Corner Beer Deli Building with
For Sale
$450,000
6500 PASCHALL AVENUE, Philadelphia, PA 19142
Corner retail building with a beer deli ground floor, seating upstairs, and a separate-access two-bedroom apartment.
Property Size3,300 SF
Price / SF$136.36
Days on Market97
Property Features for 6500 PASCHALL AVENUE
General Information
Standard status
Active
Size
3,300 SF
Property subtype
Business
Additional Details
Business Included
Yes
Liquor License
Yes
Multifamily Units
1
Amenities
seven-door cooler
well-equipped kitchen
bulletproof glass
seating area on second floor
two-bedroom apartment
separate entrance
driveway
Building Details
Year Built
1925
Stories
3
Listing Agency:
PK PROPERTY INC.
(215) 635-5100
Listed By:
Peter Han · License #RM422904
(215) 668-1666
Source:
Cummingsrealtors
Added: Jun 5
Changed: Sep 8
Last Checked: Sep 8 at 5:13AM
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 PK PROPERTY INC.
Investment Insights
Based on property information with market context.
This corner “beer deli” is presented as a three-story commercial building. The ground floor operates as the deli and includes a seven-door cooler, a well-equipped kitchen, and bulletproof glass. The business currently sells items such as beer and candy, rather than prepared food, and operates daily from 10 AM to 10 PM.
The second floor provides seating, while the third floor contains a two-bedroom apartment with its own separate entrance for access when the shop is closed. A driveway along the side and rear of the building supports convenient access, and street parking is available on both sides of the corner.
The package is offered as a combined sale that includes the building, licenses, apartment facilities, and the business operations. The ground-floor setup is designed to support high-volume individual beer unit sales, and the property includes separate functionality for the retail and residential components.
The second floor provides seating, while the third floor contains a two-bedroom apartment with its own separate entrance for access when the shop is closed. A driveway along the side and rear of the building supports convenient access, and street parking is available on both sides of the corner.
The package is offered as a combined sale that includes the building, licenses, apartment facilities, and the business operations. The ground-floor setup is designed to support high-volume individual beer unit sales, and the property includes separate functionality for the retail and residential components.
Key Highlights
- 1925‑built corner retail building with beer deli on the ground floor
- Ground‑floor beer deli features a seven‑door cooler and well‑equipped kitchen, secured with bulletproof glass
- Business currently operates 10 AM to 10 PM, owner‑operated with no additional staff; weekly sales average $10,000
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
$37,297
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
8.29%
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%
$745,940
$745.9K
Cap Rate 7%
$532,814
$532.8K
Cap Rate 9%
$414,411
$414.4K
Market Conditions
NOI Build-Up for 3,300 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
$59.4K $18.00/SF
− Vacancy
−$6.1K −$1.85/SF
EGI
$53.3K $16.15/SF
− OpEx
−$16.0K −$4.84/SF
NOI
$37.3K $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%
$745,940
Cap Rate 7%
$532,814
Cap Rate 9%
$414,411
Alternative Uses
Best Use
Retail
$532.8K
$466.2K – $621.6K
NOI $37,297 @ 7.0% cap · market cap 8.29%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$804.5K
$703.9K – $938.6K
NOI $56,314 @ 7.0% cap · market cap 12.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
1,336
Businesses Nearby
31k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Dining 35%
Dollar General
Shops & Services
13,016 visits/mo
0.4 miles
Dunkin' Donuts
Dining
10,860 visits/mo
0.4 miles
M&T Bank
Shops & Services
2,918 visits/mo
0.3 miles
H&R Block
Shops & Services
2,470 visits/mo
0.3 miles
CubeSmart Self Storage
Shops & Services
1,182 visits/mo
0.4 miles
Demographics for 19142, PA
29,565
Population
12,943
Households
2.3
Avg Household Size
33
Median Age
13%
College-Educated
82%
High-School Grad
1.7 sq mi
ZIP Area
17,391
Density / Sq Mi
$42,812
Median Household Income
$32,763
Median Earnings
$1,269
Median Rent
$110,400
Median Home Value
Market
Vacancy Rate% for Retail in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Corner retail building with a beer deli ground floor, seating upstairs, and a separate-access two-bedroom apartment.
Where is this storefront property located?
The property is located at 6500 PASCHALL AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1925‑built corner retail building with beer deli on the ground floor; Ground‑floor beer deli features a seven‑door cooler and well‑equipped kitchen, secured with bulletproof glass; Business currently operates 10 AM to 10 PM, owner‑operated with no additional staff; weekly sales average $10,000
