Turnkey 2nd Gen Retail/Office | Philadelphia Chinatown
Street Level Commercial Condo
Marketing description
Take advantage of Philly’s booming Chinatown market with this contemporary street-level commercial condo. Located in Center City—the country’s second-densest downtown corridor behind only Manhattan—this Philadelphia property commands exceptional, built-in daily foot traffic.
Built in 2007 and featuring the favorable CMX-4 zoning, this space is currently occupied by the well-established and highly-rated Asian yogurt and dessert franchise Hey Yogurt. But soon the property will be ready for a new business owner. It is ideal for a non-vented food & beverage concept, boutique retail, med-spa or professional office. This rare asset offers incredible commercial fundamentals and excellent potential for long-term appreciation. With high visibility and just a short walk away from several transit stations, this property provides an ideal, low-overhead opportunity for an independent business owner or a savvy investor seeking a low-maintenance asset.
TURNKEY PLATFORM – BYPASS CONTRACTOR & PERMIT DELAYS
Unlike empty shell spaces, this property comes fully plumbed and custom-fit with countertops, extensive cabinetry, and multiple active wet-bar/hand-washing stations, while still leaving the majority of the space open for use. A new owner or tenant can completely bypass expensive contractor fees, concrete floor cutting and city plumbing permit wait times—saving massive amounts of money and time.
1031 ELIGIBILITY, FINANCING & DELIVERY
This property features a clean, continuous history of being leased over the years, firmly establishing its 1031-exchange eligibility under IRS rules. To maximize flexibility for the next owner, the property is being delivered 100% vacant at closing. And it is perfectly positioned for SBA 504 or 7(a) financing, allowing qualified owner-users to secure commercial real estate ownership with as little as 10% down.
The Opportunity Zone designation is automated and should be verified by the buyer. The $418 monthly HOA fee covers common area maintenance, building shell and original configuration insurance, and baseline water use. The annual property tax, Center City Fee, and trash fee total is $3,908.
Showings are available by appointment to serious inquiries only. For access to other property details, please contact listing agent to schedule a confidential discussion.
Investment highlights
- Prime Chinatown Location: High-visibility spot in a major tourist hub with heavy foot traffic.
- Turnkey Retail/Office Layout: Versatile, wide-open layout with multiple sinks, deep cabinetry and extensive counter space.
- Massive Student Demographic: Directly connected to a large university population via excellent transit links.
- Vibrant Commercial Surroundings: Located in a dense retail and restaurant district near world-class amenities.
- Historic & Cultural Proximity: Minutes away from top-tier art, medical and historic institutions.
- Strong Population Growth: Downtown’s population exceeds 210,000, with 40% falling into the high-spending 22–34 age demographic—the area’s peak retail consumers
- 1031 exchange eligible: Clear history as an active investment property ensures a seamless transition for exchange buyers
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