Liquor License Retail
For Sale
$719,000
1107 Race St, Philadelphia, PA 19107
For-sale liquor distribution business includes a D distributor liquor license with retail counter, cooler, and rear drive-in loading.
Property Size3,840 SF
Price / SF$187.24
Days on Market97
Property Features for 1107 Race St
General Information
Standard status
Active
Size
3,840 SF
Property subtype
Business Opportunity
Site & Location
Neighborhood
Center City
Additional Details
Business Included
Yes
Drive-In Doors
1
Liquor License
Yes
Building Details
Year Built
1920
Listing Agency:
Keller Williams Realty
Listed By:
Paul P Cheng · License #AB068536
(215) 327-1722
Source:
Soldbypattie
Added: Jul 21
Changed: Oct 11
Last Checked: Oct 7 at 1:07PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This is a for-sale liquor license business asset package that includes a D distributor liquor license. The first-floor operations area features an open retail counter, a walk-in cooler, extensive wholesale liquor shelving and storage, and a rear drive-in loading door designed for deliveries. The second floor was previously configured as a dining area with a food preparation space and a restroom, and it currently requires TLC.
The business is located in Philadelphia’s Center City Chinatown area. The property is described as being directly across from the Convention Center and just steps from Reading Terminal Market and other Center City destinations.
The real estate is not included; the sale is for business assets and the D distributor liquor license only. The landlord is willing to negotiate a new lease with the buyer. Showings are by appointment only, and buyers must provide proof of funds prior to scheduling. Please do not disturb employees or business operations.
The business is located in Philadelphia’s Center City Chinatown area. The property is described as being directly across from the Convention Center and just steps from Reading Terminal Market and other Center City destinations.
The real estate is not included; the sale is for business assets and the D distributor liquor license only. The landlord is willing to negotiate a new lease with the buyer. Showings are by appointment only, and buyers must provide proof of funds prior to scheduling. Please do not disturb employees or business operations.
Key Highlights
- For‑sale D distributor liquor license business in Center City Chinatown (business asset sale only).
- Includes D distributor liquor license plus business assets; real estate is not included.
- First floor setup includes open retail counter, walk‑in cooler, extensive wholesale liquor shelving/storage, and rear drive‑in loading door.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,400
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$868,000
$868.0K
Cap Rate 7%
$620,000
$620.0K
Cap Rate 9%
$482,222
$482.2K
Market Conditions
NOI Build-Up for 3,840 SF
Gross rent
$69.1K $18.00/SF
− Vacancy
−$7.1K −$1.85/SF
EGI
$62.0K $16.15/SF
− OpEx
−$18.6K −$4.84/SF
NOI
$43.4K $11.30/SF
Area
Philadelphia, PA
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$868,000
Cap Rate 7%
$620,000
Cap Rate 9%
$482,222
Alternative Uses
Best Use
Retail
$620.0K
$542.5K – $723.3K
NOI $43,400 @ 7.0% cap · market cap 6.04%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$936.1K
$819.1K – $1.09M
NOI $65,529 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Drive-in doors
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
23,613
Businesses Nearby
152k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 58%
Dining 35%
Shops & Services 5%
Home Improvements & Furnishings 3%
The Ritz-Carlton, Philadelphia
Hotels & Casinos
30,824 visits/mo
0.4 miles
Starbucks
Dining
16,511 visits/mo
0.2 miles
Four Points by Sheraton Philadelphia City Center Hotel
Hotels & Casinos
15,625 visits/mo
0.0 miles
Sheraton Philidelphia
Hotels & Casinos
15,588 visits/mo
0.4 miles
Ocean Prime
Dining
15,550 visits/mo
0.5 miles
Demographics for 19107, PA
17,600
Population
10,239
Households
1.7
Avg Household Size
32
Median Age
72%
College-Educated
92%
High-School Grad
0.5 sq mi
ZIP Area
35,200
Density / Sq Mi
$70,382
Median Household Income
$57,694
Median Earnings
$1,691
Median Rent
$452,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Philadelphia, PA
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Frequently Asked Questions
What type of property is this?
Storefront property - For-sale liquor distribution business includes a D distributor liquor license with retail counter, cooler, and rear drive-in loading.
Where is this storefront property located?
The property is located at 1107 Race St Philadelphia, PA.
What is the asking price?
The asking price for this property is $719,000.
What are key features of this property?
This property features: For‑sale D distributor liquor license business in Center City Chinatown (business asset sale only).; Includes D distributor liquor license plus business assets; real estate is not included.; First floor setup includes open retail counter, walk‑in cooler, extensive wholesale liquor shelving/storage, and rear drive‑in loading door.
