Building Details

Year Built 1954

Buildings 1

Listing Agency: Keller Williams Main Line

Listed By: Bryan Clay · License #RS345751 Show Phone

Source: Findahomewithus

Added: Oct 18 Changed: Oct 21 Last Checked: Oct 20 at 8:47PM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 1,200-square-foot bar and restaurant property on South Avenue was built in 1954. The offering includes a Pennsylvania R liquor license. The site served as a neighborhood tavern for more than 30 years before its former operation ended.

At 611 South Avenue in Secane, the property sits directly across from the Secane SEPTA Station, with street frontage along the local corridor.

Key Highlights

• Pennsylvania R liquor license included with the real estate
• 1,200‑square‑foot bar and restaurant building
• Directly across from the Secane SEPTA Station

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,422

Cap Rate

3.18%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$308,440 $308.4K

Cap Rate 7%

$220,314 $220.3K

Cap Rate 9%

$171,356 $171.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,200 SF

Gross rent

$21.6K $18.00/SF

− Vacancy

−$1.0K −$0.86/SF

EGI

$20.6K $17.14/SF

− OpEx

−$5.1K −$4.28/SF

NOI

$15.4K $12.85/SF

Area

Delaware County, PA

Vacancy

4.80%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$308,440

Cap Rate 7%

$220,314

Cap Rate 9%

$171,356

Alternative Uses

Best Use

Specialty Retail

$220.3K

$192.8K – $257.0K (±1% cap)

NOI $15,422 @ 7.0% cap · market cap 3.18%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$363.8K

$318.4K – $424.5K (±1% cap)

NOI $25,468 @ 7.0% cap · market cap 5.25%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Bars & Pubs

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Liquor license

Location Intelligence

Trade Area within ½ mile

837

Businesses Nearby

210k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 46% Shops & Services 40% Dining 14%

Wawa Shops & Services

41,575 visits/mo 0.4 miles

Giant Food Store Groceries

40,283 visits/mo 0.1 miles

ACME Markets Groceries

37,474 visits/mo 0.5 miles

Wendy's Dining

19,917 visits/mo 0.5 miles

Dollar Tree Shops & Services

19,054 visits/mo 0.2 miles

Demographics for 19018, PA

23,664

Population

10,201

Households

2.3

Avg Household Size

38

Median Age

30%

College-Educated

92%

High-School Grad

2.7 sq mi

ZIP Area

8,764

Density / Sq Mi

$73,451

Median Household Income

$46,387

Median Earnings

$1,346

Median Rent

$215,400

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Retail Space in Shopping Center

923-925 Providence Road, Secane, PA 19018

Contact for pricing

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Similar Off Market Nearby

• Secane Station Tavern — 611 South Ave, Secane, PA 19018
• Tony's Bar — 1002 Woodlawn Ave, Collingdale, PA 19023
• Stingers Restaurant & Bar — 925 Providence Rd, Secane, PA 19018
• JT Brewski's Pub — 510 S Oak Ave, Primos, PA 19018
• Craft Beer Store — 35 Baltimore Pike, Springfield, PA 19064

Frequently Asked Questions

What type of property is this?

Bar & Pub - The sale includes a Pennsylvania R liquor license alongside the property.

Where is this bar & pub located?

The property is located at 611 South Ave Secane, PA.

What is the asking price?

The asking price for this property is $485,000.

What are key features of this property?

This property features: Pennsylvania R liquor license included with the real estate; 1,200‑square‑foot bar and restaurant building; Directly across from the Secane SEPTA Station