Freestanding Restaurant
For Sale
$2,000,000
1639-00 E Passyunk Ave, Philadelphia, PA 19148
For sale restaurant property with 4,352 SF on a convenient East Passyunk corridor location.
Property Size4,352 SF
Price / SF$459.56
Days on Market146
Property Features for 1639-00 E Passyunk Ave
General Information
Standard status
Active
Size
4,352 SF
Zoning
CMX25
Taxes and HOA fees
Annual Taxes
$10,154
Amenities
Hot Water, Natural Gas
City, Street
On Street
Building Details
Building Size
4,352 SF
Year Built
1915
Listing Agency:
Century 21 Advantage Gold-South Philadelphia
Listed By:
Albert Perry · License #AB066001
(610) 842-4635
Source:
Evrealestate
Added: May 30
Changed: Oct 14
Last Checked: Oct 20 at 8:39PM
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 Century 21 Advantage Gold-South Philadelphia
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Investment Insights
Based on property information with market context.
This for-sale restaurant property offers a dedicated building configuration totaling 4,352 square feet. It is marketed for conventional restaurant use, making it a straightforward option for an operator seeking an established restaurant asset rather than starting from scratch.
The address is 1639-00 E Passyunk Ave in Philadelphia, in Philadelphia County. The published directions indicate it sits between Morris & Tasker Streets and between 11th & 12th Streets, providing a useful reference point for accessibility in the immediate corridor.
For buyers or tenants looking for a restaurant-focused commercial real estate opportunity, the building size and conventional restaurant positioning can support a range of foodservice concepts, subject to approvals and final due diligence. If you are assembling an investment or looking for a site tailored to restaurant operations, this property’s freestanding format and single-use orientation may fit well with typical restaurant planning needs.
The address is 1639-00 E Passyunk Ave in Philadelphia, in Philadelphia County. The published directions indicate it sits between Morris & Tasker Streets and between 11th & 12th Streets, providing a useful reference point for accessibility in the immediate corridor.
For buyers or tenants looking for a restaurant-focused commercial real estate opportunity, the building size and conventional restaurant positioning can support a range of foodservice concepts, subject to approvals and final due diligence. If you are assembling an investment or looking for a site tailored to restaurant operations, this property’s freestanding format and single-use orientation may fit well with typical restaurant planning needs.
Key Highlights
- Restaurant property for sale with 4,352 SF
- Hot water and natural gas heating
- On‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,060
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,261,200
$1.3M
Cap Rate 7%
$900,857
$900.9K
Cap Rate 9%
$700,667
$700.7K
Market Conditions
NOI Build-Up for 4,352 SF
Gross rent
$91.4K $21.00/SF
− Vacancy
−$7.3K −$1.68/SF
EGI
$84.1K $19.32/SF
− OpEx
−$21.0K −$4.83/SF
NOI
$63.1K $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%
$1,261,200
Cap Rate 7%
$900,857
Cap Rate 9%
$700,667
Alternative Uses
Best Use
Specialty Retail
$900.9K
$788.3K – $1.05M
NOI $63,060 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.06M
$928.3K – $1.24M
NOI $74,266 @ 7.0% cap · market cap 3.71%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,211
Businesses Nearby
110k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Groceries 36%
Dining 11%
Electronics 1%
ACME Markets
Groceries
32,911 visits/mo
0.2 miles
Citizens Bank
Shops & Services
16,632 visits/mo
0.4 miles
Lukoil
Shops & Services
12,955 visits/mo
0.4 miles
Lukoil
Shops & Services
12,912 visits/mo
0.4 miles
7-Eleven
Shops & Services
7,109 visits/mo
0.4 miles
Demographics for 19148, PA
53,976
Population
22,944
Households
2.4
Avg Household Size
36
Median Age
39%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
12,851
Density / Sq Mi
$80,469
Median Household Income
$50,067
Median Earnings
$1,492
Median Rent
$296,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Conventional restaurant - For sale restaurant property with 4,352 SF on a convenient East Passyunk corridor location.
Where is this conventional restaurant located?
The property is located at 1639-00 E Passyunk Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Restaurant property for sale with 4,352 SF; Hot water and natural gas heating; On‑street parking
