Corner Mixed-Use Bar and
For Sale
$1,350,000
541 E GIRARD Avenue, Philadelphia, PA 19125
Commercial Sale - PHILADELPHIA, PA
Property Size3,285 SF
Lot Size0.04 Acres
Price / SF$410.96
Days on Market176
Property Features for 541 E GIRARD Avenue
General Information
Property type
Other
Property subtype
Retail
Parking features
On Street
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
4367
Building Details
Year built
1915
Number of units
3
Building materials
Masonry
Listing Agency:
Mallin Panchelli Nadel Realty Inc
(215) 413-4900
Listed By:
Veronica Gintel Blum · License #RS290724
(215) 413-4900
Added: Mar 4
Changed: Jul 21
Last Checked: Aug 27 at 11:06AM
MLS# PAPH2590058
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property at 541 E Girard Avenue is a corner mixed-use building that totals approximately 3,285 square feet and sits on a 1,600 SF lot. The ground floor is configured as a bar space with 1,500 SF of ground-floor area and extensive frontage along East Girard Avenue. The upper levels include two bi-level residential units, each with two bedrooms and two bathrooms.
The building has frontage along both East Girard Avenue and East Montgomery Avenue, providing visibility from multiple street exposures. Public remarks indicate the bar has operated at this location for over 20 years, and the setting is described as the Fishtown neighborhood, with access to the I-95 corridor and I-676 exchange, as well as the E Girard and Palmer St light rail stop and other local mass transit.
For an owner-operator, the combination of a street-facing hospitality space with two residential units supports flexible use as a live-work arrangement or for generating supplemental rental income.
The building has frontage along both East Girard Avenue and East Montgomery Avenue, providing visibility from multiple street exposures. Public remarks indicate the bar has operated at this location for over 20 years, and the setting is described as the Fishtown neighborhood, with access to the I-95 corridor and I-676 exchange, as well as the E Girard and Palmer St light rail stop and other local mass transit.
For an owner-operator, the combination of a street-facing hospitality space with two residential units supports flexible use as a live-work arrangement or for generating supplemental rental income.
Key Highlights
- 3,285 SF corner mixed‑use building on a 1,600 SF lot in Fishtown (Philadelphia).
- Extensive frontage along both East Girard Ave and East Montgomery Ave.
- Ground‑floor bar space totals 1,500 SF; most recently occupied by Kraftwork for over 20 years.
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
$56,058
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
4.15%
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%
$1,121,160
$1.1M
Cap Rate 7%
$800,829
$800.8K
Cap Rate 9%
$622,867
$622.9K
Market Conditions
NOI Build-Up for 3,285 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
$84.8K $25.80/SF
− Vacancy
−$4.7K −$1.42/SF
EGI
$80.1K $24.38/SF
− OpEx
−$24.0K −$7.31/SF
NOI
$56.1K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
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%
$1,121,160
Cap Rate 7%
$800,829
Cap Rate 9%
$622,867
Alternative Uses
Best Use
Multifamily LT 5
$800.8K
$700.7K – $934.3K
NOI $56,058 @ 7.0% cap · market cap 4.15%
Second Best
Apartment 5plus
$738.2K
$645.9K – $861.2K
NOI $51,671 @ 7.0% cap · market cap 3.83%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,561
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19125, PA
25,325
Population
13,055
Households
1.9
Avg Household Size
34
Median Age
64%
College-Educated
94%
High-School Grad
1.4 sq mi
ZIP Area
18,089
Density / Sq Mi
$110,842
Median Household Income
$62,656
Median Earnings
$1,743
Median Rent
$373,600
Median Home Value
Market
Vacancy Rate% for Office in Philadelphia, PA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Dolce&Caffè — 708 N 2nd St, Philadelphia, PA 19123
- Druid's Keep — 149 Brown St, Philadelphia, PA 19123
- The 700 — 700 N 2nd St, Philadelphia, PA 19123
- Mainstay Independent Brewing Company — 901 N Delaware Ave, Philadelphia, PA 19123
- Craft Hall — 901 N Delaware Ave, Philadelphia, PA 19123
Frequently Asked Questions
What type of property is this?
Bar & Pub - Corner mixed-use building includes a ground-floor bar and two bi-level residential units with extensive street frontage.
Where is this bar & pub located?
The property is located at 541 E GIRARD Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 3,285 SF corner mixed‑use building on a 1,600 SF lot in Fishtown (Philadelphia).; Extensive frontage along both East Girard Ave and East Montgomery Ave.; Ground‑floor bar space totals 1,500 SF; most recently occupied by Kraftwork for over 20 years.
