Mixed-Use Bar and Restaurant
For Sale
$585,000
201 CLARKSON AVENUE, Philadelphia, PA 19120
Two upper floors provide residential living space above an established bar and restaurant operation.
Property Size2,352 SF
Days on Market49
Property Features for 201 CLARKSON AVENUE
General Information
Standard status
Active
Size
2,352 SF
Property subtype
MixedUse
Site & Location
Neighborhood
Northwest Philadelphia
Restaurant
Equipment Included
Yes
Liquor License
Yes
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$2,929
Building Details
Building Size
2,352 SF
Year Built
1930
Buildings
1
Stories
3
Listing Agency:
RE/MAX 2000
Listed By:
Carlos Cesar · License #AB067071
(215) 698-3987
Source:
Lizclarkrealestate
Added: Sep 17
Changed: Oct 31
Last Checked: Nov 3 at 11:14AM
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 RE/MAX 2000
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Investment Insights
Based on property information with market context.
The property combines a neighborhood bar and restaurant with residential space on the second and third floors. The commercial portion includes a bar area, entertainment space, kitchen, basement storage, a walk-in cooler, and an exterior access point for merchandise delivery. Business fixtures and a liquor license are included, with the license and business available separately if needed.
Residential areas occupy the upper floors. The second floor includes a living room connected to a dining room and kitchen, along with a bedroom, bathroom, and laundry area. The third floor adds a loft-style area and a full bathroom. Built in 1930, the property is located at 201 Clarkson Avenue in Philadelphia, Pennsylvania.
Residential areas occupy the upper floors. The second floor includes a living room connected to a dining room and kitchen, along with a bedroom, bathroom, and laundry area. The third floor adds a loft-style area and a full bathroom. Built in 1930, the property is located at 201 Clarkson Avenue in Philadelphia, Pennsylvania.
Key Highlights
- Combined bar, restaurant, and residential use in one property
- Bar, entertainment area, kitchen, basement storage, and walk‑in cooler
- Basement has exterior access for merchandise deliveries
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,369
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$467,380
$467.4K
Cap Rate 7%
$333,843
$333.8K
Cap Rate 9%
$259,656
$259.7K
Market Conditions
NOI Build-Up for 2,352 SF
Gross rent
$33.9K $14.40/SF
− Vacancy
−$2.7K −$1.15/SF
EGI
$31.2K $13.25/SF
− OpEx
−$7.8K −$3.31/SF
NOI
$23.4K $9.94/SF
Area
ZIP 19120
Vacancy
8.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$467,380
Cap Rate 7%
$333,843
Cap Rate 9%
$259,656
Alternative Uses
Best Use
Specialty Retail
$333.8K
$292.1K – $389.5K
NOI $23,369 @ 7.0% cap · market cap 3.99%
Second Best
Mixed Use
$288.3K
$252.3K – $336.3K
NOI $20,180 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$561.8K
$491.6K – $655.5K
NOI $39,329 @ 7.0% cap · market cap 6.72%
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
1,605
Businesses Nearby
97k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 34%
Dining 31%
Apparel 27%
Electronics 8%
Burlington
Apparel
23,746 visits/mo
0.4 miles
Burger King
Dining
17,746 visits/mo
0.4 miles
AutoZone
Shops & Services
10,772 visits/mo
0.4 miles
Dunkin' Donuts
Dining
10,315 visits/mo
0.2 miles
Sunoco
Shops & Services
8,349 visits/mo
0.3 miles
Demographics for 19120, PA
66,177
Population
25,730
Households
2.6
Avg Household Size
35
Median Age
13%
College-Educated
77%
High-School Grad
3.2 sq mi
ZIP Area
20,680
Density / Sq Mi
$51,993
Median Household Income
$32,980
Median Earnings
$1,186
Median Rent
$143,500
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two upper floors provide residential living space above an established bar and restaurant operation.
Where is this mixed-use property located?
The property is located at 201 CLARKSON AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Combined bar, restaurant, and residential use in one property; Bar, entertainment area, kitchen, basement storage, and walk‑in cooler; Basement has exterior access for merchandise deliveries
