MLS#PAPH2659706
STATUSACTIVE
PROPERTY TYPECommercial -
SUBDIVISIONCHINATOWN
SCHOOLPHILADELPHIA CITY
Property Description
Exceptional mixed-use investment opportunity at 911–913 Race Street in the heart of Philadelphia’s Chinatown. This substantial property combines a three-level restaurant operation with 12 residential apartments above, providing diversified commercial and residential income. The restaurant occupies the basement commercial kitchen, first-floor main dining hall, and second-floor banquet facilities. Commercial rent is currently $10,000 per month plus NNN expenses. The 12 residential units generate approximately $19,700 per month based on the owner-provided rent schedule. Combined scheduled base rent is approximately $29,700 per month, or $356,400 annually, excluding additional NNN reimbursements. The upper-floor apartments include a mix of one- and two-bedroom residences with kitchens, bathrooms, individual living spaces, and select city views. The commercial portion features extensive dining and banquet capacity, private dining areas, a commercial kitchen, walk-in refrigeration, prep areas, and service equipment. Located near Chinatown’s restaurants, businesses, cultural attractions, public transportation, and Center City amenities, this property offers a rare opportunity to acquire a sizable income-producing asset in a highly visible urban location. Property, unit configuration, rental amounts, lease terms, expenses, and financial information should be independently verified by the buyer. Please do not approach or disturb tenants or restaurant operations.
Property Features
Property Type: Commercial -
Basement: Yes
Cooling: None
Fuel Type: Electric
Heating: 90% Forced Air
Lot Size: 0.08 Acres
Roof Type: Flat
Taxes: $25,896
Year Built: 1965
Feature Descriptions
Accessibility: Elevator
Days on Site: 19
Exterior: Masonry
Lot Dimensions: 0.08 Acre(S)
Municipality: PHILADELPHIA
Sewer: Public Sewer
Topography: Level urban lot.
Total Garage/Parking Spaces: 0
Units: 12
Water: Public
Local Schools
School District: PHILADELPHIA CITY
Listed By / Shown By
Listed By
Agency Name: Canaan Realty Services INC
Agency Phone: 2153331826
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
911-913 Race Street | MLS# PAPH2659706
This commercial property located at 911-913 Race Street, Philadelphia, PA 19107 is currently listed for sale with an asking price of $8,600,000. 911-913 Race Street is located within the PHILADELPHIA CITY school district. Search Philadelphia real estate on www.realtymark.net today.