Three-Story Bar and Event
1647 N 2nd Street, Philadelphia, PA 19122
For Sale
New
$1,700,000
A licensed hospitality space combines restaurant service with a dedicated private-event level.
Property Size5,586 SF
Price / SF$361.70
Days on Market5
Property Features for 1647 N 2nd Street
General Information
Standard status
Size
Zoning
Site & Location
Neighborhood
Restaurant
Equipment Included
Liquor License
Taxes and HOA fees
Annual Taxes
Amenities
private event floor
walk-in cooler
dedicated dishwashing room
commercial elevator
Natural Gas
Yes
Public
U50
0.04
No
Estimated
5586.00
53730.00
Building Details
Building Size
Year Built
Stories
Listing Agency:
TCS Management, LLC
(215) 383-1439
Listed By:
Alex C Prince · License #RS322309
(215) 431-5652
Source:
Moveritenow
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 2:43PM
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 TCS Management, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 1647 N 2nd Street in Philadelphia, this three-story bar and restaurant property contains 4,700 square feet and was built in 1916. The space includes a full commercial kitchen, three bars, a walk-in cooler, and a dedicated dishwashing room, along with a separate floor for private events. A liquor license is included.
The building has a commercial elevator and is ADA accessible. It is zoned CMX1.
The building has a commercial elevator and is ADA accessible. It is zoned CMX1.
Key Highlights
- 4,700‑square‑foot, three‑story bar and restaurant property
- Liquor license included
- Full commercial kitchen, three bars, walk‑in cooler, and dedicated dishwashing room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,103
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,362,060
$1.4M
Cap Rate 7%
$972,900
$972.9K
Cap Rate 9%
$756,700
$756.7K
Market Conditions
NOI Build-Up for 4,700 SF
Gross rent
$98.7K $21.00/SF
− Vacancy
−$7.9K −$1.68/SF
EGI
$90.8K $19.32/SF
− OpEx
−$22.7K −$4.83/SF
NOI
$68.1K $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%
$1,362,060
Cap Rate 7%
$972,900
Cap Rate 9%
$756,700
Alternative Uses
Best Use
Specialty Retail
$972.9K
$851.3K – $1.14M
NOI $68,103 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.15M
$1.00M – $1.34M
NOI $80,205 @ 7.0% cap · market cap 4.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
3,337
Businesses Nearby
69k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Groceries 24%
Shops & Services 19%
Electronics 4%
McDonald's
Dining
23,463 visits/mo
0.4 miles
Grocery Outlet Bargain Market
Groceries
9,949 visits/mo
0.3 miles
Fine Wine & Good Spirits
Groceries
6,966 visits/mo
0.4 miles
Wells Fargo
Shops & Services
5,966 visits/mo
0.5 miles
Jeni's Splendid Ice Creams
Dining
5,149 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
$341,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Bars & Pubs in Philadelphia, PA
Properties on Market for Bars & Pubs in Philadelphia
Vacancy Rate% for Retail in Philadelphia, PA
Similar Off Market Nearby
- Stickman Brews — 958 n 2nd st, philadelphia, pa 19123
- Jerry's Bar — 129 W Laurel St, Philadelphia, PA 19123
- North Bowl — 909 N 2nd St, Philadelphia, PA 19123
- Five Iron Golf - Fishtown — 27 E Allen St, Philadelphia, PA 19123
- The Foundry — 29 E Allen St, Philadelphia, PA 19123
Frequently Asked Questions
What type of property is this?
Bar & Pub - A licensed hospitality space combines restaurant service with a dedicated private-event level.
Where is this bar & pub located?
The property is located at 1647 N 2nd Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 4,700‑square‑foot, three‑story bar and restaurant property; Liquor license included; Full commercial kitchen, three bars, walk‑in cooler, and dedicated dishwashing room
