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Snipes Building 417-421 South St Local commercial 3 066 m² 55 % Loué À vendre Philadelphia, PA 19147 5 996 946 € (1 956,08 €/m²) Taux de capitalisation 9,30 %
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- The Snipes Building at 417-421 South Street is a mixed-use property spanning approximately 33,000 square feet with a December 2025 appraisal of $7.4M.
- Accounting for the Snipes and Regus leases, and the leasing of current vacancies, the gross annual rent roll is estimated to reach $798,000 by 2028.
- Valuable South Street address surrounded by the city’s top dining, shopping, and nightlife destinations and close to major tourist attractions.
- Regus, operated by the world’s largest coworking firm, recently opened on-site and is projected to contribute $333,000 per year from 2029 to 2036.
- Recent improvements include new HVAC (except the third floor), a renovated sprinkler system, upgraded signage, and a revamped façade.
Résumé analytique
This newly renovated three-story office/retail building boasts a completely redone façade, wall-to-wall professional window displays on all three floors, new HVAC, and updated street-level signage. Its only vacancies are 6,000 square feet on the basement level and 9,000 square feet on the third floor. These are listed non-exclusively at annual rates of $10 per square foot for the basement and $15 per square foot for the third floor.
An appraisal was completed in December 2025 for $7.4 million based on the Regus income projection. Gross rent income is estimated to reach $798,000 by 2028, and all tenants pay for PECO (property operating expenses), water, sewer, and security. Snipes accounts for $270,000 in yearly income. The new Regus location is projected to provide $88,000 net revenue in 2026*, $222,000 in 2027, $290,000 in 2028, and $333,000 per year from 2029 to 2036. Leasing the vacancies can then provide an additional $195,000 in yearly revenue. Tax expenses are approximately $93,000, insurance is $39,027, and the South Street Tax is $9,558.
NOTE: IMPORTANT REGUS (9000 SQ) UPDATE. RATHER THAN BEING 20% OCCUPIED BY DEC 31, 2026, REGUS IS NOW ADVISING THAT THE BUILDING WILL BE 67% OCCUPIDED BY MID-APRIL & 73.5% BY MAY. SHOULD BRING US TO 100% OCCUPANCY BY THE END OF 2026. $300-$330,000 CASH FLOW PER YEAR BY YEAREND VS $88,000-YEAR 1.
The Snipes Building is one of the largest and best-quality properties on Philadelphia’s sought-after South Street, an active cosmopolitan thoroughfare of boutiques, renowned restaurants, nightlife, and more. This vibrant corridor continues to see youthful development, as evidenced by the 150-unit apartment building coming 50 yards away at Bainbridge and 5th. Its position between the Society Hill and Queen Village neighborhoods is a strong advantage for long-term value. Major landmarks like Independence Hall and the Liberty Bell are steps away, complemented by the city’s best dining and shopping destinations.
Bilan financier (Pro forma - 2026) Cliquez ici pour accéder à |
Annuel | Annuel par m² |
|---|---|---|
| Revenu de location brut |
$99,999
|
$9.99
|
| Autres revenus |
-
|
-
|
| Perte due à la vacance |
-
|
-
|
| Revenu brut effectif |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Frais d’exploitation |
$99,999
|
$9.99
|
| Total des frais |
$99,999
|
$9.99
|
| Résultat net d’exploitation |
$99,999
|
$9.99
|
Bilan financier (Pro forma - 2026) Cliquez ici pour accéder à
| Revenu de location brut | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
| Autres revenus | |
|---|---|
| Annuel | - |
| Annuel par m² | - |
| Perte due à la vacance | |
|---|---|
| Annuel | - |
| Annuel par m² | - |
| Revenu brut effectif | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
| Taxes | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
| Frais d’exploitation | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
| Total des frais | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
| Résultat net d’exploitation | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
Informations sur l’immeuble
Caractéristiques
- Accès 24 h/24
- Installations de conférences
- Signalisation
- Accessible fauteuils roulants
- Climatisation
- Détecteur de fumée
Principaux occupants Cliquez ici pour accéder à
- Occupant
- Secteur d’activité
- m² Occupés
- Loyer/m²
- Type de bail
- Fin du bail
- Regus
- Services administratifs et de soutien
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
-
- Enseigne
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
SNIPES is a sneaker and streetwear retailer operating in the United States as part of a global retail platform. The brand originated in Essen, Germany, where it was founded in 1998 as a specialty retailer focused on footwear and urban apparel. SNIPES entered the U.S. market through acquisitions and organic expansion, including the acquisition of KicksUSA in 2019, which established a significant operational footprint in the Mid-Atlantic region. In the United States, SNIPES operates brick-and-mortar retail stores alongside an e-commerce platform, offering footwear, apparel, and accessories from global athletic and lifestyle brands. The company is privately held and operates as a subsidiary of the Deichmann Group, a family-owned European footwear retailer. SNIPES USA is managed by a dedicated U.S. executive team responsible for retail operations, merchandising, finance, and real estate functions. Leadership changes in 2024 included the appointment of a new U.S. president, reflecting ongoing organizational development. The company continues to operate within the broader SNIPES global structure while maintaining localized U.S. operations and decision-making.
