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118-122 Market St
Philadelphia, PA 19106 Old City

$7,000 USD/MO

Apartments For Lease  •  3,000 SF

Property Details

  • Property Type Apartments
  • Year Built 1900
  • Total Building Size 17,769 SF
  • Building Class C
  • Zoning CMX3
93 Transit Score
98 Walk Score

1 Space Available

Name Space Use Size Rent Details
1st Floor Ste Retail 3,000 SF $28.00 USD/SF/YR 
This property features approximately 3,000 SF of second-generation corner restaurant space, complemented by an additional 3,000 SF usable basement with a walk-in cooler. The layout includes two existing bars, providing a turnkey opportunity for food and beverage operators. With 45 feet of frontage along Market Street and expansive windows on both Market and Letitia Streets, the space offers excellent visibility and natural light. Positioned in Old City’s vibrant dining and retail corridor, this location is ideal for attracting both local patrons and tourist traffic.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Triple Net
  • Built out as: Restaurants And Cafes
  • Space Type: Relet

Description 

Prime corner restaurant space in the heart of Old City! This 3,000 SF second-generation restaurant offers exceptional visibility and functionality for your next concept. The property includes two existing bars, a usable basement with walk-in, and 45 feet of frontage along Market Street. With windows on both Market and Letitia Streets, this space is ideal for attracting both local patrons and tourist traffic. Located just steps from Independence Mall and surrounded by thousands of new apartment units, this site sits in Old City’s premier dining and retail corridor.

Highlights

Surrounded by restaurants, cocktail bars, specialty shops, and cafes.
Local and tourist activity near Independence Mall and new residential developments.
Enhancing walkability and bike safety between 2nd and 6th Streets.
Corner site with dual street frontage and large windows.

Property Flyers

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Cable Ready
  • Controlled Access
  • Dishwasher
  • Disposal
  • Tenant Controlled HVAC
  • Heating
  • Disposal Chutes
  • On-Site Retail
  • Renters Insurance Program
  • Kitchen
  • Hardwood Floors
  • High Speed Internet Access
  • Ice Maker
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Walk-In Closets
  • Carpet
  • Hearing Impaired Accessible
  • Maintenance on site
  • Online Services
  • Vision Impaired Accessible
  • Handrails
  • Warming Drawer
  • Window Coverings
  • Individual Locking Bedrooms
  • Large Bedrooms
  • Private Bathroom

Public Transportation

Commuter RailDriveWalkDistance
Market East (R1 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R2 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R3 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R5 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R6 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R7 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R8 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail)) 4 min 17 min 0.9 mi
Suburban Station (R1 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R2 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R3 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R5 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R6 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R7 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R8 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail)) 6 min - 1.7 mi
Transit/SubwayDriveWalkDistance
2nd Street (Market-Frankford Line - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley)) 2 min 1 min 0.1 mi
5th Street (Market-Frankford Line - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley)) 3 min 7 min 0.3 mi
8th & Market St (PATCO Speedline - Port Authority Transit Corporation Speedline (PATCO Speedline)) 3 min 11 min 0.6 mi
Chinatown (Broad Street Line - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley)) 4 min 18 min 0.9 mi
9th-10th & Locust St (PATCO Speedline - Port Authority Transit Corporation Speedline (PATCO Speedline)) 4 min 18 min 0.9 mi
AirportDriveWalkDistance
Philadelphia International 19 min - 11.1 mi
Trenton Mercer 49 min - 33.1 mi
Kyle Ruffing 267-394-2735 MPN Realty
Kyle Ruffing 267-394-2735 MPN Realty