Bar and Tavern with
New
For Sale
Contact for pricing
2500 S 3RD STREET, Philadelphia, PA 19148
The lease includes an on-site liquor license and existing furniture and fixtures.
Property Size2,016 SF
Price / SF$1.74
Days on Market4
Property Features for 2500 S 3RD STREET
General Information
Standard status
Active
Size
2,016 SF
Property subtype
Commercial
Building Details
Year Built
1920
Listing Agency:
Real of Pennsylvania
(855) 450-0442
Listed By:
Daniel J Mellbye
(267) 304-2760
Source:
Cummingsrealtors
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 2:10PM
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 Real of Pennsylvania
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Investment Insights
Based on property information with market context.
This South Philadelphia bar and tavern includes a kitchen, an on-site liquor license, and existing furniture and fixtures. The building contains 2,016 square feet and was built in 1920.
Key Highlights
- 2,016‑square‑foot bar and tavern with kitchen
- Liquor license included with the lease
- Existing furniture and fixtures on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,212
Suggested Prices Based on Cap Rates
Cap Rate 5%
$584,240
$584.2K
Cap Rate 7%
$417,314
$417.3K
Cap Rate 9%
$324,578
$324.6K
Market Conditions
NOI Build-Up for 2,016 SF
Gross rent
$42.3K $21.00/SF
− Vacancy
−$3.4K −$1.68/SF
EGI
$38.9K $19.32/SF
− OpEx
−$9.7K −$4.83/SF
NOI
$29.2K $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%
$584,240
Cap Rate 7%
$417,314
Cap Rate 9%
$324,578
Alternative Uses
Best Use
Specialty Retail
$417.3K
$365.2K – $486.9K
NOI $29,212 @ 7.0% cap · market cap 834.63%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$491.5K
$430.0K – $573.4K
NOI $34,403 @ 7.0% cap · market cap 982.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,574
Businesses Nearby
380k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 29%
Dining 22%
Groceries 21%
Apparel 21%
ShopRite
Groceries
52,654 visits/mo
0.2 miles
Burlington
Apparel
35,573 visits/mo
0.4 miles
McDonald's
Dining
29,276 visits/mo
0.2 miles
Aldi
Groceries
28,079 visits/mo
0.3 miles
Ross Dress for Less
Apparel
24,388 visits/mo
0.3 miles
Demographics for 19148, PA
53,976
Population
22,944
Households
2.4
Avg Household Size
36
Median Age
39%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
12,851
Density / Sq Mi
$80,469
Median Household Income
$50,067
Median Earnings
$1,492
Median Rent
$296,800
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
Similar Off Market Nearby
- Sports & Social Philly — 900 Packer Ave, Philadelphia, PA 19148
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- Bell Beverage — 2809 S Front St, Philadelphia, PA 19148
- Cheerleaders Philadelphia — 2740 S Front St, Philadelphia, PA 19148
- Malt house Philadelphia pa — 2822 S Warnock St, Philadelphia, PA 19148
Frequently Asked Questions
What type of property is this?
Bar & Pub - The lease includes an on-site liquor license and existing furniture and fixtures.
Where is this bar & pub located?
The property is located at 2500 S 3RD STREET Philadelphia, PA.
What are key features of this property?
This property features: 2,016‑square‑foot bar and tavern with kitchen; Liquor license included with the lease; Existing furniture and fixtures on site