| Occupant | Secteur d’activité | m² Occupés | Loyer/m² | Type de bail | Fin du bail | |
| Regus | Services administratifs et de soutien | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
|
|
Enseigne | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Disponibilité de l’espace
- Espace
- Surface
- Type de bien
- Poste
- Disponible
Sous-sol aménagé, monte-charge
Un espace de bureau récemment rénové au 3ème étage est disponible à la location. Il offre un aménagement ouvert avec un parquet moderne, des toilettes privées, un accès par escalier, ainsi que des fenêtres panoramiques donnant sur la rue, permettant une lumière naturelle abondante. Cet espace peut être loué en continuité avec le 2ème étage. Le loyer demandé est actuellement de 14 $/pi², avec des charges communes supplémentaires de 6 $/pi².
| Espace | Surface | Type de bien | Poste | Disponible |
| Sous-sol | 557 m² | Local d’activités | - | Maintenant |
| 3e étage | 836 m² | Local d’activités | - | Maintenant |
Sous-sol
| Surface |
| 557 m² |
| Type de bien |
| Local d’activités |
| Poste |
| - |
| Disponible |
| Maintenant |
3e étage
| Surface |
| 836 m² |
| Type de bien |
| Local d’activités |
| Poste |
| - |
| Disponible |
| Maintenant |
Sous-sol
| Surface | 557 m² |
| Type de bien | Local d’activités |
| Poste | - |
| Disponible | Maintenant |
Sous-sol aménagé, monte-charge
3e étage
| Surface | 836 m² |
| Type de bien | Local d’activités |
| Poste | - |
| Disponible | Maintenant |
Un espace de bureau récemment rénové au 3ème étage est disponible à la location. Il offre un aménagement ouvert avec un parquet moderne, des toilettes privées, un accès par escalier, ainsi que des fenêtres panoramiques donnant sur la rue, permettant une lumière naturelle abondante. Cet espace peut être loué en continuité avec le 2ème étage. Le loyer demandé est actuellement de 14 $/pi², avec des charges communes supplémentaires de 6 $/pi².
À propos du quartier Salle de l'Indépendance
Taking its name from the building where both the Declaration of Independence and the U.S. Constitution were signed, Independence Hall anchors the historic center of downtown Philadelphia. Independence Hall Historical Park alone draws up to 5 million visitors annually, and the Liberty Bell, the Constitution Center, and a wealth of stunning historic architecture also make this area a destination for tourist traffic in the Greater Philadelphia area.
Neighborhoods within the area, including Old City and Society Hill, create a thriving residential market where average household incomes surpass $150,000, according to the U.S. Census Bureau. Many of Center City Philadelphia’s highest-end dining and hotel options are located here, including Talula’s Garden; Morimoto; and Zahav, which was awarded best restaurant in the U.S. by the James Beard Foundation in 2019.
However, Independence Hall’s vibrancy extends beyond its historical charm and affluent residents. Stations serviced by SEPTA’s regional rail, New Jersey’s PATCO high speed rail line, and Philadelphia’s Market Frankford subway line all support more than 5 million square feet of office properties, anchored by major employers including Wells Fargo, the American College of Physicians, and the Federal Reserve Bank of Philadelphia.
This high density of tourists, residents, and office workers, coupled with its rich historical significance, makes Independence Hall an attractive destination for almost any type of retailer.
Données démographiques
Données démographiques
À proximité
Restaurants |
|||
|---|---|---|---|
| Silver Fork | Japonais | €€ | 1 min. à pied |
| Fat Tuesday | - | - | 2 min. à pied |
| Milkboy South Street | Sandwichs | €€€ | 1 min. à pied |
| Jim's Steaks South St | Américain | USD | 2 min. à pied |
| Queen Village Food Market & Deli | Traiteur | - | 3 min. à pied |
| South Street Souvlaki | Grec | €€ | 3 min. à pied |
| Manny Brown's | Barbecue | €€ | 3 min. à pied |
| Tattooed Mom Restaurant | Nourriture de brasserie | USD | 4 min. à pied |
| Restaurant Ambra | Italien | €€€€ | 3 min. à pied |
| Woodrow's Sandwich Shop | Sandwichs | USD | 5 min. à pied |
Local commercial |
||
|---|---|---|
| The UPS Store | Services commerciaux/Photocopies/Poste | 2 min. à pied |
| Painting With A Twist | Arts/Bricolage | 4 min. à pied |
| Cvs Pharmacy | Pharmacie | 5 min. à pied |
| Wawa | Supermarché de quartier | 6 min. à pied |
| Whole Foods Market | Supermarché | 10 min. à pied |
Hôtels |
|
|---|---|
| Marriott |
364 chambres
3 min en voiture
|
| Kimpton |
268 chambres
3 min en voiture
|
| Renaissance |
152 chambres
3 min en voiture
|
| Wyndham |
364 chambres
4 min en voiture
|
| Hilton |
350 chambres
3 min en voiture
|
| Club Quarters |
275 chambres
6 min en voiture
|
Taxes foncières
| Numéro de parcelle | 882650400 | Évaluation totale | 5 788 304 € |
| Évaluation du terrain | 1 157 661 € | Impôts annuels | -1 € (0,00 €/m²) |
| Évaluation des aménagements | 4 630 644 € | Année d’imposition | 2026 |
Taxes foncières
Conseiller en vente
Conseiller en vente
Barry Bernsten, Manager
Présenté par
KRB Management Assoc.
Snipes Building | 417-421 South St
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