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Corner Restaurant and Bar Building

5300 Market Street, Philadelphia, PA 19139

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For Sale

$1,200,000

CMX2-zoned two-story corner property with an operating bar and event-ready spaces on both levels.

Type:Mixed Use

Property size:

5,964 SF

Price / SF:

$201/SF

HighLights

CMX2‑zoned two‑story corner commercial mixed‑use property in West Philadelphia
Operating bar on the front of the building; lounge area attached
1st‑floor fire code capacity of 285 people and 2nd‑floor capacity of 224 people
Approved for 5 levels going upwards for redevelopment potential
35.00 x 83.00 lot dimensions with on‑street parking
Built in 1925; no pool reported

We can help!

Listing Contact

Chris Griswold

Learn more

For Sale

$1,200,000

CMX2-zoned two-story corner property with an operating bar and event-ready spaces on both levels.

Type:Mixed Use

Property size:

5,964 SF

Price / SF:

$201/SF

Added:: May 25, 2026
Days on Market:: 21
Last Refresh:: Jun 14 at 1:52 am

Property Features for 5300 Market Street

General Information

Standard status: Active
Size: 5,964 SF
Property subtype: Mixed Use

Building Details

Year Built: 1925

We can help!

Listing Contact

Chris Griswold

Listing agent Chris Griswold License #RS299531

Listing office EXP Realty, LLC

Listing date May 25, 2026

Source Xome

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 EXP Realty, LLC

HighLights

CMX2‑zoned two‑story corner commercial mixed‑use property in West Philadelphia
Operating bar on the front of the building; lounge area attached
1st‑floor fire code capacity of 285 people and 2nd‑floor capacity of 224 people
Approved for 5 levels going upwards for redevelopment potential
35.00 x 83.00 lot dimensions with on‑street parking
Built in 1925; no pool reported

Overview

This 2-story, CMX2-zoned corner commercial mixed-use property includes an established bar at the front and a lounge area attached to the bar. The first floor is set up for bar/restaurant use and is described as having a maximum fire-code capacity of 285 people. The second floor offers additional event and dining flexibility, with space described for banquet, catering, a private speakeasy, or fine dining concepts. A separate door for second-floor guests is noted, and the second-floor entertainment capacity is described as 224 people.

The public remarks describe the building as being in a high-traffic corner setting, with nearby public transportation and surrounding retail and dining uses. The property is located in West Philadelphia.

For buyers and operators, the existing bar and lounge provide immediate hospitality functionality while the upstairs layout supports private events and multiple use directions. The building is also described as approved for five levels, offering a pathway for those looking to redevelop while retaining the existing first-floor use or expanding vertically. With capacity across both levels described as suitable for large and small gatherings, the property may fit operators seeking a hospitality venue with flexible event space.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$125.2k	$21.00
− Vacancy	−$10.0k	−$1.68
EGI	$115.2k	$19.32
− OpEx	−$28.8k	−$4.83
NOI	$86.4k	$14.49

5,964 SF · lease $21.00/SF/yr · vacancy 8.00% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.23M

$1.08M – $1.44M (±1% cap)

NOI $86,418 @ 7.0% cap · market cap 7.20%

Second Best

—

no second resolved use

Theoretical Best

Multifamily LT 5

$1.45M

$1.27M – $1.70M (±1% cap)

NOI $101,775 @ 7.0% cap · market cap 8.48%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Steve's Sports Lounge Bar & Pub Smoke-Stock AGH Furniture & Home Goods

Suggested Use

Similar Places Nearby

Mary's Deli — 516 S 52nd St, Philadelphia, PA 19143
KCJ Ice Cold Beer — 5400 Spruce St, Philadelphia, PA 19139
Jessie's Place — Philadelphia, PA 19143
318 Bar Inc — 318 S 60th St, Philadelphia, PA 19143
Katnip Bar — 412 S 54th St, Philadelphia, PA 19143

Location Insight

Map
Local Demand

City: Philadelphia
County: Delaware
State: Pennsylvania
Longitude: -75.227453
Latitude: 39.960023

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For sale
Bars & Pubs
PA
Philadelphia
19139
5300 Market Street

What type of property is this?

Bar & Pub - CMX2-zoned two-story corner property with an operating bar and event-ready spaces on both levels.

Where is this bar & pub located?

The property is located at 5300 Market Street Philadelphia, PA.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: CMX2‑zoned two‑story corner commercial mixed‑use property in West Philadelphia; Operating bar on the front of the building; lounge area attached; 1st‑floor fire code capacity of 285 people and 2nd‑floor capacity of 224 people