Retail Space
402 Wood Street Philadelphia, PA 19106
Details & Description
Price: $2,250,000
    402 Wood Street, located at the corner of 4th & Wood Streets is a mixed-use building with ground-floor restaurant and two upper floor apartments. The first floor is occupied by Radicchio Restaurant, one of Old City’s most popular full service Italian Restaurants for the last 20 years. Radicchio Restaurant also has an outdoor cafe license along Wood Street. The owner of Radicchio Restaurant is the seller of the property, and would consider staying as a tenant with a new owner. A new lease would need to be negotiated. If a new owner of the building has a tenant or would like to occupy the Radicchio space, Radicchio would be pleased to leave, and all restaurant equipment would be included in the sale.
    Additional Photos
    Listing Agents
    Steven Clofine

    O: 267-546-1755
    sclofine@mpnrealty.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    402 Wood Street

    Philadelphia, PA 19106

    Listing ID: 255419
    • 402 Wood Street Philadelphia, PA 19106 | for Sale | Photo 1
    • 402 Wood Street Philadelphia, PA 19106 | for Sale | Photo 2
    • 402 Wood Street Philadelphia, PA 19106 | for Sale | Photo 3
    • 402 Wood Street Philadelphia, PA 19106 | for Sale | Photo 4
    • 402 Wood Street Philadelphia, PA 19106 | for Sale | Photo 5
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    402 Wood Street | for Sale | Thumbnail 5
    Building Size: 3,642 SF
    Lot Size: 0.028 AC
    Land Size: 1,215 SF
    Building $/SF: $617.79
    Land $/SF: $999.00
    Price
    $2,250,000
    Description

    402 Wood Street, located at the corner of 4th & Wood Streets is a mixed-use building with ground-floor restaurant and two upper floor apartments. The first floor is occupied by Radicchio Restaurant, one of Old City’s most popular full service Italian Restaurants for the last 20 years. Radicchio Restaurant also has an outdoor cafe license along Wood Street. The owner of Radicchio Restaurant is the seller of the property, and would consider staying as a tenant with a new owner. A new lease would need to be negotiated. If a new owner of the building has a tenant or would like to occupy the Radicchio space, Radicchio would be pleased to leave, and all restaurant equipment would be included in the sale.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Philadelphia History of Retail Space for Sale

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    Philadelphia Area Market Trends

    Listing Demographics for 402 Wood Street Philadelphia, PA 19106

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population44,180469,171923,588
    Population Median Age383636
    Population by Age0-9 Yrs3095 (7%)49699 (10%)116159 (12%)
    10-19 Yrs2245 (5%)51163 (10%)113967 (12%)
    20-29 Yrs12150 (27%)103013 (21%)177985 (19%)
    30-39 Yrs9844 (22%)89681 (19%)151982 (16%)
    40-49 Yrs4781 (10%)48110 (10%)99908 (10%)
    50-59 Yrs4200 (9%)48903 (10%)104645 (11%)
    60-69 Yrs3816 (8%)42219 (8%)86254 (9%)
    70+ Yrs4049 (9%)36381 (7%)72689 (7%)
    Median HH Income$86,861$53,318$42,829
    Total Household Income< 24K3820 (17%)55543 (28%)121265 (33%)
    25-49K2695 (12%)36230 (18%)76960 (21%)
    50-74K3048 (14%)27952 (14%)52757 (14%)
    75-99K2477 (11%)19443 (10%)34411 (9%)
    100-199K6092 (28%)35866 (18%)53130 (14%)
    200K+3345 (15%)16974 (8%)20485 (5%)
    Highest Education LevelNo Diploma303651615110284
    Diploma or GED450081366187984
    Some College36664047094216
    Assoc. Degree10731361529544
    Bachelors Degree1196375622109750
    Higher Degree115006544787545
    Total Housing Units24,440223,726420,609
    --Owner-Occupied7,74486,089168,947
    --Renter-Occupied13,733105,920190,063
    Owner-Occupied Values< 100K1551706759743
    100-199K4941909443017
    200-299K12321650525735
    300-399K18711182514869
    400-499K88268348634
    500K+31111476516948
    Total Working Age Population39,994394,837743,642
    In Work Force28,073250,137447,229
    Not In Work Force11,921144,700296,413
    Workforce Employed26,789230,044406,458
    Workforce Unemployed1,21919,90640,582
    Civlian Workforce28,008249,950447,040
    Military Workforce66186189
    Total Households21,477192,009359,010
    Family Households7,46485,585180,911
    Non-Family Households14,013106,424178,099
    Married Couple5,57247,55786,163
    Other Family1,89238,02894,748
    Married w/Child1,68416,31730,734
    Single Male w/Child2173,5868,236
    Single Female w/Child61314,15338,230

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    New Jersey8,414,350+48,791,894+49,132,700+49,530,900
    Burlington County423,394+6448,7340450,000+3464,900
    Camden County508,932+1513,6570511,800+2521,000
    Gloucester County254,673+13288,288+1292,000+5305,800
    Pennsylvania12,281,054+312,702,379+413,230,170+413,759,594
    Delaware County550,864+1558,979+5588,436+6622,307
    Montgomery County750,097+7799,874+5838,883+6891,868
    Philadelphia County1,517,550+11,526,006+81,653,729+61,753,054

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

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    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 402 Wood Street in Philadelphia?
    The asking price for 402 Wood Street is $2,250,000
    What is the building size of this Retail property in Philadelphia, PA?
    The size of the building/unit at 402 Wood Street in Philadelphia is 3,642 square feet
    How much land does the Philadelphia, PA property at 402 Wood Street include?
    402 Wood Street in Philadelphia includes 0.028 acres of land
    What kind of Retail is the propery at 402 Wood Street?
    The property at 402 Wood Street Philadelphia, PA 19106 is listed as a Food Service Retail property
    What is the population within 1 mile of 402 Wood Street in Philadelphia?
    The population within 1 mile of 402 Wood Street Philadelphia, PA 19106 is 44,180 people.
    Who do I contact for questions about 402 Wood Street?
    You should contact the listing agent, Steven Clofine, for any details regarding this commercial listing.

    Closest Commercial Airports

    Airport Distance (mi)
    Philadelphia International Airport (PHL) 8
    Newark Liberty International Airport (EWR) 72
    John F Kennedy International Airport (JFK) 86