Mixed-Use Property with Liquor
For Sale
$420,000
5007 Frankford Ave, Philadelphia, PA 19124
Mixed-use building with a turnkey sports bar/restaurant space, two residential units, and an included R-liquor license.
Property Size2,803 SF
Price / SF$149.84
Days on Market94
Property Features for 5007 Frankford Ave
General Information
Standard status
Active
Size
2,803 SF
Additional Details
Furnished
Yes
Liquor License
Yes
Multifamily Units
2
Building Details
Year Built
1900
Stories
3
Listing Agency:
PK PROPERTY INC.
Listed By:
Anthony Seo
(267) 471-9001
Source:
Kandorre
Added: Jul 21
Changed: Oct 16
Last Checked: Oct 20 at 11:59PM
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 PK PROPERTY INC.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property includes a fully equipped, turn-key sports bar and restaurant space on the first floor. The sale includes furniture, fixtures, equipment (FFE), and kitchen infrastructure. The business is currently closed, and the property is being sold completely AS-IS.
The upper level features two residential units on the 2nd and 3rd floors, both described as in livable condition. Additional space includes a full basement for storage and a private backyard.
The R-liquor license is included with the sale, which consists of the property and license assets only as presented in the offering materials.
The upper level features two residential units on the 2nd and 3rd floors, both described as in livable condition. Additional space includes a full basement for storage and a private backyard.
The R-liquor license is included with the sale, which consists of the property and license assets only as presented in the offering materials.
Key Highlights
- Mixed‑use building (built 1900) with a sports bar/restaurant space and two residential units (2nd & 3rd floors).
- Turn‑key sports bar/restaurant includes furniture, fixtures, equipment (FFE), and kitchen infrastructure (business now closed).
- Includes an R‑liquor license with the sale.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,118
Cap Rate
8.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$722,360
$722.4K
Cap Rate 7%
$515,971
$516.0K
Cap Rate 9%
$401,311
$401.3K
Market Conditions
NOI Build-Up for 2,803 SF
Gross rent
$55.5K $19.80/SF
− Vacancy
−$3.9K −$1.39/SF
EGI
$51.6K $18.41/SF
− OpEx
−$15.5K −$5.52/SF
NOI
$36.1K $12.89/SF
Area
ZIP 19124
Vacancy
7.03%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$722,360
Cap Rate 7%
$515,971
Cap Rate 9%
$401,311
Alternative Uses
Best Use
Specialty Retail
$1.61M
$1.41M – $1.88M
NOI $112,862 @ 7.0% cap · market cap 26.87%
Second Best
Mixed Use
$688.0K
$602.0K – $802.6K
NOI $48,158 @ 7.0% cap · market cap 11.47%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
1,447
Businesses Nearby
Explore this area
Business Placement
Demographics for 19124, PA
68,766
Population
27,014
Households
2.5
Avg Household Size
33
Median Age
15%
College-Educated
80%
High-School Grad
5.1 sq mi
ZIP Area
13,484
Density / Sq Mi
$46,100
Median Household Income
$35,364
Median Earnings
$1,063
Median Rent
$155,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with a turnkey sports bar/restaurant space, two residential units, and an included R-liquor license.
Where is this mixed-use property located?
The property is located at 5007 Frankford Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Mixed‑use building (built 1900) with a sports bar/restaurant space and two residential units (2nd & 3rd floors).; Turn‑key sports bar/restaurant includes furniture, fixtures, equipment (FFE), and kitchen infrastructure (business now closed).; Includes an R‑liquor license with the sale.
