Turnkey Restaurant and
For Sale
$1,950,000
9360 9360-9370 Old Bustleton Ave, Philadelphia, PA 19115
Turnkey restaurant and bar with two dining rooms, banquet room, full kitchen and bar equipment, plus an apartment.
Property Size7,330 SF
Price / SF$266.03
Days on Market43
Property Features for 9360 9360-9370 Old Bustleton Ave
General Information
Standard status
Active
Size
7,330 SF
Total Parking Spaces
65
Additional Details
Furnished
Yes
Business Included
Yes
Building Details
Year Built
1958
Listing Agency:
BHHS Fox & Roach-Rosemont
(267) 525-7900
Listed By:
Thomas Martin
Source:
Kandorre
Added: Jul 21
Changed: Jul 22
Last Checked: Aug 30 at 8:28PM
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 BHHS Fox & Roach-Rosemont
Investment Insights
Based on property information with market context.
This fully turnkey restaurant and bar is set up for immediate operation, featuring two dining rooms, a banquet room, and a full bar. The sale includes commercial kitchen appliances and bar equipment, along with refrigeration, prep stations, and dining furniture. The property is also described as having a flexible floor plan suitable for dining, entertainment, private events, or rebranding to fit a new concept.
Located at 9360–9370 Old Bustleton Ave in Philadelphia, the property is presented as a high-visibility site with strong accessibility. It includes 65 parking spaces designed to accommodate guests during peak hours and special events.
In addition to the dining space, the property also includes an apartment. A liquor license is noted as available at an additional price. Please arrange showings through the listing agent and do not speak with staff regarding the sale.
Located at 9360–9370 Old Bustleton Ave in Philadelphia, the property is presented as a high-visibility site with strong accessibility. It includes 65 parking spaces designed to accommodate guests during peak hours and special events.
In addition to the dining space, the property also includes an apartment. A liquor license is noted as available at an additional price. Please arrange showings through the listing agent and do not speak with staff regarding the sale.
Key Highlights
- Turnkey restaurant and bar built in 1958, including existing kitchen and bar equipment, furnishings, and fixtures
- Floor plan includes two dining rooms plus a banquet room and a bar
- Includes commercial kitchen appliances, bar equipment, refrigeration, prep stations, and dining furniture
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$106,212
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,124,240
$2.1M
Cap Rate 7%
$1,517,314
$1.5M
Cap Rate 9%
$1,180,133
$1.2M
Market Conditions
NOI Build-Up for 7,330 SF
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.
Gross rent
$153.9K $21.00/SF
− Vacancy
−$12.3K −$1.68/SF
EGI
$141.6K $19.32/SF
− OpEx
−$35.4K −$4.83/SF
NOI
$106.2K $14.49/SF
Area
Philadelphia, PA
Vacancy
8.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,124,240
Cap Rate 7%
$1,517,314
Cap Rate 9%
$1,180,133
Alternative Uses
Best Use
Specialty Retail
$1.52M
$1.33M – $1.77M
NOI $106,212 @ 7.0% cap · market cap 5.45%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.79M
$1.56M – $2.08M
NOI $125,086 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,370
Businesses Nearby
175k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 61%
Leisure 14%
Groceries 13%
Dining 12%
Wawa
Shops & Services
41,640 visits/mo
0.4 miles
Bank of America
Shops & Services
25,452 visits/mo
0.2 miles
Regal UA
Leisure
25,087 visits/mo
0.4 miles
Aldi
Groceries
23,112 visits/mo
0.4 miles
Dollar Tree
Shops & Services
13,777 visits/mo
0.3 miles
Demographics for 19115, PA
35,919
Population
15,071
Households
2.4
Avg Household Size
44
Median Age
37%
College-Educated
92%
High-School Grad
5.2 sq mi
ZIP Area
6,908
Density / Sq Mi
$70,388
Median Household Income
$48,949
Median Earnings
$1,230
Median Rent
$330,500
Median Home Value
Market
Vacancy Rate% for Retail in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey restaurant and bar with two dining rooms, banquet room, full kitchen and bar equipment, plus an apartment.
Where is this conventional restaurant located?
The property is located at 9360 9360-9370 Old Bustleton Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Turnkey restaurant and bar built in 1958, including existing kitchen and bar equipment, furnishings, and fixtures; Floor plan includes two dining rooms plus a banquet room and a bar; Includes commercial kitchen appliances, bar equipment, refrigeration, prep stations, and dining furniture
