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19,054 sqft

$8,600,000

911-913 RACE STREET, PHILADELPHIA PA, 19107

Price per sqft$451.35
Built in1965
Property size19,054 sqft
Property typeCommercial

Overview

Active

Active-bright

Listed Aug 13, 2026

Updated 3 days ago

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.

Additional information

MLS® ID
PAPH2659706

Interior Features

Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.08 Acres

Other Property Details

Taxes
$25,896
Tax Frequency
Annually
MLS provider logo

Listed by Canaan Realty Services INC
Listing Contact: 2672210988 

The IDX display contains information sourced from the Bright MLS, Inc. as of 10/2/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 10/2/2026 at 12:31 AM UTC

 

Keller Williams

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