Conventional Restaurant with Full
For Sale
Contact for pricing
6824 TORRESDALE AVENUE, Philadelphia, PA 19135
Restaurant facility with a spacious dining room, commercial kitchen systems, basement storage, and reserved parking.
Property Size2,300 SF
Price / SF$1.30
Days on Market52
Property Features for 6824 TORRESDALE AVENUE
General Information
Standard status
Active
Size
2,300 SF
Total Parking Spaces
2
Property subtype
Commercial
Site & Location
Neighborhood
Northeast Philadelphia
Restaurant
Seating Capacity
80
Commercial Hood
Yes
Building Details
Year Built
1935
Listing Agency:
Keller Williams Realty
(856) 321-1212
Listed By:
Paul P Cheng · License #1537342
(215) 327-1722
Source:
Cummingsrealtors
Added: Sep 9
Changed: Oct 29
Last Checked: Oct 28 at 8:26AM
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
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Investment Insights
Based on property information with market context.
This conventional restaurant property at 6824 Torresdale Avenue includes approximately 2,300 square feet of space within a building constructed in 1935. The dining room accommodates up to 80 guests, while the kitchen is equipped with a 20-foot hood system, two walk-in freezers, a walk-in refrigerator, and additional refrigeration. A finished basement provides supplementary storage and workspace. Two reserved parking spaces are included. The property has supported restaurant operations for over 20 years and includes the physical infrastructure associated with an established food-service layout.
Key Highlights
- Dining room accommodates up to 80 guests
- 20‑foot hood system supports commercial kitchen operations
- Includes 2 walk‑in freezers and 1 walk‑in refrigerator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,327
Suggested Prices Based on Cap Rates
Cap Rate 5%
$666,540
$666.5K
Cap Rate 7%
$476,100
$476.1K
Cap Rate 9%
$370,300
$370.3K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$48.3K $21.00/SF
− Vacancy
−$3.9K −$1.68/SF
EGI
$44.4K $19.32/SF
− OpEx
−$11.1K −$4.83/SF
NOI
$33.3K $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 Rate 5%
$666,540
Cap Rate 7%
$476,100
Cap Rate 9%
$370,300
Alternative Uses
Best Use
Specialty Retail
$476.1K
$416.6K – $555.5K
NOI $33,327 @ 7.0% cap · market cap 1,110.90%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$560.7K
$490.6K – $654.2K
NOI $39,249 @ 7.0% cap · market cap 1,308.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
1,126
Businesses Nearby
55k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 69%
Shops & Services 31%
McDonald's
Dining
22,614 visits/mo
0.5 miles
Dunkin' Donuts
Dining
15,388 visits/mo
0.5 miles
Sunoco
Shops & Services
12,241 visits/mo
0.5 miles
7-Eleven
Shops & Services
4,805 visits/mo
0.1 miles
Demographics for 19135, PA
35,422
Population
14,323
Households
2.5
Avg Household Size
34
Median Age
16%
College-Educated
82%
High-School Grad
2.3 sq mi
ZIP Area
15,401
Density / Sq Mi
$51,817
Median Household Income
$38,673
Median Earnings
$1,197
Median Rent
$182,900
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
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant facility with a spacious dining room, commercial kitchen systems, basement storage, and reserved parking.
Where is this conventional restaurant located?
The property is located at 6824 TORRESDALE AVENUE Philadelphia, PA.
What are key features of this property?
This property features: Dining room accommodates up to 80 guests; 20‑foot hood system supports commercial kitchen operations; Includes 2 walk‑in freezers and 1 walk‑in refrigerator
