Patou Update Information 22010

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Patou Update Information 22010

  1. 1. PHOTOS<br />312 Market Street, Philadelphia PA<br />
  2. 2. Property Information<br />Type of Space: Fully-FixturedRestaurant / Condo, For Sale<br />Square Feet: <br /><ul><li>Main Level: 10,729 +/- SF
  3. 3. Mezzanine: 600 +/- SF (Overlooks main dining room)
  4. 4. Additional 2 Floors: 1,000 +/- SF (above rear prep kitchen)</li></ul>Condo Fee: <br /><ul><li>$437 per month, which is 70% (based on square footage of the entire building) of the premium for condo association property / liability insurance coverage for entire building.</li></ul>• Unit A pays 25% of the building’s annual fire protection sprinkler<br />system, a cost to Unit A of $107.50 per annum.<br />Zone: C-3, liquor license includes an amusement permit (the amusement permit allows music, live or recorded). Liquor License also has a Sunday sales permit.<br />
  5. 5. Pedestrian Count Map<br />312 Market Street, Philadelphia PA<br />
  6. 6. Visitation to Greater Philadelphia<br />Greater Philadelphia welcomed more than 29 million<br />domestic visitors in 2008. This number represents<br />a modest 0.7% decline (in line with national trends)<br />from 2007 when the King Tut exhibition at The Franklin<br />drew more than one million visitors. The majority of<br />these visitors (80%) were visiting for a leisure purpose,<br />including 10.37 million overnight leisure visitors<br />Historical Visitation<br />Visitation to Greater Philadelphia has risen steadily since<br />GPTMC’s founding in 1997, when the region welcomed<br />21.47 million visitors. In 2008, that figure was 29.04<br />million, a 35% increase. Over this period, growth has<br />been slowed only by the tourism downturn after<br />September 11, 2001 and the economic concerns of 2008.<br />The strong rebound after 2001 provides reason to be<br />optimistic that the region’s tourism industry will bounce<br />back from the current recession stronger than ever<br />
  7. 7. Who Visits Greater Philadelphia?<br />“The work that GPTMC does certainly adds to the buzz about Philadelphia, enhances<br />awareness of our city’s attributes and helps the city’s hotels and the PCVB sell to<br />meetings and conventions.”<br />– Peter Tyson, vice president, PKF Consulting<br />“I LOVE the wonderful range of cultural activities available to Philadelphia residents and<br />visitors in all price ranges.”<br />– Jane G. Pepper, president, The Pennsylvania Horticultural Society<br />Source: Longwoods International<br />Source: Longwoods International<br />Greater Philadelphia’s visitors are highly educated and possess disposable income—<br />61% of overnight visitors hold a college degree or higher, and 51% have a household<br />income of more than $75,000 annually. In 2008, the average overnight travel party<br />brought 2.5 visitors to the region, with 25% of parties traveling with a child under<br />18. Day visitors are slightly younger, less affluent and more likely to be traveling with<br />children in their party than overnight visitors.<br />

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