Neighborhood Steak Restaurant and Real
For Sale
$675,000
227 Main St, Darby, PA 19023
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 Market144
Property Features for 227 Main St
General Information
Standard status
Active
Size
3,684 SF
Zoning
CBD
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$8,877
Amenities
Central Air
Hot Water, Natural Gas
On Street
Building Details
Building Size
3,684 SF
Year Built
1920
Stories
2
Listing Agency:
The Bentley Group-PA Ltd
Listed By:
Hassan Abdellah · License #RB069492
(646) 361-4522
Source:
Evrealestate
Added: May 31
Changed: Oct 21
Last Checked: Oct 20 at 9:06PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,347
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$946,940
$946.9K
Cap Rate 7%
$676,386
$676.4K
Cap Rate 9%
$526,078
$526.1K
Market Conditions
NOI Build-Up for 3,684 SF
Gross rent
$66.3K $18.00/SF
− Vacancy
−$3.2K −$0.86/SF
EGI
$63.1K $17.14/SF
− OpEx
−$15.8K −$4.28/SF
NOI
$47.3K $12.85/SF
Area
Delaware County, PA
Vacancy
4.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$946,940
Cap Rate 7%
$676,386
Cap Rate 9%
$526,078
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 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
Location Intelligence
Trade Area within ½ mile
878
Businesses Nearby
18k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Phillips 66
Shops & Services
5,120 visits/mo
0.4 miles
Conoco
Shops & Services
4,249 visits/mo
0.1 miles
Advance Auto Parts
Shops & Services
4,023 visits/mo
0.2 miles
Marathon
Shops & Services
3,206 visits/mo
0.4 miles
Enterprise Rent-A-Car
Shops & Services
1,287 visits/mo
0.5 miles
Demographics for 19023, PA
22,180
Population
9,089
Households
2.4
Avg Household Size
34
Median Age
17%
College-Educated
87%
High-School Grad
2.0 sq mi
ZIP Area
11,090
Density / Sq Mi
$48,962
Median Household Income
$37,110
Median Earnings
$1,240
Median Rent
$117,200
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 Northeast region
Frequently Asked Questions
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.
