Freestanding Restaurant
1639-00 E Passyunk Ave Philadelphia, PA 19148
1639-00 E Passyunk Ave, Philadelphia, PA, 19148
$2,000,000
For Sale
$2,000,000
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 Market51
Property Features for 1639-00 E Passyunk Ave
General Information
- Standard status
- Active
- Size
- 4,352 SF
Building Details
- Year Built
- 1915
Listing Agency
CENTURY 21 ADVANTAGE GOLD
(610) 842-4635
Listed by
Albert Perry · License #AB066001
(610) 842-4635
Source
Evrealestate
Added: May 30 Checked: Jul 19 at 2:56 am
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
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
Local 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 | $91.4k | $21.00 |
| − Vacancy | −$7.3k | −$1.68 |
| EGI | $84.1k | $19.32 |
| − OpEx | −$21.0k | −$4.83 |
| NOI | $63.1k | $14.49 |
4,352 SF · lease $21.00/SF/yr · vacancy 8.00% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
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
