Corner Mixed-Use Hospitality and
For Sale
$1,350,000
541 GIRARD AVENUE, Philadelphia, PA 19125
Corner mixed-use building with extensive frontage and a ground-floor bar plus two bi-level residential units.
Property Size3,285 SF
Price / SF$410.96
Days on Market162
Property Features for 541 GIRARD AVENUE
General Information
Standard status
Active
Size
3,285 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$4,367
Amenities
A/C - Other
3
Parking.
On Street.
32.00 x 50.00
Building Details
Year Built
1915
Listing Agency:
Mallin Panchelli Nadel Realty Inc
(215) 413-4900
Listed By:
Veronica Gintel Blum · License #RS290724
(215) 413-4900
Source:
Xome
Added: Mar 2
Changed: Aug 8
Last Checked: Aug 11 at 5:49AM
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 Mallin Panchelli Nadel Realty Inc
Investment Insights
Based on property information with market context.
This corner mixed-use building totals 3,285 SF and sits on a 1,600 SF lot. The ground floor features a 1,500 SF bar space. The upper floors are configured as two bi-level residential units, each offering two bedrooms and two bathrooms.
The building has extensive frontage along both East Girard Avenue and East Montgomery Avenue. It is located in Fishtown and offers easy access to the I-95 corridor and I-676 exchange, along with nearby mass transit including the E Girard and Palmer St light rail stop.
For an owner-operator or investor, the layout supports combining hospitality space with supplemental residential rental income through the two upper units.
The building has extensive frontage along both East Girard Avenue and East Montgomery Avenue. It is located in Fishtown and offers easy access to the I-95 corridor and I-676 exchange, along with nearby mass transit including the E Girard and Palmer St light rail stop.
For an owner-operator or investor, the layout supports combining hospitality space with supplemental residential rental income through the two upper units.
Key Highlights
- Corner mixed‑use building with frontage along both E Girard Ave and E Montgomery Ave
- 3,285 SF building on a 1,600 SF lot; 32.00 x 50.00 lot dimensions
- Ground‑floor bar space totaling 1,500 SF
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
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 Multifamily in Northeast region
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
- The 700 — 700 N 2nd St, Philadelphia, PA 19123
- Druid's Keep — 149 Brown 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 with extensive frontage and a ground-floor bar plus two bi-level residential units.
Where is this bar & pub located?
The property is located at 541 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: Corner mixed‑use building with frontage along both E Girard Ave and E Montgomery Ave; 3,285 SF building on a 1,600 SF lot; 32.00 x 50.00 lot dimensions; Ground‑floor bar space totaling 1,500 SF
