Two-Building Bar and
For Sale
$490,000
1860 E ALLEGHENY AVENUE, Philadelphia, PA 19134
Owner-occupied bar and restaurant with counter seating, bulletproof glass, walk-in cooler, vending machines, and upstairs living space.
Property Size1,244 SF
Price / SF$393.89
Days on Market11
Property Features for 1860 E ALLEGHENY AVENUE
General Information
Standard status
Active
Size
1,244 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Liquor License
Yes
Building Details
Year Built
1900
Listing Agency:
Keller Williams Realty
(215) 327-1722
Listed By:
Paul P Cheng
(215) 327-1722
Source:
Cummingsrealtors
Added: Jul 21
Changed: Jul 25
Last Checked: Jul 30 at 6:18AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This sale offers two connected buildings operated as an owner-occupied bar and restaurant. The customer-facing space includes a long counter with bulletproof glass, ample seating, and vendor machines for additional income, along with a transparent walk-in cooler visible to patrons. The business is set up with a cigarette license and retail sales, and includes substantial storage in the rear and basement areas.
The listing includes residential space upstairs at 1860 E Allegheny Avenue with three bedrooms, a full bathroom, a large living room, a modern kitchen, and a washer and dryer located in the basement.
Both building tax IDs are included in the offering: 1860 E Allegheny Tax ID# 252305100 and 1860 E Allegheny ID#252305200. The R-Liquor license is also noted as available for sale, and the buildings and licenses may be sold separately. Inventories are not included in the sale. All showings require proof of funds and should not disturb employees on site.
The listing includes residential space upstairs at 1860 E Allegheny Avenue with three bedrooms, a full bathroom, a large living room, a modern kitchen, and a washer and dryer located in the basement.
Both building tax IDs are included in the offering: 1860 E Allegheny Tax ID# 252305100 and 1860 E Allegheny ID#252305200. The R-Liquor license is also noted as available for sale, and the buildings and licenses may be sold separately. Inventories are not included in the sale. All showings require proof of funds and should not disturb employees on site.
Key Highlights
- Owner‑occupied bar and restaurant with long counter seating and bulletproof glass
- Transparent walk‑in cooler visible by customers behind the counter
- Includes vending machines and retail sales, plus a full cigarette license
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 | $26.1k | $21.00 |
| − Vacancy | −$2.1k | −$1.68 |
| EGI | $24.0k | $19.32 |
| − OpEx | −$6.0k | −$4.83 |
| NOI | $18.0k | $14.49 |
1,244 SF · lease $21.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$257.5K
$225.3K – $300.4K
NOI $18,026 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$303.3K
$265.4K – $353.8K
NOI $21,229 @ 7.0% cap · market cap 4.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
2,458
Businesses Nearby
36k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 95%
Dining 3%
Electronics 2%
Sunoco
Shops & Services
9,282 visits/mo
0.3 miles
7-Eleven
Shops & Services
6,537 visits/mo
0.4 miles
Wells Fargo
Shops & Services
5,981 visits/mo
0.2 miles
Dollar Tree
Shops & Services
5,786 visits/mo
0.2 miles
Bank of America
Shops & Services
3,144 visits/mo
0.2 miles
Demographics for 19134, PA
57,463
Population
25,290
Households
2.3
Avg Household Size
33
Median Age
18%
College-Educated
77%
High-School Grad
3.4 sq mi
ZIP Area
16,901
Density / Sq Mi
$41,849
Median Household Income
$35,858
Median Earnings
$1,179
Median Rent
$127,500
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?
Bar & Pub - Owner-occupied bar and restaurant with counter seating, bulletproof glass, walk-in cooler, vending machines, and upstairs living space.
Where is this bar & pub located?
The property is located at 1860 E ALLEGHENY AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Owner‑occupied bar and restaurant with long counter seating and bulletproof glass; Transparent walk‑in cooler visible by customers behind the counter; Includes vending machines and retail sales, plus a full cigarette license
