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Turnkey Restaurant Opportunity in Conshohocken
For Sale
$1,850,000

641 Old Elm Street, Conshohocken, PA 19428

Fully built-out restaurant with outdoor dining and redevelopment potential.

Property Size5,775 SF
Price / SF$320.35
Days on Market97

Property Features for 641 Old Elm Street

General Information

Standard status Active
Size 5,775 SF
Property subtype Land
Lease Term []
Listing Agency: MSC Retail,Inc.
Listed By: Neema Kashi · License #RS306451
Source: Deepcreeklake
Added: May 20 Changed: Aug 23 Last Checked: Aug 24 at 6:50AM

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 MSC Retail,Inc.

Investment Insights

Based on property information with market context.

The property at 641 Old Elm Street, Conshohocken, PA, presents a turnkey restaurant opportunity within a growing hospitality corridor. The existing restaurant fit-out allows for immediate occupancy, reducing upfront capital requirements for operators. Situated along a heavily trafficked connector between Conshohocken and Plymouth Meeting, the property benefits from strong visibility and accessibility. On-site parking is available for up to 39 vehicles. The site is approved for approximately 1,500 square feet of outdoor dining, with the potential to enhance or reconfigure the outdoor lot for patio use or redevelopment. The location benefits from consistent local demand drivers, including proximity to The Proving Grounds and Tee's Golf Center, as well as residential growth, with approximately 2,000 luxury apartment units delivered in the immediate area over the past three years. Additional upside exists through the potential renovation of the second and third floors for office or residential use. The inclusion of a full R liquor license expands the range of viable concepts. The property size is 5,775 square feet.

Key Highlights

  • Turnkey restaurant opportunity allows for immediate occupancy.
  • High visibility and accessibility on a heavily trafficked connector road.
  • Includes a full R liquor license, expanding viable concept options.

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Spa & Massage Center Hair Salon Nail Salon Bakery (Bike/Boat/Book/etc) Store Grocery & Convenience 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.

Location Intelligence

Trade Area within ½ mile

599
Businesses Nearby
Under-served
Demand for This Use

Demographics for 19428, PA

19,690
Population
10,032
Households
2
Avg Household Size
36
Median Age
66%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
2,697
Density / Sq Mi
$116,566
Median Household Income
$73,713
Median Earnings
$1,900
Median Rent
$445,900
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
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Fully built-out restaurant with outdoor dining and redevelopment potential.
Where is this conventional restaurant located?
The property is located at 641 Old Elm Street Conshohocken, PA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Turnkey restaurant opportunity allows for immediate occupancy.; High visibility and accessibility on a heavily trafficked connector road.; Includes a full R liquor license, expanding viable concept options.
More about this property
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