Tavern with Upper-Floor
New
For Sale
$625,000
2732 W 2ND STREET, Chester, PA 19013
The bar conveys with a Type R liquor license, food-service equipment, and an operating commercial kitchen.
Property Size3,195 SF
Price / SF$195.62
Days on Market7
Property Features for 2732 W 2ND STREET
General Information
Standard status
Active
Size
3,195 SF
Property subtype
Commercial
Restaurant
Commercial Hood
Yes
Equipment Included
Yes
Liquor License
Yes
Additional Details
Business Included
Yes
Building Details
Year Built
1920
Listing Agency:
United Real Estate
(484) 367-7727
Listed By:
Gregory A Hayes Jr. · License #RS331498
(267) 237-1415
Source:
Cummingsrealtors
Added: Oct 7
Changed: Oct 13
Last Checked: Oct 12 at 7:24PM
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 United Real Estate
Investment Insights
Based on property information with market context.
This 3,195-square-foot tavern at 2732 W 2nd Street in Chester includes a bar and lounge with seating for 20, a separate dining area, and three half bathrooms on the first floor. The rear commercial kitchen has a fire-suppression system and is equipped with a smoker, refrigerators, a deep fryer, a gas range with oven, a four-station food warmer, and a hood with fire suppression. Additional included items include a POS system, ice maker, televisions, beer refrigerators, and a wired security camera system.
A two-bedroom apartment spans the second and third floors and has a separate entrance on Highland Avenue. Its second-floor layout includes a living room, kitchen, dining area, and full bathroom, with both bedrooms on the upper level. The bar and Type R liquor license are included together in the sale. The building dates to 1920.
A two-bedroom apartment spans the second and third floors and has a separate entrance on Highland Avenue. Its second-floor layout includes a living room, kitchen, dining area, and full bathroom, with both bedrooms on the upper level. The bar and Type R liquor license are included together in the sale. The building dates to 1920.
Key Highlights
- 3,195‑square‑foot tavern with a two‑bedroom apartment on the upper floors
- Bar and Type R liquor license included together
- Lounge seats 20; a separate seating area and three half bathrooms are also on the first floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,062
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$821,240
$821.2K
Cap Rate 7%
$586,600
$586.6K
Cap Rate 9%
$456,244
$456.2K
Market Conditions
NOI Build-Up for 3,195 SF
Gross rent
$57.5K $18.00/SF
− Vacancy
−$2.8K −$0.86/SF
EGI
$54.7K $17.14/SF
− OpEx
−$13.7K −$4.28/SF
NOI
$41.1K $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%
$821,240
Cap Rate 7%
$586,600
Cap Rate 9%
$456,244
Alternative Uses
Best Use
Specialty Retail
$586.6K
$513.3K – $684.4K
NOI $41,062 @ 7.0% cap · market cap 6.57%
Second Best
Mixed Use
$451.9K
$395.4K – $527.2K
NOI $31,631 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$968.7K
$847.6K – $1.13M
NOI $67,808 @ 7.0% cap · market cap 10.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Commercial hood
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
612
Businesses Nearby
5k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Lukoil
Shops & Services
4,546 visits/mo
0.5 miles
Demographics for 19013, PA
34,252
Population
15,664
Households
2.2
Avg Household Size
34
Median Age
13%
College-Educated
86%
High-School Grad
5.6 sq mi
ZIP Area
6,116
Density / Sq Mi
$39,416
Median Household Income
$31,668
Median Earnings
$1,083
Median Rent
$85,200
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 Northeast region
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Similar Off Market Nearby
- Rico's Lounge — 2732 W 2nd St, Chester, PA 19013
- Joe's Bar — 2932 W 6th St, Chester, PA 19013
- St Hedwigs Catholic Club — 436 highland ave, chester, pa 19013
- Hayes Lounge — Chester, PA 19013
- 2701 Sports Bar & Grill — 2701 W 3rd St, Chester, PA 19013
Frequently Asked Questions
What type of property is this?
Bar & Pub - The bar conveys with a Type R liquor license, food-service equipment, and an operating commercial kitchen.
Where is this bar & pub located?
The property is located at 2732 W 2ND STREET Chester, PA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 3,195‑square‑foot tavern with a two‑bedroom apartment on the upper floors; Bar and Type R liquor license included together; Lounge seats 20; a separate seating area and three half bathrooms are also on the first floor
