Restaurant Store with Upstairs
For Sale
$350,000
32 N 60th St N, Philadelphia, PA 19139
For sale restaurant and breakfast/smoothie business with updated kitchen and hardwood floors on the upper levels.
Property Size2,009 SF
Price / SF$174.22
Days on Market41
Property Features for 32 N 60th St N
General Information
Standard status
Active
Size
2,009 SF
Additional Details
Business Included
Yes
Building Details
Year Built
1920
Listing Agency:
Premium Realty Castor Inc
(215) 646-1700
Listed By:
Susan Ear
Source:
Kandorre
Added: Jul 21
Changed: Aug 23
Last Checked: Aug 30 at 8:18PM
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 Premium Realty Castor Inc
Investment Insights
Based on property information with market context.
For sale as a package: a commercial store operating as a breakfast and smoothie business. The property includes upstairs living space with 4 bedrooms and 2 full bathrooms. The kitchen is updated, and hardwood flooring runs throughout the second and third floors.
The listing is for 32 N 60th St in Philadelphia, PA.
The current owner has operated the business for more than 10 years and is retiring, making this a sale of the restaurant store together with the breakfast and smoothie operation.
The listing is for 32 N 60th St in Philadelphia, PA.
The current owner has operated the business for more than 10 years and is retiring, making this a sale of the restaurant store together with the breakfast and smoothie operation.
Key Highlights
- Commercial store offered for sale together with the breakfast and smoothie business
- Upper‑level unit includes 4 bedrooms and 2 full bathrooms
- Kitchen on the upper level has been updated
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,110
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$582,200
$582.2K
Cap Rate 7%
$415,857
$415.9K
Cap Rate 9%
$323,444
$323.4K
Market Conditions
NOI Build-Up for 2,009 SF
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.
Gross rent
$42.2K $21.00/SF
− Vacancy
−$3.4K −$1.68/SF
EGI
$38.8K $19.32/SF
− OpEx
−$9.7K −$4.83/SF
NOI
$29.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$582,200
Cap Rate 7%
$415,857
Cap Rate 9%
$323,444
Alternative Uses
Best Use
Specialty Retail
$415.9K
$363.9K – $485.2K
NOI $29,110 @ 7.0% cap · market cap 8.32%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$489.8K
$428.5K – $571.4K
NOI $34,283 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,775
Businesses Nearby
60k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Dining 41%
Electronics 4%
Wendy's
Dining
24,438 visits/mo
0.4 miles
Exxon
Shops & Services
10,451 visits/mo
0.4 miles
AutoZone
Shops & Services
7,230 visits/mo
0.5 miles
Family Dollar
Shops & Services
6,751 visits/mo
0.5 miles
Family Dollar
Shops & Services
4,491 visits/mo
0.4 miles
Demographics for 19139, PA
43,281
Population
23,896
Households
1.8
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
1.8 sq mi
ZIP Area
24,045
Density / Sq Mi
$38,701
Median Household Income
$34,796
Median Earnings
$1,110
Median Rent
$118,700
Median Home Value
Market
Vacancy Rate% for Retail in Philadelphia, PA
Questions? Ask Rey
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Similar Off Market Nearby
- Harry's Breakfast, Lunch & Grill — 5605 spruce st, philadelphia, pa 19139
- Spruce Breakfast & Lunch — 5605 Spruce St, Philadelphia, PA 19139
- The Breakfast Joint — 271 S 60th St, Philadelphia, PA 19139
- Deliciously Made Cafe — 37 N 63rd St, Philadelphia, PA 19139
- 60TH MARKET DINER (Tony formerly) — 5951 Market St, Philadelphia, PA 19139
Frequently Asked Questions
What type of property is this?
Breakfast & diner - For sale restaurant and breakfast/smoothie business with updated kitchen and hardwood floors on the upper levels.
Where is this breakfast & diner located?
The property is located at 32 N 60th St N Philadelphia, PA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Commercial store offered for sale together with the breakfast and smoothie business; Upper‑level unit includes 4 bedrooms and 2 full bathrooms; Kitchen on the upper level has been updated
