Building Details

Building Size 7,420 SF

Year Built 1970

Buildings 1

Abandoned No

Listing Agency: Real of Pennsylvania

Listed By: William Holder · License #2077526 Show Phone

Source: Evrealestate

Added: Apr 15 Changed: Sep 13 Last Checked: Sep 14 at 5:47AM

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Investment Insights

Based on property information with market context.

Located at 4400 Chichester Ave in Boothwyn, Pennsylvania, this mixed-use property combines an operating restaurant with an upper-level residential unit that is occupied by a tenant. The restaurant includes a fully equipped kitchen with a pizza oven, walk-in refrigerators and freezer, preparation and serving stations, and a beverage station. A separate banquet and event room, basement storage, and private office space expand the existing layout. The sale includes a Pennsylvania liquor license and the restaurant equipment. Permits are in place for a 40–50 guest outdoor deck expansion. The property sits on a large lot with parking for approximately 60 vehicles, supporting restaurant, event, and hospitality uses. The Sage Diner name and operating business are identified in the property information.

Key Highlights

• Operating restaurant with fully equipped kitchen and banquet/event room
• Pennsylvania liquor license transfers with the property
• Tenant‑occupied residential unit above the commercial space

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

$95,362

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

3.67%

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%

$1,907,240 $1.9M

Cap Rate 7%

$1,362,314 $1.4M

Cap Rate 9%

$1,059,578 $1.1M

Market Conditions

NOI Build-Up for 7,420 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

$133.6K $18.00/SF

− Vacancy

−$6.4K −$0.86/SF

EGI

$127.1K $17.14/SF

− OpEx

−$31.8K −$4.28/SF

NOI

$95.4K $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 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%

$1,907,240

Cap Rate 7%

$1,362,314

Cap Rate 9%

$1,059,578

Alternative Uses

Best Use

Specialty Retail

$1.36M

$1.19M – $1.59M (±1% cap)

NOI $95,362 @ 7.0% cap · market cap 3.67%

Second Best

Apartment 5plus

$1.06M

$929.8K – $1.24M (±1% cap)

NOI $74,383 @ 7.0% cap · market cap 2.86%

Theoretical Best

Office A

$2.25M

$1.97M – $2.62M (±1% cap)

NOI $157,477 @ 7.0% cap · market cap 6.06%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Sage Diner Restaurant Turanos Pizza and Grill Restaurant LibertyX Bitcoin ATM Atm

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Spa & Massage Center Nail Salon Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Residential units

100%

Occupancy

Turnkey business

Opportunity

Yes

Liquor license

Location Intelligence

Trade Area within ½ mile

264

Businesses Nearby

171k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Superstores 44% Shops & Services 22% Groceries 18% Dining 13%

Walmart Superstores

75,481 visits/mo 0.3 miles

ACME Markets Groceries

31,180 visits/mo 0.2 miles

TD Bank Shops & Services

23,015 visits/mo 0.2 miles

Dunkin' Donuts Dining

12,849 visits/mo 0.1 miles

Dollar Tree Shops & Services

11,500 visits/mo 0.2 miles

Demographics for 19061, PA

20,207

Population

8,381

Households

2.4

Avg Household Size

40

Median Age

21%

College-Educated

92%

High-School Grad

7.0 sq mi

ZIP Area

2,887

Density / Sq Mi

$77,249

Median Household Income

$46,055

Median Earnings

$1,215

Median Rent

$229,700

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Restaurant operation, tenant-occupied residence, Pennsylvania liquor license, and approved outdoor expansion create a diverse commercial asset.

Where is this mixed-use property located?

The property is located at 4400 Chichester #Nll Boothwyn, PA.

What is the asking price?

The asking price for this property is $2,600,000.

What are key features of this property?

This property features: Operating restaurant with fully equipped kitchen and banquet/event room; Pennsylvania liquor license transfers with the property; Tenant‑occupied residential unit above the commercial space