Bar and Restaurant with Outdoor
For Sale
$1,550,000
135961 N 2ND STREET, Philadelphia, PA 19122
Outdoor patio, multiple bars, and a large dining room with an attic storage space, plus an A/C system.
Property Size3,510 SF
Price / SF$441.60
Days on Market867
Property Features for 135961 N 2ND STREET
General Information
Standard status
Active
Size
3,510 SF
Property subtype
Retail
Restaurant
Patio
Yes
Equipment Included
Yes
Liquor License
Yes
Additional Details
Business Included
Yes
Amenities
A/C - Other
3
Parking.
On Street.
15.00 x 85.00
Urban.
Building Details
Year Built
1900
Listing Agency:
MSC Retail, Inc.
(215) 813-3784
Listed By:
Jacob Cooper · License #RS306451
(215) 813-3784
Source:
Xome
Added: Mar 17, 2024
Changed: Jul 29
Last Checked: Jul 30 at 4:05AM
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 MSC Retail, Inc.
Investment Insights
Based on property information with market context.
This bar and restaurant property is designed for both seating and food service, with a dedicated outdoor patio and a fully-equipped kitchen. The layout includes multiple bars and a large dining room, along with an attic area for storage. An A/C system is listed as an interior feature, and a Pennsylvania R liquor license is included.
The building was constructed in 1900 and sits on an urban lot with dimensions of 15.00 x 85.00. Parking is available on-street.
At 3,510 SF, the space can support a bar-and-dining concept, with the interior dining area paired with the outdoor patio for customer overflow and seasonal use.
The building was constructed in 1900 and sits on an urban lot with dimensions of 15.00 x 85.00. Parking is available on-street.
At 3,510 SF, the space can support a bar-and-dining concept, with the interior dining area paired with the outdoor patio for customer overflow and seasonal use.
Key Highlights
- Pennsylvania R liquor license included
- Dedicated outdoor patio for guest seating
- Fully‑equipped kitchen plus multiple bars and large dining room
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 | $73.7k | $21.00 |
| − Vacancy | −$5.9k | −$1.68 |
| EGI | $67.8k | $19.32 |
| − OpEx | −$17.0k | −$4.83 |
| NOI | $50.9k | $14.49 |
3,510 SF · lease $21.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$726.6K
$635.8K – $847.7K
NOI $50,860 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$855.7K
$748.7K – $998.3K
NOI $59,898 @ 7.0% cap · market cap 3.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
545
Businesses Nearby
77k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Groceries 33%
Dining 19%
Save-A-Lot
Groceries
17,097 visits/mo
0.1 miles
Family Dollar
Shops & Services
14,644 visits/mo
0.4 miles
Dunkin' Donuts
Dining
9,901 visits/mo
0.5 miles
Fine Wine & Good Spirits
Groceries
8,046 visits/mo
0.1 miles
7-Eleven
Shops & Services
7,335 visits/mo
0.3 miles
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
Vacancy Rate% for Retail in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Outdoor patio, multiple bars, and a large dining room with an attic storage space, plus an A/C system.
Where is this bar & pub located?
The property is located at 135961 N 2ND STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Pennsylvania R liquor license included; Dedicated outdoor patio for guest seating; Fully‑equipped kitchen plus multiple bars and large dining room
