Castor Avenue Commercial
7312-16 CASTOR Avenue, Philadelphia, PA 19152
Commercial Sale - PHILADELPHIA, PA
Type:Retail
Property size:
10,672 SFLot size:
0.09 AcresPrice / SF:
$163/SF- Added:
- Mar 26, 2025
- Days on Market:
- 428
- Last Refresh:
- May 27 at 9:06 pm
Property Features for 7312-16 CASTOR Avenue
General Information
- Property type
- Other
- Property subtype
- Retail
- Parking
- 20
- Parking features
- Parking Lot
- Standard status
- Active
- Size
- 10,672 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Annual Amount
- 16542
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1950
- Number of units
- 2
- Building materials
- Masonry
Listing agent Carlos Cesar License #AB067071 (215) 698-3987
Listing office RE/MAX 2000 14500 Bustleton Avenue, Philadelphia, PA (215) 698-2000
Listing date Mar 26, 2025
MLS# PAPH2462252
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.
HighLights
- Prime location in the heart of the Castor Ave Business corridor, Rhawnhurst, Northeast Philadelphia.
- Large commercial space: Approximately 10,672 sq ft on the main level, ideal for a bar and restaurant.
- Additional professional spaces on the second floor for administrative use or private events.
- Established business location with a history of serving the Northeast Philadelphia community for decades.
- Versatile space allows for diverse business models and revenue streams.
- Parking lot available.
Overview
Located in the Castor Ave Business corridor within the Rhawnhurst subdivision of Northeast Philadelphia, this commercial property offers approximately 10,672 square feet of space on the main level, suitable for a bar and restaurant business. The main level provides a versatile area for various business operations, allowing for creative layout and design possibilities. The expansive square footage ensures flexibility in catering to diverse customer needs, from dining areas to bar setups and entertainment spaces. In addition to the main level, the establishment includes professional spaces on the second floor, which can be utilized for administrative purposes, private events, or other business-related functions. The multi-level setup enhances the overall functionality and appeal of the property. With a history of serving the Northeast Philadelphia communities for decades, this bar and restaurant establishment has become a staple in the local scene. The property is located on a lot of 0.0888 acres. The combination of commercial space on the main level and professional spaces on the second floor opens up possibilities for various business models and revenue streams. The property at 7318 Castor Ave next door is also available for sale separately or as a package.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$1.72M
NOI $154,637 @ 9.00% cap · cautious / downside scenario
Moderate
$2.21M
NOI $154,637 @ 7.00% cap · market / base-case scenario
Aggressive
$3.09M
NOI $154,637 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Specialty Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $224.1k | $21.00 |
| − Vacancy | −$17.9k | −$1.68 |
| EGI | $206.2k | $19.32 |
| − OpEx | −$51.5k | −$4.83 |
| NOI | $154.6k | $14.49 |
10,672 SF · lease $21.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Specialty Retail
$2.21M
$1.93M – $2.58M
NOI $154,637 @ 7.0% cap · market cap 8.84%
Second Best
Retail
$1.72M
$1.51M – $2.01M
NOI $120,617 @ 7.0% cap · market cap 6.89%
Theoretical Best
Multifamily LT 5
$2.60M
$2.28M – $3.04M
NOI $182,117 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Bars & Pubs
Similar Places Nearby
- Sergio’s Restaurant and Burger - Philadelphia — 6905 Castor Ave, Philadelphia, PA 19149
- Montana Grill Restaurant — 1502 Unruh Ave, Philadelphia, PA 19111
- Cantinho da Dany — 1424 Unruh Ave, Philadelphia, PA 19111
- Buteco do Renato — 7108 Kindred St, Philadelphia, PA 19149
- New Color. BAR — 6734 Castor Ave, Philadelphia, PA 19149
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.0652161
- Latitude
- 40.0526199
Nearby Similar for Sale
FAQs
What type of property is this?
Bar & Pub - Established bar and restaurant property for sale in Philadelphia.
Where is this bar & pub located?
The property is located at 7312-16 CASTOR Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Prime location in the heart of the Castor Ave Business corridor, Rhawnhurst, Northeast Philadelphia.; Large commercial space: Approximately 10,672 sq ft on the main level, ideal for a bar and restaurant.; Additional professional spaces on the second floor for administrative use or private events.
