Renovated Two-Story
For Sale
$1,300,000
1913 1913-1915 E Passyunk Ave, Philadelphia, PA 19148
Existing kitchen equipment conveys, excluding soda machines, with a layout suited to continued restaurant operations.
Property Size2,910 SF
Price / SF$446.74
Days on Market47
Property Features for 1913 1913-1915 E Passyunk Ave
General Information
Standard status
Active
Size
2,910 SF
Site & Location
Neighborhood
East Passyunk Crossing
Additional Details
Equipment Included
Yes
Building Details
Year Built
1915
Buildings
1
Stories
2
Listing Agency:
EXP Realty, LLC
Listed By:
Michael V Giuda · License #AB067121
(215) 783-3697
Source:
Upgradebymichaud
Added: Sep 21
Changed: Oct 25
Last Checked: Nov 4 at 5:57PM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
This two-level commercial property was renovated with contemporary interior finishes, including attractive flooring, custom wall treatments, and recessed lighting. The space is currently arranged for restaurant use and includes an extensively equipped kitchen; soda machines are excluded from the sale. The building was constructed in 1915 and offers usable space across both floors.
Positioned at 1913-1915 E Passyunk Avenue in South Philadelphia’s East Passyunk neighborhood, the property sits among restaurants, boutiques, shops, and other neighborhood destinations. Its setting along a pedestrian-oriented commercial corridor supports continued restaurant use and provides a recognizable address for an operator or investor.
Positioned at 1913-1915 E Passyunk Avenue in South Philadelphia’s East Passyunk neighborhood, the property sits among restaurants, boutiques, shops, and other neighborhood destinations. Its setting along a pedestrian-oriented commercial corridor supports continued restaurant use and provides a recognizable address for an operator or investor.
Key Highlights
- Renovated two‑story commercial property configured for restaurant use
- Kitchen equipment included in the sale, excluding soda machines
- Updated flooring, custom wall detailing, and recessed lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,166
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$843,320
$843.3K
Cap Rate 7%
$602,371
$602.4K
Cap Rate 9%
$468,511
$468.5K
Market Conditions
NOI Build-Up for 2,910 SF
Gross rent
$61.1K $21.00/SF
− Vacancy
−$4.9K −$1.68/SF
EGI
$56.2K $19.32/SF
− OpEx
−$14.1K −$4.83/SF
NOI
$42.2K $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%
$843,320
Cap Rate 7%
$602,371
Cap Rate 9%
$468,511
Alternative Uses
Best Use
Specialty Retail
$602.4K
$527.1K – $702.8K
NOI $42,166 @ 7.0% cap · market cap 3.24%
Second Best
Retail
$469.8K
$411.1K – $548.2K
NOI $32,889 @ 7.0% cap · market cap 2.53%
Theoretical Best
Multifamily LT 5
$709.4K
$620.7K – $827.7K
NOI $49,659 @ 7.0% cap · market cap 3.82%
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
Location Intelligence
Trade Area within ½ mile
4,026
Businesses Nearby
121k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Groceries 27%
Dining 13%
Electronics 2%
ACME Markets
Groceries
32,911 visits/mo
0.5 miles
Citizens Bank
Shops & Services
16,632 visits/mo
0.2 miles
TD Bank
Shops & Services
14,055 visits/mo
0.3 miles
Lukoil
Shops & Services
12,912 visits/mo
0.2 miles
Wells Fargo
Shops & Services
8,249 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
Check the figures for this property
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 - Existing kitchen equipment conveys, excluding soda machines, with a layout suited to continued restaurant operations.
Where is this conventional restaurant located?
The property is located at 1913 1913-1915 E Passyunk Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Renovated two‑story commercial property configured for restaurant use; Kitchen equipment included in the sale, excluding soda machines; Updated flooring, custom wall detailing, and recessed lighting
