Turn-Key Bar/Restaurant with Outdoor
For Sale
Contact for pricing
1361 N 2nd Street, Philadelphia, PA 19122
Fully equipped bar/restaurant with outdoor patio in Olde Kensington/Fishtown.
Property Size3,875 SF
Price / SF$335.48
Days on Market847
Property Features for 1361 N 2nd Street
General Information
Standard status
Active
Size
3,875 SF
Class
A
Property subtype
Retail
Investment Type
Owner/User
Site & Location
Neighborhood
Pennsport
Building Details
Year Renovated
2022
Buildings
1
Listing Agency:
MSC Retail
Listed By:
Jacob Cooper · License #PA RS306451
(215) 813-3784
Source:
Crexi
Added: Jun 30, 2024
Changed: Oct 22
Last Checked: Oct 23 at 6:31AM
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
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Investment Insights
Based on property information with market context.
This is a fully equipped, turn-key bar and restaurant available for sale, situated in the Olde Kensington/Fishtown neighborhood. The property includes a Pennsylvania R liquor license. Recent renovations have updated the kitchen and incorporated multiple bars, a large dining room, and attic space for storage. The property features 3,875 square feet of space. An additional 1,000 square foot outdoor patio is included as a separate deed.
Key Highlights
- Turn‑key bar/restaurant with Pennsylvania R liquor license included.
- Prime location in the Olde Kensington/Fishtown neighborhood.
- Dedicated 1,000sf outdoor patio space included as a separate deed.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,149
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,122,980
$1.1M
Cap Rate 7%
$802,129
$802.1K
Cap Rate 9%
$623,878
$623.9K
Market Conditions
NOI Build-Up for 3,875 SF
Gross rent
$81.4K $21.00/SF
− Vacancy
−$6.5K −$1.68/SF
EGI
$74.9K $19.32/SF
− OpEx
−$18.7K −$4.83/SF
NOI
$56.1K $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 Rate 5%
$1,122,980
Cap Rate 7%
$802,129
Cap Rate 9%
$623,878
Alternative Uses
Best Use
Specialty Retail
$802.1K
$701.9K – $935.8K
NOI $56,149 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$944.7K
$826.6K – $1.10M
NOI $66,126 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,689
Businesses Nearby
558k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 46%
Groceries 15%
Dining 14%
Home Improvements & Furnishings 10%
Walmart
Superstores
152,363 visits/mo
0.3 miles
Target
Superstores
105,271 visits/mo
0.3 miles
The Home Depot
Home Improvements & Furnishings
49,459 visits/mo
0.3 miles
Wawa
Shops & Services
38,950 visits/mo
0.2 miles
ACME Markets
Groceries
34,436 visits/mo
0.4 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
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
Similar Off Market Nearby
- Pub On Wolf — 2301 s front st, philadelphia, pa 19148
- T Barr's Bar — 2201 S 8th St, Philadelphia, PA 19148
- Mick Daniels — 2046 S 2nd St, Philadelphia, PA 19148
- McKenna's Pub — 153 Snyder Ave, Philadelphia, PA 19148
- Harryo's Pub — 2153 s hancock st, philadelphia, pa 19148
Frequently Asked Questions
What type of property is this?
Bar & Pub - Fully equipped bar/restaurant with outdoor patio in Olde Kensington/Fishtown.
Where is this bar & pub located?
The property is located at 1361 N 2nd Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Turn‑key bar/restaurant with Pennsylvania R liquor license included.; Prime location in the Olde Kensington/Fishtown neighborhood.; Dedicated 1,000sf outdoor patio space included as a separate deed.
