Mixed-Use Corner Bar
For Sale
$1,100,000
1953 11TH STREET, Philadelphia, PA 19148
Corner property with a fully equipped ground-floor bar/restaurant and multiple residential units above, including a flexible unit with its own bathroom.
Property Size2,400 SF
Price / SF$458.33
Days on Market201
Property Features for 1953 11TH STREET
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Mixed Use
Additional Details
Business Included
Yes
Liquor License
Yes
Taxes and HOA fees
Annual Taxes
$5,769
Amenities
Window Air Conditioning, A/C - Other, Ceiling Fan(s)
3
Parking.
On Street.
18.00 x 64.00
Building Details
Year Built
1940
Listing Agency:
EXIT Elevate Realty
(267) 694-0330
Listed By:
Phil Sessa
(267) 694-0330
Source:
Xome
Added: Feb 9
Changed: Aug 26
Last Checked: Aug 29 at 7:19AM
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 EXIT Elevate Realty
Investment Insights
Based on property information with market context.
This prime mixed-use corner property includes a fully equipped bar/restaurant space on the ground level. Above, the building offers multiple residential units, including a flexible unit that can function as an office or an additional rental, and it includes its own bathroom.
The property is located at 1953 S 11th Street in South Philadelphia, presented as a turnkey opportunity with a Pennsylvania liquor license included in the sale.
With both hospitality and residential components, the layout supports combined operating and rental use within the same corner building.
The property is located at 1953 S 11th Street in South Philadelphia, presented as a turnkey opportunity with a Pennsylvania liquor license included in the sale.
With both hospitality and residential components, the layout supports combined operating and rental use within the same corner building.
Key Highlights
- Corner mixed‑use property at 1953 S 11th Street in South Philadelphia with ground‑floor bar/restaurant and residential units above
- Ground‑floor bar/restaurant space is fully equipped
- Includes a flexible unit that can function as an office or additional rental, with its own bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,751
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$755,020
$755.0K
Cap Rate 7%
$539,300
$539.3K
Cap Rate 9%
$419,456
$419.5K
Market Conditions
NOI Build-Up for 2,400 SF
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.
Gross rent
$72.9K $30.36/SF
− Vacancy
−$4.2K −$1.76/SF
EGI
$68.6K $28.60/SF
− OpEx
−$30.9K −$12.87/SF
NOI
$37.8K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$755,020
Cap Rate 7%
$539,300
Cap Rate 9%
$419,456
Alternative Uses
Best Use
Apartment 5plus
$539.3K
$471.9K – $629.2K
NOI $37,751 @ 7.0% cap · market cap 3.43%
Second Best
Specialty Retail
$496.8K
$434.7K – $579.6K
NOI $34,776 @ 7.0% cap · market cap 3.16%
Theoretical Best
Multifamily LT 5
$585.1K
$512.0K – $682.6K
NOI $40,956 @ 7.0% cap · market cap 3.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
3,850
Businesses Nearby
79k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 81%
Dining 15%
Electronics 4%
Apparel 1%
Citizens Bank
Shops & Services
16,632 visits/mo
0.3 miles
TD Bank
Shops & Services
14,055 visits/mo
0.4 miles
Lukoil
Shops & Services
12,912 visits/mo
0.1 miles
Wells Fargo
Shops & Services
8,249 visits/mo
0.4 miles
7-Eleven
Shops & Services
7,109 visits/mo
0.1 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
Market
Vacancy Rate% for Retail in Philadelphia, PA
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Corner property with a fully equipped ground-floor bar/restaurant and multiple residential units above, including a flexible unit with its own bathroom.
Where is this bar & pub located?
The property is located at 1953 11TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Corner mixed‑use property at 1953 S 11th Street in South Philadelphia with ground‑floor bar/restaurant and residential units above; Ground‑floor bar/restaurant space is fully equipped; Includes a flexible unit that can function as an office or additional rental, with its own bathroom
