Turn-Key Liquor Store with
For Sale
$465,000
604 YORK STREET, Philadelphia, PA 19133
Turn-key cold beer and liquor store with an R-liquor license and on-site cooler, plus a rear ADA bathroom.
Property Size2,223 SF
Price / SF$209.18
Days on Market193
Property Features for 604 YORK STREET
General Information
Standard status
Active
Size
2,223 SF
Property subtype
Mixed Use
Additional Details
Business Included
Yes
Liquor License
Yes
Taxes and HOA fees
Annual Taxes
$1,433
Amenities
Central Air
3
Ceramic Tile
Parking.
On Street.
16.00 x 68.00
Other.
Building Details
Year Built
1915
Listing Agency:
Keller Williams Realty
(856) 321-1212
Listed By:
Cherry Hill
(215) 327-1722
Source:
Xome
Added: Feb 23
Changed: Sep 2
Last Checked: Sep 4 at 2:06AM
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 property operates as a turn-key cold beer and liquor store and includes the R-liquor license, with a building offered for sale. Customer seating is located at the front, leading through to an ADA bathroom in the rear. Behind the counter, there is a large cooler housing liquors and merchandise.
A rear entrance provides access to a residential space with a kitchen, full bath, and bedrooms. The lower level includes a full basement and cellar gate designed for loading inventory.
Adjacent to the property, the lot next door is owned by the Philadelphia Land Bank, and the current owner uses it for parking. Showings require proof of funds prior to scheduling.
A rear entrance provides access to a residential space with a kitchen, full bath, and bedrooms. The lower level includes a full basement and cellar gate designed for loading inventory.
Adjacent to the property, the lot next door is owned by the Philadelphia Land Bank, and the current owner uses it for parking. Showings require proof of funds prior to scheduling.
Key Highlights
- Cold beer and liquor store with an R‑liquor license; building available for sale.
- Large customer area with seating and a rear ADA bathroom accessible from the store.
- On‑site large cooler behind the counter with liquors and merchandise.
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
$32,211
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
6.93%
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%
$644,220
$644.2K
Cap Rate 7%
$460,157
$460.2K
Cap Rate 9%
$357,900
$357.9K
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
$46.7K $21.00/SF
− Vacancy
−$3.7K −$1.68/SF
EGI
$42.9K $19.32/SF
− OpEx
−$10.7K −$4.83/SF
NOI
$32.2K $14.49/SF
Area
Philadelphia, PA
Vacancy
8.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$644,220
Cap Rate 7%
$460,157
Cap Rate 9%
$357,900
Alternative Uses
Best Use
Specialty Retail
$460.2K
$402.6K – $536.9K
NOI $32,211 @ 7.0% cap · market cap 6.93%
Second Best
Retail
$358.9K
$314.1K – $418.8K
NOI $25,125 @ 7.0% cap · market cap 5.40%
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
Property Profile
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
Market
Vacancy Rate% for Retail in Philadelphia, PA
Questions? Ask Rey
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Turn-key cold beer and liquor store with an R-liquor license and on-site cooler, plus a rear ADA bathroom.
Where is this grocery and convenience store located?
The property is located at 604 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: Cold beer and liquor store with an R‑liquor license; building available for sale.; Large customer area with seating and a rear ADA bathroom accessible from the store.; On‑site large cooler behind the counter with liquors and merchandise.
