911-913 Race St, Philadelphia, PA 19107

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.