Turn-Key Liquor
For Sale
$465,000
604 W YORK STREET, Philadelphia, PA 19133
Turn-key storefront liquor store with an R-Liquor License, large cooler, and ADA bathroom with customer seating.
Property Size2,223 SF
Days on Market109
Property Features for 604 W YORK STREET
General Information
Standard status
Active
Size
2,223 SF
Zoning
CMX2
Additional Details
Business Included
Yes
Liquor License
Yes
Taxes and HOA fees
Annual Taxes
$1,433
Amenities
seating
ADA bathroom
large cooler
residential unit with kitchen, full bath, bedrooms
cellar gate
Accessible Hallway(s)
Central Air, Electric
Electric, Natural Gas, Central
Gas Water Heater
On Street
Building Details
Building Size
2,223 SF
Year Built
1915
Buildings
1
Listing Agency:
Keller Williams Realty
Listed By:
Paul P Cheng · License #AB068536
(215) 327-1722
Source:
Evrealestate
Added: May 29
Changed: Sep 13
Last Checked: Sep 14 at 6:28AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This turn-key storefront liquor store includes an R-Liquor License, with the business operations and the building offered for sale. The sales area welcomes customers with seating and leads to a back ADA bathroom. Behind the counter is a large cooler stocked with liquors and merchandise.
An upstairs entrance is located in the rear for residential use. The upper level includes a kitchen, a full bath, and bedrooms. A full basement is also included, with a cellar gate designed for easier loading of inventories.
The property sits on a lot with an adjacent next-door parcel owned by the Philadelphia Land Bank, which the current owner is using for parking. The building was constructed in 1915.
An upstairs entrance is located in the rear for residential use. The upper level includes a kitchen, a full bath, and bedrooms. A full basement is also included, with a cellar gate designed for easier loading of inventories.
The property sits on a lot with an adjacent next-door parcel owned by the Philadelphia Land Bank, which the current owner is using for parking. The building was constructed in 1915.
Key Highlights
- R‑Liquor License included with the turn‑key operation
- Customer seating area flows to a back ADA bathroom
- Large cooler stocked with liquors and merchandise behind the counter
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
$25,125
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
5.40%
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%
$502,500
$502.5K
Cap Rate 7%
$358,929
$358.9K
Cap Rate 9%
$279,167
$279.2K
Market Conditions
NOI Build-Up for 2,223 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
$40.0K $18.00/SF
− Vacancy
−$4.1K −$1.85/SF
EGI
$35.9K $16.15/SF
− OpEx
−$10.8K −$4.84/SF
NOI
$25.1K $11.30/SF
Area
Philadelphia, PA
Vacancy
10.30%
Lease Rate
$18.00 /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%
$502,500
Cap Rate 7%
$358,929
Cap Rate 9%
$279,167
Alternative Uses
Best Use
Retail
$358.9K
$314.1K – $418.8K
NOI $25,125 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$541.9K
$474.2K – $632.3K
NOI $37,935 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
2,190
Businesses Nearby
100k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Shops & Services 36%
Groceries 11%
Apparel 4%
Wendy's
Dining
15,283 visits/mo
0.5 miles
Speedway
Shops & Services
12,422 visits/mo
0.4 miles
Burger King
Dining
11,767 visits/mo
0.4 miles
Save-A-Lot
Groceries
11,355 visits/mo
0.5 miles
Dunkin' Donuts
Dining
10,026 visits/mo
0.4 miles
Demographics for 19133, PA
24,772
Population
10,766
Households
2.3
Avg Household Size
34
Median Age
7%
College-Educated
63%
High-School Grad
1.3 sq mi
ZIP Area
19,055
Density / Sq Mi
$31,756
Median Household Income
$26,563
Median Earnings
$919
Median Rent
$85,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Philadelphia, PA
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Frequently Asked Questions
What type of property is this?
Storefront property - Turn-key storefront liquor store with an R-Liquor License, large cooler, and ADA bathroom with customer seating.
Where is this storefront property located?
The property is located at 604 W YORK STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: R‑Liquor License included with the turn‑key operation; Customer seating area flows to a back ADA bathroom; Large cooler stocked with liquors and merchandise behind the counter
