Mixed-Use Property with
For Sale
$700,000
2221 BRIDGE STREET, Philadelphia, PA 19137
Commercial space with a full kitchen is paired with an upstairs apartment requiring permits and improvements before use.
Property Size2,052 SF
Days on Market58
Property Features for 2221 BRIDGE STREET
General Information
Standard status
Active
Size
2,052 SF
Property subtype
MixedUse
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Business Included
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,159
Building Details
Building Size
2,052 SF
Year Built
1925
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
david m cohen · License #RS-282774
(215) 260-5860
Source:
Patmckennarealtors
Added: Aug 23
Changed: Oct 11
Last Checked: Oct 19 at 1:59PM
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 Compass Pennsylvania, LLC
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Investment Insights
Based on property information with market context.
Built in 1925, this mixed-use property combines an established bar and restaurant operation with a full kitchen and an apartment on the upper level. The commercial component provides an existing framework for continued food and beverage use, while the residential space requires City of Philadelphia permits and upgrades before it can be occupied or otherwise utilized.
The property is located at 2221 Bridge Street in Philadelphia, with parking options around the property. Access to major highways, public transportation, and surrounding Philadelphia neighborhoods adds connectivity for commercial operations and visitors. The combination of a functioning commercial space and an unfinished residential component creates a two-part property configuration for an owner evaluating both existing use and future improvements.
The property is located at 2221 Bridge Street in Philadelphia, with parking options around the property. Access to major highways, public transportation, and surrounding Philadelphia neighborhoods adds connectivity for commercial operations and visitors. The combination of a functioning commercial space and an unfinished residential component creates a two-part property configuration for an owner evaluating both existing use and future improvements.
Key Highlights
- Mixed‑use property with bar and restaurant space
- Full kitchen supports the existing food and beverage operation
- Apartment above the commercial space requires permits and upgrades before use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,733
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$594,660
$594.7K
Cap Rate 7%
$424,757
$424.8K
Cap Rate 9%
$330,367
$330.4K
Market Conditions
NOI Build-Up for 2,052 SF
Gross rent
$43.1K $21.00/SF
− Vacancy
−$3.4K −$1.68/SF
EGI
$39.6K $19.32/SF
− OpEx
−$9.9K −$4.83/SF
NOI
$29.7K $14.49/SF
Area
Philadelphia, PA
Vacancy
8.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$594,660
Cap Rate 7%
$424,757
Cap Rate 9%
$330,367
Alternative Uses
Best Use
Specialty Retail
$424.8K
$371.7K – $495.6K
NOI $29,733 @ 7.0% cap · market cap 4.25%
Second Best
Mixed Use
$348.3K
$304.7K – $406.3K
NOI $24,378 @ 7.0% cap · market cap 3.48%
Theoretical Best
Multifamily LT 5
$500.2K
$437.7K – $583.6K
NOI $35,017 @ 7.0% cap · market cap 5.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
959
Businesses Nearby
144k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 63%
Groceries 30%
Dining 6%
Electronics 1%
Wawa
Shops & Services
43,360 visits/mo
0.1 miles
ShopRite
Groceries
42,884 visits/mo
0.2 miles
Lukoil
Shops & Services
11,879 visits/mo
0.3 miles
Sunoco
Shops & Services
9,501 visits/mo
0.1 miles
American Heritage Credit Union
Shops & Services
9,378 visits/mo
0.1 miles
Demographics for 19137, PA
8,682
Population
3,485
Households
2.5
Avg Household Size
38
Median Age
25%
College-Educated
87%
High-School Grad
2.4 sq mi
ZIP Area
3,618
Density / Sq Mi
$64,401
Median Household Income
$46,109
Median Earnings
$1,205
Median Rent
$212,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space with a full kitchen is paired with an upstairs apartment requiring permits and improvements before use.
Where is this mixed-use property located?
The property is located at 2221 BRIDGE STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Mixed‑use property with bar and restaurant space; Full kitchen supports the existing food and beverage operation; Apartment above the commercial space requires permits and upgrades before use
