Mixed-Use Bar and Restaurant
New
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 Market4
Property Features for 201 CLARKSON AVENUE
General Information
Standard status
Active
Size
2,352 SF
Property subtype
MixedUse
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: Sep 19
Last Checked: Sep 19 at 9:50AM
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
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 = 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
$23,369
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
3.99%
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%
$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
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
$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 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%
$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.
Property Analytics
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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
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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
