Bar and Restaurant with Banquet
2656 E Ann Street, Philadelphia, PA 19134
For Sale
$799,000
An upper-level event room has a separate bar, complementing the equipped kitchen and dining space below.
Property Size2,600 SF
Price / SF$307.31
Days on Market11
Property Features for 2656 E Ann Street
General Information
Standard status
Size
Zoning
Site & Location
Neighborhood
Highway Access
Additional Details
Business Included
Liquor License
Taxes and HOA fees
Annual Taxes
Amenities
multiple flat-screen TVs
ceiling fans
high-top seating
darts
pool
live music
private banquet room with its own bar
Natural Gas
Yes
3
Public
20.00 x 69.00
0.04
No
Assessor
On Street
2600.00
Building Details
Building Size
Year Built
Listing Agency:
Hometown Realty Associates, LLC
(856) 543-5051
Listed By:
Michael J Fasone
Source:
Chennaultrealestate
Added: Oct 30
Changed: Nov 7
Last Checked: Nov 8 at 7:39PM
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 Hometown Realty Associates, LLC
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Investment Insights
Based on property information with market context.
This 2,600-square-foot bar and restaurant property includes a dining and bar area, a commercial kitchen with appliances, prep space and storage, and a private banquet room on the upper floor with its own bar. Restrooms are located on both levels. The property was built in 1925 and is zoned CMX2, on a 0.04-acre parcel.
At 2656 E Ann Street, the building occupies a corner location in Port Richmond, Philadelphia. I-95 is nearby, with Fishtown, Bridesburg and Northern Liberties identified as nearby destinations.
The existing configuration combines food service, bar space and a separate upstairs event area. A liquor license is included in the sale.
At 2656 E Ann Street, the building occupies a corner location in Port Richmond, Philadelphia. I-95 is nearby, with Fishtown, Bridesburg and Northern Liberties identified as nearby destinations.
The existing configuration combines food service, bar space and a separate upstairs event area. A liquor license is included in the sale.
Key Highlights
- 2,600‑square‑foot building on a 0.04‑acre parcel
- Bar and restaurant space includes commercial kitchen appliances, prep areas and storage
- Upper‑level banquet room has a separate bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,674
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$753,480
$753.5K
Cap Rate 7%
$538,200
$538.2K
Cap Rate 9%
$418,600
$418.6K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$54.6K $21.00/SF
− Vacancy
−$4.4K −$1.68/SF
EGI
$50.2K $19.32/SF
− OpEx
−$12.6K −$4.83/SF
NOI
$37.7K $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%
$753,480
Cap Rate 7%
$538,200
Cap Rate 9%
$418,600
Alternative Uses
Best Use
Specialty Retail
$538.2K
$470.9K – $627.9K
NOI $37,674 @ 7.0% cap · market cap 4.72%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$633.8K
$554.6K – $739.5K
NOI $44,369 @ 7.0% cap · market cap 5.55%
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
Yes
Highway access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
1,237
Businesses Nearby
22k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 89%
Dining 11%
Sunoco
Shops & Services
11,637 visits/mo
0.5 miles
Sunoco
Shops & Services
6,772 visits/mo
0.4 miles
PrimoHoagies
Dining
2,469 visits/mo
0.2 miles
Fulton Bank
Shops & Services
1,474 visits/mo
0.3 miles
Demographics for 19134, PA
57,463
Population
25,290
Households
2.3
Avg Household Size
33
Median Age
18%
College-Educated
77%
High-School Grad
3.4 sq mi
ZIP Area
16,901
Density / Sq Mi
$41,849
Median Household Income
$35,858
Median Earnings
$1,179
Median Rent
$127,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Bars & Pubs in Philadelphia, PA
Properties on Market for Bars & Pubs in Philadelphia
Vacancy Rate% for Retail in Philadelphia, PA
Similar Off Market Nearby
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- Em's Place — 2632 E Lehigh Ave Unit 2, Philadelphia, PA 19125
- Whiskey Road — 2629 E Lehigh Ave, Philadelphia, PA 19125
Frequently Asked Questions
What type of property is this?
Bar & Pub - An upper-level event room has a separate bar, complementing the equipped kitchen and dining space below.
Where is this bar & pub located?
The property is located at 2656 E Ann Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 2,600‑square‑foot building on a 0.04‑acre parcel; Bar and restaurant space includes commercial kitchen appliances, prep areas and storage; Upper‑level banquet room has a separate bar
