Restaurant Property with Two
For Sale
$460,000
2727 & 2729 E Allegheny Ave, Philadelphia, PA 19134
For sale restaurant property offering two street addresses, suited for food service operators seeking a flexible setup.
Property Size1,000 SF
Price / SF$460
Days on Market54
Property Features for 2727 & 2729 E Allegheny Ave
General Information
Standard status
Active
Size
1,000 SF
Building Details
Year Built
1910
Listing Agency:
R H M Real Estate Inc
(215) 658-1550
Listed By:
Robert H Mathers Jr. · License #RM062946A
(215) 658-1550
Source:
Evrealestate
Added: Jun 9
Changed: Jul 10
Last Checked: Aug 1 at 5:55AM
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 R H M Real Estate Inc
Investment Insights
Based on property information with market context.
This for-sale restaurant property is presented as two adjoining street addresses: 2727 and 2729 E Allegheny Ave. The offering is identified within conventional restaurant and restaurant commercial real estate categories and includes a total listed property size of 1,000. Prospective buyers should review all terms and site details to confirm how the space is currently configured and how it may support their intended food service concept.
The property is located in Philadelphia County (Philadelphia, PA). Directions are described as following GPS to the subject addresses. The listing does not provide additional information about frontage, building systems, parking, or nearby tenants, so those items should be verified during due diligence and any on-site walk-through.
This asset may be a practical fit for restaurateurs, experienced operators, or investors seeking a restaurant-oriented property with two address points that can potentially support a tenant’s workflow or branding needs. Because the available information does not specify current tenant status, kitchen equipment, or condition, buyers should plan to confirm the operational readiness of the premises and any required improvements. For sale terms and timing should be reviewed with the listing broker.
The property is located in Philadelphia County (Philadelphia, PA). Directions are described as following GPS to the subject addresses. The listing does not provide additional information about frontage, building systems, parking, or nearby tenants, so those items should be verified during due diligence and any on-site walk-through.
This asset may be a practical fit for restaurateurs, experienced operators, or investors seeking a restaurant-oriented property with two address points that can potentially support a tenant’s workflow or branding needs. Because the available information does not specify current tenant status, kitchen equipment, or condition, buyers should plan to confirm the operational readiness of the premises and any required improvements. For sale terms and timing should be reviewed with the listing broker.
Key Highlights
- Restaurant property with two street addresses
- Heating: forced air, natural gas
- On‑street parking
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 | $21.0k | $21.00 |
| − Vacancy | −$1.7k | −$1.68 |
| EGI | $19.3k | $19.32 |
| − OpEx | −$4.8k | −$4.83 |
| NOI | $14.5k | $14.49 |
1,000 SF · lease $21.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$207.0K
$181.1K – $241.5K
NOI $14,490 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$243.8K
$213.3K – $284.4K
NOI $17,065 @ 7.0% cap · market cap 3.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,495
Businesses Nearby
98k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 57%
Shops & Services 30%
Dining 8%
Electronics 5%
Burlington
Apparel
40,515 visits/mo
0.4 miles
Shoppers World
Apparel
14,859 visits/mo
0.4 miles
AutoZone
Shops & Services
13,511 visits/mo
0.3 miles
Sunoco
Shops & Services
8,028 visits/mo
0.5 miles
Sunoco
Shops & Services
6,772 visits/mo
0.1 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
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 - For sale restaurant property offering two street addresses, suited for food service operators seeking a flexible setup.
Where is this conventional restaurant located?
The property is located at 2727 & 2729 E Allegheny Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Restaurant property with two street addresses; Heating: forced air, natural gas; On‑street parking
