Neighborhood Steak Restaurant and Real
227 Main St Darby, PA 19023
New
227 Main St, Darby, PA, 19023
$675,000
For Sale
$675,000
For sale as a package with the restaurant, including equipment, fixtures, and a rear garage/storage area.
Property Size3,684 SF
Price / SF$183.22
Days on Market2
Property Features for 227 Main St
General Information
- Standard status
- Active
- Size
- 3,684 SF
- Property subtype
- Business Opportunity
Building Details
- Year Built
- 1920
Listing agency
The Bentley Group-PA Ltd
(646) 361-4522
Listed by
Hassan Abdellah · License #RB069492
Source
Kandorre
Added: Jul 20 Updated: Jul 21 at 8:18AM Checked: Jul 21 at 8:18AM
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 The Bentley Group-PA Ltd
Investment Insights
Based on property information with market context.
This offering is for sale as a combined business and real estate package for Frank’s Steak Shop. The sale includes the restaurant business and the underlying property, along with equipment, fixtures, operational inventory, and a rear garage/storage area.
Frank’s Steak Shop has served the community for more than 35 years from a prominent corner location on Main Street in Darby, PA. The property and business are presented together as a single acquisition.
Financials and tax returns are available for qualified buyers.
Frank’s Steak Shop has served the community for more than 35 years from a prominent corner location on Main Street in Darby, PA. The property and business are presented together as a single acquisition.
Financials and tax returns are available for qualified buyers.
Key Highlights
- Frank’s Steak Shop for sale as a package with the underlying real estate in Darby, PA.
- $950,000 total: business for $675,000 and real estate for $275,000, sold together.
- Restaurant has served the community for more than 35 years from a prominent corner location on Main Street.
Local Financial Insights For Specialty Retail
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 | $66.3k | $18.00 |
| − Vacancy | −$3.2k | −$0.86 |
| EGI | $63.1k | $17.14 |
| − OpEx | −$15.8k | −$4.28 |
| NOI | $47.3k | $12.85 |
3,684 SF · lease $18.00/SF/yr · vacancy 4.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$676.4K
$591.8K – $789.1K
NOI $47,347 @ 7.0% cap · market cap 7.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$977.3K – $1.30M
NOI $78,187 @ 7.0% cap · market cap 11.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Frank's Steak Shops
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - For sale as a package with the restaurant, including equipment, fixtures, and a rear garage/storage area.
Where is this conventional restaurant located?
The property is located at 227 Main St Darby, PA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Frank’s Steak Shop for sale as a package with the underlying real estate in Darby, PA.; $950,000 total: business for $675,000 and real estate for $275,000, sold together.; Restaurant has served the community for more than 35 years from a prominent corner location on Main Street.
