Convenience Market with Commercial
For Sale
$350,000
101 W BERKLEY AVENUE, Clifton Heights, PA 19018
An operating deli and prepared-food business is offered with its fixtures, equipment, inventory, and underlying real estate.
Property Size2,128 SF
Lot Size0.11 Acres
Price / SF$164.47
Days on Market16
Property Features for 101 W BERKLEY AVENUE
General Information
Standard status
Active
Size
2,128 SF
Lot size
0.11 Acres
Property subtype
Retail
Financials
Asking Price
$350,000
Business Included
Yes
Restaurant
Commercial Hood
Yes
Equipment Included
Yes
Additional Details
Furnished
Yes
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$6,943
Building Details
Building Size
2,128 SF
Year Built
1952
Buildings
1
Listing Agency:
Coldwell Banker Realty
Listed By:
Matthew Stephen Bricketto · License #rs352308
(484) 888-0420
Source:
Desantis-realestate
Added: Oct 12
Changed: Oct 27
Last Checked: Oct 26 at 3:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This 1952-built commercial property combines a neighborhood market and prepared-food operation with a fully equipped food-preparation area. The retail space has shelving, display units, service counters, and refrigerated cases. Kitchen features include a commercial hood and ventilation system, pizza and deck ovens, fryers, a flat-top, stainless-steel work surfaces, refrigeration, and cold storage. The sale also includes the operating business, furniture, fixtures, equipment, and inventory. Applicable business licenses are subject to transfer requirements and regulatory approval.
The property occupies a 4,730-square-foot lot at 101 W Berkley Avenue in Clifton Heights. Its corner position, rear service access, and off-street parking support the existing retail and food-service configuration. A restroom and storage areas are also present.
The current operation serves as a deli, convenience market, and prepared-food business. The existing setup can support continuation of that operation or a different permitted food-service concept.
The property occupies a 4,730-square-foot lot at 101 W Berkley Avenue in Clifton Heights. Its corner position, rear service access, and off-street parking support the existing retail and food-service configuration. A restroom and storage areas are also present.
The current operation serves as a deli, convenience market, and prepared-food business. The existing setup can support continuation of that operation or a different permitted food-service concept.
Key Highlights
- Operating deli and prepared‑food business included with the real estate
- 4,730‑square‑foot lot at a corner location in Clifton Heights
- Commercial kitchen includes hood, ventilation, pizza and deck ovens, fryers, and flat‑top cooking equipment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,349
Cap Rate
7.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$546,980
$547.0K
Cap Rate 7%
$390,700
$390.7K
Cap Rate 9%
$303,878
$303.9K
Market Conditions
NOI Build-Up for 2,128 SF
Gross rent
$38.3K $18.00/SF
− Vacancy
−$1.8K −$0.86/SF
EGI
$36.5K $17.14/SF
− OpEx
−$9.1K −$4.28/SF
NOI
$27.3K $12.85/SF
Area
Delaware County, PA
Vacancy
4.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$546,980
Cap Rate 7%
$390,700
Cap Rate 9%
$303,878
Alternative Uses
Best Use
Specialty Retail
$390.7K
$341.9K – $455.8K
NOI $27,349 @ 7.0% cap · market cap 7.81%
Second Best
Retail
$298.5K
$261.2K – $348.2K
NOI $20,892 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$645.2K
$564.5K – $752.7K
NOI $45,163 @ 7.0% cap · market cap 12.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
741
Businesses Nearby
57k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Groceries 44%
Dining 1%
Lidl
Groceries
17,705 visits/mo
0.4 miles
Dollar Tree
Shops & Services
12,547 visits/mo
0.5 miles
Sunoco
Shops & Services
8,634 visits/mo
0.3 miles
Dollar General Market
Groceries
7,558 visits/mo
0.3 miles
7-Eleven
Shops & Services
6,117 visits/mo
0.3 miles
Demographics for 19018, PA
23,664
Population
10,201
Households
2.3
Avg Household Size
38
Median Age
30%
College-Educated
92%
High-School Grad
2.7 sq mi
ZIP Area
8,764
Density / Sq Mi
$73,451
Median Household Income
$46,387
Median Earnings
$1,346
Median Rent
$215,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Price Rite Marketplace of Secane — 923-925 Providence Rd, Secane, PA 19018
- Lidl — 713 E Baltimore Ave, Clifton Heights, PA 19018
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - An operating deli and prepared-food business is offered with its fixtures, equipment, inventory, and underlying real estate.
Where is this grocery and convenience store located?
The property is located at 101 W BERKLEY AVENUE Clifton Heights, PA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Operating deli and prepared‑food business included with the real estate; 4,730‑square‑foot lot at a corner location in Clifton Heights; Commercial kitchen includes hood, ventilation, pizza and deck ovens, fryers, and flat‑top cooking equipment
