Building Details

Year Built 1802

Buildings 1

Listing Agency: Higgins & Welch Real Estate, Inc. Show Phone

Listed By: Edward A Welch III · License #RM420863 Show Phone

Source: Cummingsrealtors

Added: Oct 12 Changed: Oct 15 Last Checked: Oct 15 at 2:19AM

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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 Higgins & Welch Real Estate, Inc.

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Investment Insights

Based on property information with market context.

The first-floor restaurant space totals approximately 1,863 square feet and includes a main dining room previously arranged for 50 seats, a separate private dining room for 12 to 15 guests, and a front area with additional seating potential for 12 to 15. A service bar and restroom facilities are in place. The commercial kitchen has a cooking line, exhaust hood, fire-suppression system, walk-in refrigeration, and an operational walk-in freezer. Existing restaurant furnishings and equipment may be included in AS-IS condition, subject to an agreed inventory and lease terms. Reinstallation of a bar would require applicable approvals and tenant improvements.

The property is at 700 Bethlehem Pike near Montgomery Avenue in Erdenheim, Springfield Township. The remarks cite a previously reported traffic count exceeding 16,000 vehicles per day. Exterior work includes replacement windows, restored and painted stucco, architectural trim, and a resurfaced, restriped on-site parking lot.

A second-floor apartment of approximately 1,186 square feet is separately available. Additional second-floor dining space may also be available under a separate lease.

Key Highlights

• Approximately 1,863‑square‑foot first‑floor restaurant space
• Main dining room previously configured for 50 seats
• Separate private dining room accommodates 12‑15 guests; front area has potential for another 12‑15 seats

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,282

Suggested Prices Based on Cap Rates

Cap Rate 5%

$385,640 $385.6K

Cap Rate 7%

$275,457 $275.5K

Cap Rate 9%

$214,244 $214.2K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,863 SF

Gross rent

$33.5K $18.00/SF

− Vacancy

−$2.7K −$1.44/SF

EGI

$30.9K $16.56/SF

− OpEx

−$11.6K −$6.21/SF

NOI

$19.3K $10.35/SF

Area

Montgomery County, PA

Vacancy

8.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$385,640

Cap Rate 7%

$275,457

Cap Rate 9%

$214,244

Alternative Uses

Best Use

Specialty Retail

$1.07M

$937.7K – $1.25M (±1% cap)

NOI $75,013 @ 7.0% cap · market cap 1,875.33%

Second Best

Mixed Use

$275.5K

$241.0K – $321.4K (±1% cap)

NOI $19,282 @ 7.0% cap · market cap 482.05%

Theoretical Best

—

—

same as Best Use

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

Property Analytics

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Current Use

Bacio Italian Cucina Restaurant

Suggested Use

Top Pick Restaurant Building Supply Barber Shop Cafe & Coffee Shop Furniture & Home Goods 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

Sprinkler system

Location Intelligence

Trade Area within ½ mile

418

Businesses Nearby

4k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 89% Dining 11%

Lukoil Shops & Services

2,515 visits/mo 0.1 miles

Enterprise Rent-A-Car Shops & Services

1,464 visits/mo 0.2 miles

Twisters Dining

506 visits/mo 0.1 miles

Demographics for 19038, PA

32,490

Population

11,889

Households

2.7

Avg Household Size

40

Median Age

56%

College-Educated

96%

High-School Grad

8.2 sq mi

ZIP Area

3,962

Density / Sq Mi

$113,464

Median Household Income

$56,934

Median Earnings

$1,407

Median Rent

$387,800

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

Frequently Asked Questions

What type of property is this?

Conventional restaurant - Existing kitchen infrastructure includes a cooking line, exhaust hood, fire suppression, walk-in refrigeration, and an operational freezer.

Where is this conventional restaurant located?

The property is located at 700 BETHLEHEM PIKE FIRST FLOOR Erdenheim, PA.

What are key features of this property?

This property features: Approximately 1,863‑square‑foot first‑floor restaurant space; Main dining room previously configured for 50 seats; Separate private dining room accommodates 12‑15 guests; front area has potential for another 12‑15 seats