategically located sites in the burgeoning North Philadelphia submarket of Nicetown/Allegheny. SITE DETAIL The building is designated as a historic property and may qualify for substantial historic rehabilitation tax credits Address 2100 W Allegheny Avenue Philadelphia, PA 19132 Site Size (SF) 1.75 Acres | 75,600 SF Existing Improvement (SF) 257,000 SF Zoning I-1 Tax Parcel # 884557110 HIGHLIGHTS PREMIER INFILL ADAPTIVE REUSE OPPORTUNITY conveniently located only minutes away from East Falls, Fairmount Park, Center City and the Main Line. MAJOR EMPLOYMENT DRIVERS located within minutes of the Property. Situated in a QUALIFIED FEDERAL OPPORTUNITY ZONE and benefitting from the 10-YEAR TAX ABATEMENT, affording a new owner eligibility for the benefits and tax incentives that a QOZ provides. Robust fundamentals and market resiliency fuel LONG TERM GROWTH, as the City of Philadelphia has fared better than most major metros after an economic downturn. UNMATCHED ACCESSIBILITY to public transit (Allegheny station directly across the street) and major roadways including I-76, Route 1 and I-676 via Broad Street (Route 611).
#PAPH2649964

PHILADELPHIA

2100 W ALLEGHENY AVENUE 20

None Beds

None Baths

250,000 Sq.Ft.

$2,850,000

MLS#: PAPH2649964

Now available for lease or for sale , a rare 50,000 square foot, single-story warehouse sitting on almost 2 acres of land. located in the strawberry mansion section of philadelphia . close to major high ways and center city open floor with high ceiling, multiple drive-in doors, loading docks, bathrooms, offices, LED light, new roof and a large gated parking lot. The property is in move-in ready condition, with the flexibility to reconfigure the layout and finishes to suit a wide range of business needs. Zoned ICMX, this space supports many commercial and industrial uses, making it ideal for manufacturers, creative offices, showrooms, or flex space users. owner will consider dividing the property based on tenants needs.
#PAPH2663406

PHILADELPHIA

2059 GLENWOOD AVE W

None Beds

None Baths

47,503 Sq.Ft.

$3,500,000

MLS#: PAPH2663406

Send a message

Message successfully sent.

Your message

What is 3 + 4 ?

Reason for contacting?

I agree to receive email communication and understand I can unsubscribe at any time.

I agree to be contacted by TNT Real Estate Solutions via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Privacy Policy

Sign Out

Virtual Assistant

Would you like to take the next step with this property? We can help you schedule a showing or virtual tour, or send you more details.

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

I agree to receive communications and understand I can unsubscribe at any time.

I agree to be contacted by TNT Real Estate Solutions via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Privacy Policy

Already have an account ? Login here

We use cookies

We use cookies primarily for analytics to enhance your experience. By accepting, you agree to our use of these cookies. You can manage your preferences or learn more about our cookies policy.

Privacy Policy Terms of Service