Mixed-Use Corner Bar
For Sale
$1,100,000
1953 S 11th St, 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 Market195
Property Features for 1953 S 11th St
General Information
Standard status
Active
Size
2,400 SF
Site & Location
Neighborhood
East Passyunk Crossing
Additional Details
Business Included
Yes
Liquor License
Yes
Building Details
Year Built
1940
Listing Agency:
EXIT Elevate Realty
Listed By:
Phil Daniel Sessa Jr. · License #RS379125
(267) 694-0330
Source:
Kandorre
Added: Apr 24
Changed: Oct 26
Last Checked: Oct 7 at 2:32PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$37,751
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Philadelphia, PA
Similar Off Market Nearby
- Malt house Philadelphia pa — 2822 S Warnock St, Philadelphia, PA 19148
- Fireside Tavern — 2701 S Marshall St, Philadelphia, PA 19148
- Merly's Cafe — 2654 S 7th St, Philadelphia, PA 19148
- Toll Man Joe's — 26 e oregon ave, philadelphia, pa 19148
- Nickels Tavern — 2655 S 2nd St, Philadelphia, PA 19148
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 S 11th St 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
