Mixed-Use Corner Bar
1953 S 11th Street Philadelphia, PA 19148
1953 S 11th Street, Philadelphia, PA, 19148
$1,100,000
For Sale
$1,100,000
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 Market154
Property Features for 1953 S 11th Street
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1940
Listing Agency
EXIT Elevate Realty
(267) 694-0330
Listed by
Phil Sessa
(267) 694-0330
Source
Xome
Added: Feb 17 Updated: Jul 20 at 5:36 pm Checked: Jul 20 at 5:36 pm
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
Local Financial Insights For Apartment 5plus
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 | $72.9k | $30.36 |
| − Vacancy | −$4.2k | −$1.76 |
| EGI | $68.6k | $28.60 |
| − OpEx | −$30.9k | −$12.87 |
| NOI | $37.8k | $15.73 |
2,400 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Big Charlie's Saloon
Bar & Pub
Similar For Sale Nearby
Similar Off Market Nearby
- Toll Man Joe's — 26 e oregon ave, philadelphia, pa 19148
- Merly's Cafe — 2654 S 7th St, Philadelphia, PA 19148
- Nickels Tavern — 2655 S 2nd St, Philadelphia, PA 19148
- Fireside Tavern — 2701 S Marshall St, Philadelphia, PA 19148
- Malt house Philadelphia pa — 2822 S Warnock St, Philadelphia, PA 19148
FAQs
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 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
