Nightclub and Ballroom
For Sale
$3,500,000
2154-72 BRIDGE Street, Philadelphia, PA 19124
Commercial Sale, PHILADELPHIA, PA
Property Size15,213 SF
Lot Size0.51 Acres
Price / SF$230.07
Days on Market1356
Property Features for 2154-72 BRIDGE Street
General Information
Property type
Other
Property subtype
Retail
Parking
40
Parking features
Parking Lot, Driveway
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Lot size
0.51 Acres
Taxes and HOA fees
Tax Annual Amount
15665
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
ballroom
dance floor
DJ booth
stage
private lounge
living area
Building Details
Year built
1920
Building materials
Masonry
Listing Agency:
Keller Williams Real Estate-Blue Bell · Keller Williams Realty
(215) 646-2900
Listed By:
Sharyn Soliman · License #RS330729
(267) 625-7568
Added: Dec 20, 2022
Changed: Aug 19
Last Checked: Sep 6 at 12:06AM
MLS# PAPH2186434
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 15,213-square-foot masonry entertainment property, built in 1920, is configured for restaurant, nightclub, lounge, and event use. The interior includes two ballroom and dining areas with buffet spaces and dance floors, a cocktail lounge with full bar, a stage, DJ booth, VIP lounge with bar, offices, storage, and centrally positioned restrooms. Two equipped commercial kitchens serve the dining and ballroom areas. A one-bedroom, one-bath living area with living room, kitchen, and office is located above the offices. The sale includes the liquor license, restaurant furniture, fixtures, and equipment.
The property sits on 0.51 acres at the Bridge Street exit of Route 95 and is approximately 10 minutes from downtown Philadelphia. Two parking lots serve the building, with an additional 3,360-square-foot lot at 2166-68 Granite included. The ballroom renovation includes planned European white tile flooring, a raised ceiling, and three new commercial HVAC units. Forced-air heating and central air are in place.
The property sits on 0.51 acres at the Bridge Street exit of Route 95 and is approximately 10 minutes from downtown Philadelphia. Two parking lots serve the building, with an additional 3,360-square-foot lot at 2166-68 Granite included. The ballroom renovation includes planned European white tile flooring, a raised ceiling, and three new commercial HVAC units. Forced-air heating and central air are in place.
Key Highlights
- 15,213‑square‑foot entertainment property on 0.51 acres
- Two ballroom and dining areas with buffet spaces and dance floors
- Two equipped commercial kitchen areas included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$111,688
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,233,760
$2.2M
Cap Rate 7%
$1,595,543
$1.6M
Cap Rate 9%
$1,240,978
$1.2M
Market Conditions
NOI Build-Up for 15,213 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$173.4K $11.40/SF
− Vacancy
−$13.9K −$0.91/SF
EGI
$159.6K $10.49/SF
− OpEx
−$47.9K −$3.15/SF
NOI
$111.7K $7.34/SF
Area
ZIP 19124
Vacancy
8.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,233,760
Cap Rate 7%
$1,595,543
Cap Rate 9%
$1,240,978
Alternative Uses
Best Use
Specialty Retail
$8.75M
$7.66M – $10.21M
NOI $612,547 @ 7.0% cap · market cap 17.50%
Second Best
Industrial
$1.60M
$1.40M – $1.86M
NOI $111,688 @ 7.0% cap · market cap 3.19%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
959
Businesses Nearby
144k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 63%
Groceries 30%
Dining 6%
Electronics 1%
Wawa
Shops & Services
43,360 visits/mo
0.1 miles
ShopRite
Groceries
42,884 visits/mo
0.2 miles
Lukoil
Shops & Services
11,879 visits/mo
0.3 miles
Sunoco
Shops & Services
9,501 visits/mo
0.1 miles
American Heritage Credit Union
Shops & Services
9,378 visits/mo
0.1 miles
Demographics for 19124, PA
68,766
Population
27,014
Households
2.5
Avg Household Size
33
Median Age
15%
College-Educated
80%
High-School Grad
5.1 sq mi
ZIP Area
13,484
Density / Sq Mi
$46,100
Median Household Income
$35,364
Median Earnings
$1,063
Median Rent
$155,000
Median Home Value
Market
Vacancy Rate% for Retail in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Night club - Two commercial kitchens and dual parking areas support restaurant and entertainment operations.
Where is this night club located?
The property is located at 2154-72 BRIDGE Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 15,213‑square‑foot entertainment property on 0.51 acres; Two ballroom and dining areas with buffet spaces and dance floors; Two equipped commercial kitchen areas included
