Three-Story Mixed-Use
For Sale
$725,000
410-12 W GIRARD AVENUE, Philadelphia, PA 19123
Existing bar and music venue occupy the property, with upper-level space requiring substantial renovation.
Property Size4,860 SF
Days on Market744
Property Features for 410-12 W GIRARD AVENUE
General Information
Standard status
Active
Size
4,860 SF
Property subtype
MixedUse
Taxes and HOA fees
Annual Taxes
$4,535
Building Details
Building Size
4,860 SF
Year Built
1936
Listing Agency:
Delphi Property Group, LLC
Listed By:
Jamie B Weiner · License #RM422933
(215) 627-7300
Source:
Patmckennarealtors
Added: Sep 24, 2024
Changed: Oct 5
Last Checked: Oct 5 at 9:30PM
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
Investment Insights
Based on property information with market context.
The property comprises two adjoining parcels at 410 and 412 W Girard Avenue, totaling 4,860 square feet within a three-story building. Current improvements support a bar and music venue use. The second and third floors are partially demolished and require reconstruction; those levels were previously arranged as residential units.
Located in Philadelphia’s Northern Liberties neighborhood, the offering presents a mixed-use building with an operating entertainment component and unfinished upper floors. A liquor license is also available separately for purchase.
Located in Philadelphia’s Northern Liberties neighborhood, the offering presents a mixed-use building with an operating entertainment component and unfinished upper floors. A liquor license is also available separately for purchase.
Key Highlights
- 4,860‑square‑foot, three‑story mixed‑use building
- Includes 410 and 412 W Girard Avenue
- Currently used as a music venue and bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,737
Cap Rate
7.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,154,740
$1.2M
Cap Rate 7%
$824,814
$824.8K
Cap Rate 9%
$641,522
$641.5K
Market Conditions
NOI Build-Up for 4,860 SF
Gross rent
$105.0K $21.60/SF
− Vacancy
−$12.6K −$2.59/SF
EGI
$92.4K $19.01/SF
− OpEx
−$34.6K −$7.13/SF
NOI
$57.7K $11.88/SF
Area
Philadelphia, PA
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,154,740
Cap Rate 7%
$824,814
Cap Rate 9%
$641,522
Alternative Uses
Best Use
Specialty Retail
$1.01M
$880.3K – $1.17M
NOI $70,421 @ 7.0% cap · market cap 9.71%
Second Best
Mixed Use
$824.8K
$721.7K – $962.3K
NOI $57,737 @ 7.0% cap · market cap 7.96%
Theoretical Best
Multifamily LT 5
$1.18M
$1.04M – $1.38M
NOI $82,935 @ 7.0% cap · market cap 11.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,393
Businesses Nearby
87k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 31%
Groceries 8%
Home Improvements & Furnishings 5%
McDonald's
Dining
23,463 visits/mo
0.4 miles
Dunkin' Donuts
Dining
14,354 visits/mo
0.5 miles
Sunoco
Shops & Services
9,869 visits/mo
0.2 miles
Fine Wine & Good Spirits
Groceries
6,966 visits/mo
0.2 miles
Wells Fargo
Shops & Services
5,966 visits/mo
0.5 miles
Demographics for 19123, PA
18,793
Population
10,636
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
14,456
Density / Sq Mi
$95,872
Median Household Income
$73,760
Median Earnings
$1,687
Median Rent
$544,700
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?
Mixed-use property - Existing bar and music venue occupy the property, with upper-level space requiring substantial renovation.
Where is this mixed-use property 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 $725,000.
What are key features of this property?
This property features: 4,860‑square‑foot, three‑story mixed‑use building; Includes 410 and 412 W Girard Avenue; Currently used as a music venue and bar
