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    Three-Story Music Venue and Bar Title is generated by Realmo AI

    410-12 W Girard Avenue, Philadelphia, PA 19123

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    For Sale
    $800,000

    Historic three-story property currently operating as a music venue and bar, with upper floors partially demolished.

    Type:Retail
    Property size:
    4,860 SF
    Price / SF:
    $164/SF
    Added:
    Sep 22, 2024
    Days on Market:
    639
    Last Refresh:
    Jun 20 at 8:40 am

    Property Features for 410-12 W Girard Avenue

    General Information

    Standard status
    Active
    Size
    4,860 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1936

    We can help!

    Listing Contact
    Jamie Weiner
    Jamie Weiner

    Listing agent Jamie Weiner License #RM422933

    Listing office Delphi Property Group, LLC

    Listing date Sep 22, 2024

    Source Xome

    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 Delphi Property Group, LLC

    HighLights

    • Includes 410 & 412 W Girard Ave, Philadelphia, PA 19123‑1412
    • 3‑story building totaling 4,860 SF, built in 1936
    • Currently operating as a music venue and bar
    • Second and third floors are partially demolished; previously configured as residential units
    • Zoning: CMX2
    • Liquor license not included; can be purchased

    Overview

    The sale includes 410 and 412 W Girard Ave, a 4,860-square-foot, three-story building constructed in 1920. The property is currently used as a music venue and bar. The second and third floors are in a partially demolished condition, and they were formerly configured as residential units. A liquor license is not included in the sale; the license can be purchased separately.

    Located in Philadelphia’s Northern Liberties area, the building presents a mix of operating space on the ground level and space that may require redevelopment above. Its existing structure and historic character are consistent with a renovation-oriented conversion and reconfiguration strategy.

    For a buyer or operator, this setup can support continued use as a music venue and bar while planning improvements to the upper levels where prior residential layouts existed. Because the liquor license is excluded from the transaction, prospective operators should plan accordingly and verify licensing requirements as part of their timeline and operating plan.

    Local Financial Insights For Specialty Retail

    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 $102.1k $21.00
    − Vacancy −$8.2k −$1.68
    EGI $93.9k $19.32
    − OpEx −$23.5k −$4.83
    NOI $70.4k $14.49
    4,860 SF · lease $21.00/SF/yr · vacancy 8.00% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $1.01M
    $880.3K – $1.17M (±1% cap)
    NOI $70,421 @ 7.0% cap · market cap 8.80%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Multifamily LT 5
    $1.18M
    $1.04M – $1.38M (±1% cap)
    NOI $82,935 @ 7.0% cap · market cap 10.37%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Starbucks — 456 N 5th St, Philadelphia, PA 19123
    • Zee Bar — 100 Spring Garden St, Philadelphia, PA 19123
    • Lit Ultrabar — 460 N 2nd St, Philadelphia, PA 19123
    • Gardendale Social Club — 417 n 8th st, philadelphia, pa 19123
    • Silk City — 435 Spring Garden St, Philadelphia, PA 19123

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.1435084
    Latitude
    39.9697768

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    FAQs

    What type of property is this?
    Bar & Pub - Historic three-story property currently operating as a music venue and bar, with upper floors partially demolished.
    Where is this bar & pub located?
    The property is located at 410-12 W Girard Avenue Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: Includes 410 & 412 W Girard Ave, Philadelphia, PA 19123‑1412; 3‑story building totaling 4,860 SF, built in 1936; Currently operating as a music venue and bar
    (215) 627-7300
    We can help!
    Listing Contact
    Jamie Weiner
    Jamie Weiner
    Real Estate License ID: RM422933
    Learn More
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