Corner Mixed-Use Restaurant
New
For Sale
Contact for pricing
727 S 2Nd Street # COMMERCIAL UNIT, Philadelphia, PA 19147
A two-level commercial unit includes a restaurant kitchen below grade and separate gas and electric meters.
Property Size1,000 SF
Price / SF$3.50
Days on Market4
Property Features for 727 S 2Nd Street # COMMERCIAL UNIT
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Commercial
Zoning
CMX1
Lease Term
Other
Site & Location
Neighborhood
Queen Village
Frontage
16 ft
Utilities to Site
Yes
Additional Details
Floor
Ground + Basement
Commercial Hood
Yes
Amenities
modernized basement kitchen
updated commercial appliances
large exhaust hood
attractive brickwork
recessed lighting
central air conditioning
Ceramic Tile
Natural Gas
Yes
1
10' to 12'
N
Public
16.00 x 70.00
0.03
No
Assessor
On Street
Building Details
Year Built
1890
Stories
2
Tenancy
Multi
Listing Agency:
KW Empower
(215) 627-3500
Listed By:
Vasili G Barbounis
(215) 439-1002
Source:
Thetristaterealestategroup
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 6 at 6:43AM
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 KW Empower
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The commercial unit occupies approximately 1,000 square feet across two levels, with 500 square feet on the first floor and 500 square feet below grade. The basement contains a restaurant kitchen with commercial appliances and a large exhaust hood, plus separate gas and electric meters. Other interior features include recessed lighting, ceramic tile, and central air conditioning. The space is currently vacant, and the first-floor interior can be modified to suit tenant needs.
The unit is at the corner of 2nd and Monroe Streets in Philadelphia’s Queen Village neighborhood. The building also contains residential units, which are leased. Zoning is CMX1. A NNN lease or negotiable terms are noted.
The unit is at the corner of 2nd and Monroe Streets in Philadelphia’s Queen Village neighborhood. The building also contains residential units, which are leased. Zoning is CMX1. A NNN lease or negotiable terms are noted.
Key Highlights
- Approximately 1,000 square feet, split evenly between the first floor and basement
- Basement restaurant kitchen with commercial appliances and a large exhaust hood
- Separate gas and electric meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,880
Suggested Prices Based on Cap Rates
Cap Rate 5%
$237,600
$237.6K
Cap Rate 7%
$169,714
$169.7K
Cap Rate 9%
$132,000
$132.0K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$21.6K $21.60/SF
− Vacancy
−$2.6K −$2.59/SF
EGI
$19.0K $19.01/SF
− OpEx
−$7.1K −$7.13/SF
NOI
$11.9K $11.88/SF
Area
Philadelphia, PA
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$237,600
Cap Rate 7%
$169,714
Cap Rate 9%
$132,000
Alternative Uses
Best Use
Specialty Retail
$207.0K
$181.1K – $241.5K
NOI $14,490 @ 7.0% cap · market cap 414.00%
Second Best
Mixed Use
$169.7K
$148.5K – $198.0K
NOI $11,880 @ 7.0% cap · market cap 339.43%
Theoretical Best
Multifamily LT 5
$243.8K
$213.3K – $284.4K
NOI $17,065 @ 7.0% cap · market cap 487.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
4,605
Businesses Nearby
46k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Groceries 28%
Shops & Services 20%
Beauty & Spa 9%
Dunkin' Donuts
Dining
14,001 visits/mo
0.4 miles
ACME Markets
Groceries
12,615 visits/mo
0.4 miles
TD Bank
Shops & Services
6,416 visits/mo
0.2 miles
Chart House
Dining
3,684 visits/mo
0.4 miles
Pep Boys Auto Parts & Service
Shops & Services
2,598 visits/mo
0.5 miles
Demographics for 19147, PA
41,096
Population
20,735
Households
2
Avg Household Size
36
Median Age
69%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
31,612
Density / Sq Mi
$104,190
Median Household Income
$71,905
Median Earnings
$1,679
Median Rent
$524,900
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Philadelphia, PA
Properties on Market for Mixed-use properties in Philadelphia
Vacancy Rate% for Retail in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Mixed-use property - A two-level commercial unit includes a restaurant kitchen below grade and separate gas and electric meters.
Where is this mixed-use property located?
The property is located at 727 S 2Nd Street # COMMERCIAL UNIT Philadelphia, PA.
What are key features of this property?
This property features: Approximately 1,000 square feet, split evenly between the first floor and basement; Basement restaurant kitchen with commercial appliances and a large exhaust hood; Separate gas and electric meters
