Mixed-Use Restaurant
For Sale
$444,000
152 W GIRARD Avenue, Philadelphia, PA 19123
Multi-Family, PHILADELPHIA, PA
Property Size1,246 SF
Lot Size0.01 Acres
Price / SF$356.34
Days on Market51
Property Features for 152 W GIRARD Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Subdivision
NORTHERN LIBERTIES
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,246 SF
Lot size
0.01 Acres
Taxes and HOA fees
Tax Annual Amount
3038
Utilities
Heating system
Electric (Heating), Baseboard
Cooling system
Ceiling Fan(s), Window Unit(s)
Building Details
Year built
1920
Number of units
2
Building materials
Masonry
Architectural style
Other
Listing Agency:
American Vista Real Estate
(215) 677-2100
Listed By:
Aleksandar Peev · License #RS250391
(267) 968-3181
Added: Jul 12
Changed: Aug 19
Last Checked: Aug 31 at 7:06AM
MLS# PAPH2646988
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use building offers a commercial restaurant storefront on the first floor and residential space on the second and third floors. The first floor was previously operated as a steak and sandwich shop and most recently as a Mexican grill, with restaurant-ready storefront configuration. The second floor includes a kitchen with granite countertops, a full bathroom, and living room/closet area. The third floor features a large bedroom with vaulted ceilings and a custom closet, plus a rooftop deck.
The property is located at 152 W Girard Avenue in Philadelphia, PA 19123. The public remarks cite high foot and car traffic in the surrounding area.
The building combines ground-level restaurant use with an apartment above, with the upper floors configured as a 1-bedroom residence across the second and third levels.
The property is located at 152 W Girard Avenue in Philadelphia, PA 19123. The public remarks cite high foot and car traffic in the surrounding area.
The building combines ground-level restaurant use with an apartment above, with the upper floors configured as a 1-bedroom residence across the second and third levels.
Key Highlights
- Mixed‑use building with commercial restaurant storefront on the 1st floor and a 1‑bedroom apartment on the 2nd and 3rd floors
- 1st‑floor commercial space was previously used as a steak and sandwich shop and most recently as a Mexican grill
- 2nd floor includes a kitchen with granite countertops, a full bathroom, living room, and closet area
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
$19,599
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
4.41%
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%
$391,980
$392.0K
Cap Rate 7%
$279,986
$280.0K
Cap Rate 9%
$217,767
$217.8K
Market Conditions
NOI Build-Up for 1,246 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
$37.8K $30.36/SF
− Vacancy
−$2.2K −$1.76/SF
EGI
$35.6K $28.60/SF
− OpEx
−$16.0K −$12.87/SF
NOI
$19.6K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
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%
$391,980
Cap Rate 7%
$279,986
Cap Rate 9%
$217,767
Alternative Uses
Best Use
Apartment 5plus
$280.0K
$245.0K – $326.7K
NOI $19,599 @ 7.0% cap · market cap 4.41%
Second Best
Specialty Retail
$257.9K
$225.7K – $300.9K
NOI $18,055 @ 7.0% cap · market cap 4.07%
Theoretical Best
Multifamily LT 5
$303.8K
$265.8K – $354.4K
NOI $21,263 @ 7.0% cap · market cap 4.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,571
Businesses Nearby
64k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Shops & Services 26%
Groceries 11%
Electronics 6%
McDonald's
Dining
23,463 visits/mo
0.1 miles
Fine Wine & Good Spirits
Groceries
6,966 visits/mo
0.1 miles
Wells Fargo
Shops & Services
5,966 visits/mo
0.2 miles
Jeni's Splendid Ice Creams
Dining
5,149 visits/mo
0.1 miles
The UPS Store
Shops & Services
4,184 visits/mo
0.2 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
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 - Full restaurant storefront on the first floor with two residential levels above.
Where is this conventional restaurant located?
The property is located at 152 W GIRARD Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $444,000.
What are key features of this property?
This property features: Mixed‑use building with commercial restaurant storefront on the 1st floor and a 1‑bedroom apartment on the 2nd and 3rd floors; 1st‑floor commercial space was previously used as a steak and sandwich shop and most recently as a Mexican grill; 2nd floor includes a kitchen with granite countertops, a full bathroom, living room, and closet area
