Multi-Floor Restaurant with
2301 Fairmount Ave Philadelphia, PA 19130
For Sale
Contact for pricing
Multi-floor restaurant includes a fully fitted kitchen, bar and dining rooms, plus a second-floor private event space and patio.
Property Size8,180 SF
Price / SF$238.39
Days on Market489
Property Features for 2301 Fairmount Ave
General Information
- Standard status
- Active
- Size
- 8,180 SF
- Property subtype
- RETAIL
Listing Agency:
MPN Realty, Inc.
(267) 238-1728
Listed By:
Joe Scarpone · License #RS290724
(215) 520-5091
Source:
Moodyscre
Added: Mar 26, 2025
Changed: Jul 23
Last Checked: Jul 23 at 2:36PM
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 MPN Realty, Inc.
Investment Insights
Based on property information with market context.
This second-generation, multi-floor restaurant space totals approximately 8,180 square feet and features a double-wide first floor with an additional patio area. The concept includes a classic bar and multiple dining rooms, complemented by a second-floor private event dining room.
The property is fully fitted out with a commercial kitchen, including a hood and lower-level kitchen components. Operational support includes walk-ins and storage.
2301 Fairmount Ave is described as a historical property in Fairmount that was recently nominated for designation in the Philadelphia Register of Historic Places. The area is known for walkable access to multiple cultural institutions and has easy access to I-76, I-676, and the Benjamin Franklin Bridge.
The property is fully fitted out with a commercial kitchen, including a hood and lower-level kitchen components. Operational support includes walk-ins and storage.
2301 Fairmount Ave is described as a historical property in Fairmount that was recently nominated for designation in the Philadelphia Register of Historic Places. The area is known for walkable access to multiple cultural institutions and has easy access to I-76, I-676, and the Benjamin Franklin Bridge.
Key Highlights
- 8,180 +/- SF 2nd generation, multi‑floor restaurant space in Fairmount, Philadelphia
- Double‑wide first floor with additional patio and a second‑floor private event dining room
- Fully fitted kitchen with hood and lower level, including walk‑ins and storage
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 | $171.8k | $21.00 |
| − Vacancy | −$13.7k | −$1.68 |
| EGI | $158.0k | $19.32 |
| − OpEx | −$39.5k | −$4.83 |
| NOI | $118.5k | $14.49 |
8,180 SF · lease $21.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.69M
$1.48M – $1.98M
NOI $118,528 @ 7.0% cap · market cap 6.08%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.99M
$1.74M – $2.33M
NOI $139,591 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
FAQs
What type of property is this?
Conventional restaurant - Multi-floor restaurant includes a fully fitted kitchen, bar and dining rooms, plus a second-floor private event space and patio.
Where is this conventional restaurant located?
The property is located at 2301 Fairmount 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: 8,180 +/- SF 2nd generation, multi‑floor restaurant space in Fairmount, Philadelphia; Double‑wide first floor with additional patio and a second‑floor private event dining room; Fully fitted kitchen with hood and lower level, including walk‑ins and storage
