Two-Story Restaurant and
For Sale
$1,170,000
3749-51 Midvale Avenue, Philadelphia, PA 19129
Renovated commercial kitchen with indoor and patio seating, plus an included liquor license.
Property Size4,550 SF
Price / SF$257.14
Days on Market181
Property Features for 3749-51 Midvale Avenue
General Information
Standard status
Active
Size
4,550 SF
Property subtype
Commercial
Zoning
CMX-2.5
Site & Location
Frontage
38 ft
Highway Access
Yes
Restaurant
Patio
Yes
Liquor License
Yes
Taxes and HOA fees
Annual Taxes
$4,840
Amenities
Other
Yes
No
75.00 x 38.00
0.00
Assessor
Building Details
Year Built
1920
Stories
2
Listing Agency:
Zar Realty, LLC
(856) 222-0077
Listed By:
Julia Joyce-Hall
(856) 630-4482
Source:
Thetristaterealestategroup
Added: Apr 9
Changed: Sep 30
Last Checked: Oct 5 at 4:00PM
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 Zar Realty, LLC
Investment Insights
Based on property information with market context.
The property comprises a 4,550-square-foot, two-story restaurant and bar built in 1920. The layout includes a full commercial kitchen, 66 interior seats, and a 16-seat outdoor patio. The sale includes the real estate and liquor license. Renovations completed in the past couple of years included electrical, plumbing, and mechanical systems.
Located at 3749-51 Midvale Avenue in Philadelphia’s East Falls area, the property has 38 feet of frontage along Midvale Avenue. Access to Center City is available via Kelly Drive, while I-76 connects the site with the Main Line. The property is zoned CMX-2.5.
Located at 3749-51 Midvale Avenue in Philadelphia’s East Falls area, the property has 38 feet of frontage along Midvale Avenue. Access to Center City is available via Kelly Drive, while I-76 connects the site with the Main Line. The property is zoned CMX-2.5.
Key Highlights
- 4,550 SF two‑story restaurant and bar
- Full commercial kitchen included
- 66 interior seats and 16‑seat outdoor patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,930
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,318,600
$1.3M
Cap Rate 7%
$941,857
$941.9K
Cap Rate 9%
$732,556
$732.6K
Market Conditions
NOI Build-Up for 4,550 SF
Gross rent
$95.6K $21.00/SF
− Vacancy
−$7.6K −$1.68/SF
EGI
$87.9K $19.32/SF
− OpEx
−$22.0K −$4.83/SF
NOI
$65.9K $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%
$1,318,600
Cap Rate 7%
$941,857
Cap Rate 9%
$732,556
Alternative Uses
Best Use
Specialty Retail
$941.9K
$824.1K – $1.10M
NOI $65,930 @ 7.0% cap · market cap 5.64%
Second Best
Industrial
$477.2K
$417.6K – $556.7K
NOI $33,404 @ 7.0% cap · market cap 2.86%
Theoretical Best
Multifamily LT 5
$1.11M
$970.6K – $1.29M
NOI $77,645 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
780
Businesses Nearby
48k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Dining 32%
Sunoco
Shops & Services
23,998 visits/mo
0.1 miles
Dunkin' Donuts
Dining
15,537 visits/mo
0.1 miles
7-Eleven
Shops & Services
6,905 visits/mo
0.1 miles
Truist
Shops & Services
1,423 visits/mo
0.3 miles
Demographics for 19129, PA
11,437
Population
6,228
Households
1.8
Avg Household Size
35
Median Age
60%
College-Educated
96%
High-School Grad
2.1 sq mi
ZIP Area
5,446
Density / Sq Mi
$77,225
Median Household Income
$58,576
Median Earnings
$1,471
Median Rent
$297,400
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 Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Renovated commercial kitchen with indoor and patio seating, plus an included liquor license.
Where is this conventional restaurant located?
The property is located at 3749-51 Midvale Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,170,000.
What are key features of this property?
This property features: 4,550 SF two‑story restaurant and bar; Full commercial kitchen included; 66 interior seats and 16‑seat outdoor patio
