Restaurant Property for
For Sale
$1,445,000
237 S 10th St, Philadelphia, PA 19107
Restaurant property offered for sale at 237 S 10th St in Philadelphia.
Property Size3,186 SF
Price / SF$453.55
Days on Market52
Property Features for 237 S 10th St
General Information
Standard status
Active
Size
3,186 SF
Amenities
Central Air
Forced Air, Natural Gas
On Street
Building Details
Building Size
3,186 SF
Year Built
1920
Listing Agency:
Canaan Realty Services INC
(917) 856-9653
Listed By:
Qin Yang
(917) 856-9653
Source:
Evrealestate
Added: Jun 10
Changed: Jul 27
Last Checked: Jul 30 at 5:13AM
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 Canaan Realty Services INC
Investment Insights
Based on property information with market context.
This listing is for a restaurant property available for sale. The information provided does not include additional buildout details, dining layout, or operational specifications.
The property is located at 237 S 10th St in Philadelphia, Pennsylvania (GPS directions). Philadelphia is the stated county or parish.
No further property characteristics are included in the submission beyond the restaurant designation, sale transaction type, and listing details.
The property is located at 237 S 10th St in Philadelphia, Pennsylvania (GPS directions). Philadelphia is the stated county or parish.
No further property characteristics are included in the submission beyond the restaurant designation, sale transaction type, and listing details.
Key Highlights
- Restaurant property for sale at 237 S 10th St in Philadelphia
- Year built: 1920
- Central Air cooling and forced air heating with natural gas
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 | $66.9k | $21.00 |
| − Vacancy | −$5.4k | −$1.68 |
| EGI | $61.6k | $19.32 |
| − OpEx | −$15.4k | −$4.83 |
| NOI | $46.2k | $14.49 |
3,186 SF · lease $21.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$659.5K
$577.1K – $769.4K
NOI $46,165 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$776.7K
$679.6K – $906.2K
NOI $54,369 @ 7.0% cap · market cap 3.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
21,768
Businesses Nearby
131k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 64%
Dining 34%
Shops & Services 1%
The Ritz-Carlton, Philadelphia
Hotels & Casinos
30,824 visits/mo
0.4 miles
Starbucks
Dining
16,511 visits/mo
0.4 miles
Four Points by Sheraton Philadelphia City Center Hotel
Hotels & Casinos
15,625 visits/mo
0.4 miles
Le Pain Quotidien
Dining
15,049 visits/mo
0.2 miles
Kimpton Hotel Monaco Philadelphia
Hotels & Casinos
10,769 visits/mo
0.4 miles
Demographics for 19107, PA
17,600
Population
10,239
Households
1.7
Avg Household Size
32
Median Age
72%
College-Educated
92%
High-School Grad
0.5 sq mi
ZIP Area
35,200
Density / Sq Mi
$70,382
Median Household Income
$57,694
Median Earnings
$1,691
Median Rent
$452,500
Median Home Value
Market
Vacancy Rate% for Retail in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property offered for sale at 237 S 10th St in Philadelphia.
Where is this conventional restaurant located?
The property is located at 237 S 10th St Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,445,000.
What are key features of this property?
This property features: Restaurant property for sale at 237 S 10th St in Philadelphia; Year built: 1920; Central Air cooling and forced air heating with natural gas
