Spanish
New
For Sale
$350,000
36 E BALTIMORE AVENUE, Lansdowne, PA 19050
The operating restaurant serves Spanish food and breakfast in a building that has been renovated.
Property Size800 SF
Price / SF$437.50
Days on Market3
Property Features for 36 E BALTIMORE AVENUE
General Information
Standard status
Active
Size
800 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Equipment Included
Yes
Currently Operating
Yes
Building Details
Year Built
1942
Listing Agency:
RE/MAX Access
(215) 400-2600
Listed By:
Edward P Diehl · License #AB069544
(215) 817-7602
Source:
Cummingsrealtors
Added: Oct 25
Changed: Oct 26
Last Checked: Oct 26 at 3:27PM
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 RE/MAX Access
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
An operating Spanish food restaurant serving breakfast is offered with its business. The building has been renovated and dates to 1942. The property is at 36 E Baltimore Avenue in Lansdowne, Pennsylvania.
Key Highlights
- Operating restaurant serving Spanish food and breakfast
- Renovated building constructed in 1942
- Located at 36 E Baltimore Avenue in Lansdowne, Pennsylvania
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,282
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$205,640
$205.6K
Cap Rate 7%
$146,886
$146.9K
Cap Rate 9%
$114,244
$114.2K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$14.4K $18.00/SF
− Vacancy
−$691 −$0.86/SF
EGI
$13.7K $17.14/SF
− OpEx
−$3.4K −$4.28/SF
NOI
$10.3K $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%
$205,640
Cap Rate 7%
$146,886
Cap Rate 9%
$114,244
Alternative Uses
Best Use
Specialty Retail
$146.9K
$128.5K – $171.4K
NOI $10,282 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$242.6K
$212.2K – $283.0K
NOI $16,979 @ 7.0% cap · market cap 4.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,109
Businesses Nearby
112k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 40%
Shops & Services 30%
Dining 24%
Apparel 6%
Giant Food Store
Groceries
42,247 visits/mo
0.2 miles
McDonald's
Dining
18,927 visits/mo
0.3 miles
Sunoco
Shops & Services
10,169 visits/mo
0.3 miles
Giant Gasoline
Shops & Services
8,596 visits/mo
0.2 miles
Dunkin' Donuts
Dining
8,071 visits/mo
0.5 miles
Demographics for 19050, PA
29,176
Population
12,695
Households
2.3
Avg Household Size
40
Median Age
30%
College-Educated
92%
High-School Grad
3.7 sq mi
ZIP Area
7,885
Density / Sq Mi
$62,517
Median Household Income
$44,408
Median Earnings
$1,166
Median Rent
$188,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Kie To Your Tastebuds Catering, LLC — 1238 Wycombe Ave, Darby, PA 19023
- H🇭🇺 Hungary Foods — S Lansdowne Ave, 303 436 S A, Lansdowne, PA 19050
Frequently Asked Questions
What type of property is this?
Restaurant - The operating restaurant serves Spanish food and breakfast in a building that has been renovated.
Where is this restaurant located?
The property is located at 36 E BALTIMORE AVENUE Lansdowne, 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: Operating restaurant serving Spanish food and breakfast; Renovated building constructed in 1942; Located at 36 E Baltimore Avenue in Lansdowne, Pennsylvania
