Restaurant and Residences
For Sale
$4,800,000
1247-53 N Front Street Philadelphia, Philadelphia, PA 19122
Turn-key restaurant plus four leased residential units and PA R liquor license for immediate operations.
Property Size15,000 SF
Price / SF$320
Days on Market35
Property Features for 1247-53 N Front Street Philadelphia
General Information
Standard status
Active
Size
15,000 SF
Additional Details
Business Included
Yes
Liquor License
Yes
Multifamily Units
4
Building Details
Year Built
1915
Listing Agency:
(866) 825-7169
Listed By:
Casey Rizer
(866) 825-7169
Source:
Va.exprealty
Added: Jul 1
Changed: Jul 10
Last Checked: Aug 4 at 2:58AM
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 Casey Rizer
Investment Insights
Based on property information with market context.
1247-53 N. Front Street is a fee-simple, fully turn-key mixed-use offering that includes the operating Front Street Cafe business, a Pennsylvania R liquor license, and all furniture, fixtures, and equipment (FF&E) necessary for day-one operations. The restaurant occupies three floors, with an expansive ground-floor dining room and bar and a second-floor event and dining level. An outdoor space is included for al fresco dining, private events, and outdoor bar service, providing an on-site amenity for guest experience.
The property also includes four fully leased residential units. These residences are part of the same ownership and are currently grossing $95,400 per year in annual revenue, creating a blended income stream alongside the restaurant operations.
For owner-operators and investors seeking a property that can run day-one as a combined hospitality and rental operation, this build provides both an in-place restaurant footprint and multiple residential tenants under one roof. The inclusion of the liquor license and FF&E reduces start-up friction, while the restaurant’s multi-level layout and dedicated outdoor area support a range of dining and event-style usage.
The property also includes four fully leased residential units. These residences are part of the same ownership and are currently grossing $95,400 per year in annual revenue, creating a blended income stream alongside the restaurant operations.
For owner-operators and investors seeking a property that can run day-one as a combined hospitality and rental operation, this build provides both an in-place restaurant footprint and multiple residential tenants under one roof. The inclusion of the liquor license and FF&E reduces start-up friction, while the restaurant’s multi-level layout and dedicated outdoor area support a range of dining and event-style usage.
Key Highlights
- Mixed‑use property with Front Street Cafe, four fully leased residential units, and fee‑simple real estate included
- Front Street Cafe spans three floors plus outdoor space for al fresco dining, private events, and warm‑weather bar service
- Sale includes a Pennsylvania R liquor license and all FF&E for day‑one operations, including kitchen equipment, bar fixtures, furniture, and point‑of‑sale systems
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $387.0k | $25.80 |
| − Vacancy | −$21.3k | −$1.42 |
| EGI | $365.7k | $24.38 |
| − OpEx | −$109.7k | −$7.31 |
| NOI | $256.0k | $17.06 |
15,000 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$3.66M
$3.20M – $4.27M
NOI $255,973 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$3.37M
$2.95M – $3.93M
NOI $235,943 @ 7.0% cap · market cap 4.92%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
1,689
Businesses Nearby
Explore this area
Business Placement
Demographics for 19122, PA
26,668
Population
10,139
Households
2.6
Avg Household Size
28
Median Age
42%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
20,514
Density / Sq Mi
$57,785
Median Household Income
$31,871
Median Earnings
$1,294
Median Rent
$341,000
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Philadelphia, PA
Properties on Market for Mixed-use properties in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Turn-key restaurant plus four leased residential units and PA R liquor license for immediate operations.
Where is this mixed-use property located?
The property is located at 1247-53 N Front Street Philadelphia Philadelphia, PA.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: Mixed‑use property with Front Street Cafe, four fully leased residential units, and fee‑simple real estate included; Front Street Cafe spans three floors plus outdoor space for al fresco dining, private events, and warm‑weather bar service; Sale includes a Pennsylvania R liquor license and all FF&E for day‑one operations, including kitchen equipment, bar fixtures, furniture, and point‑of‑sale systems
