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1118 Walnut StreetPhiladelphia, PA 19107Price: $2,950,000

  • Price: $2,950,000
  • 2 Days on Market
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Federal 30-year interest rate: 7.28% last updated on Oct 1, 2026
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1118 Walnut Street Philadelphia PA 191071118 Walnut Street Philadelphia PA 19107
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  • 0.05Acreage
  • 1900Year Built
  • DowntownLocationType
  • 375Price Per Square Foot
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 faade. 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.
Listed by Veronica Gintel Blum of Mallin Panchelli Nadel Realty Inc

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Railey Vacations

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Railey Vacations
Office: 301-387-2124
5 Vacation Way
McHenry, MD 21541

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Location Information

  • UsmAreaPhiladelphia -

Parking

  • Parking TypesNone

Basic Information

  • Date Listed10/02/2026

Location

  • Address1118 Walnut Street
  • Building Number1118
  • CountyPhiladelphia
  • DirectionsBetween 11th & 12th Sts on Walnut St.
  • IncorporatedcitynamePhiladelphia
  • StatePA
  • TownPhiladelphia
  • Zip19107

Utilities

  • Central Air YNYes
  • CoolingCentral A/C
  • Cooling FuelElectric
  • GreenremarksCentral light well bringing natural light throughout all four levels of the building.
  • Heat System90% Forced Air
  • Heating FuelNatural Gas
  • Heating YNYes
  • SewerPublic Sewer
  • Water Heater60+ Gallon Tank
  • Water SourcePublic

Basic Information

  • Broker NameMallin Panchelli Nadel Realty Inc
  • List Price$2,950,000
  • LocationTypeDowntown
  • MLS NumberPAPH2673656
  • MLS Property TypeCommercial Sale
  • Price Per Square Foot375
  • StatusACT

Building

  • Building Area SourceEstimated
  • Building Area Total7864
  • Construction MaterialsMasonry
  • Elevators1
  • Stories4
  • Year Built1900

Amenities

  • Accessibility AmenitiesElevator

Legal

  • LandusecodeBD0
  • PossessionNegotiable
  • Sale TypeStandard

Other

  • Historic YNYes

Tax Information

  • Assessment Year2027
  • City Town Tax$13,987
  • City Town Tax Payment FrequencyAnnually
  • School Tax$17,803
  • Tax Assessment Amount$2,271,100
  • Tax Lot82
  • Tax Year2027
  • Taxes$31,791
  • Total Taxes Payment FrequencyAnnually

Property

  • Acreage0.05
  • Business TypeOther/General Retail
  • Lot Dimensions SourceEstimated
  • Lot Size Dimensions24' x 100'
  • Lot Size SourceEstimated
  • Lot Size Square Feet2,350.02
  • New Construction YNN
  • Property SubTypeMixed Use
  • Road Frontage Length24
  • ZoningCMX4

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Copyright 2026 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Railey Vacations participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated October 4, 2026. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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