Multi-Story Restaurant and
7312-16 Castor Avenue Philadelphia Philadelphia, PA 19152
7312-16 Castor Avenue Philadelphia, Philadelphia, PA, 19152
$1,700,000
For Sale
$1,700,000
Restaurant and bar space with a second-floor area for operations or private events in a Northeast Philadelphia business corridor.
Property Size10,672 SF
Price / SF$159.30
Days on Market21
Property Features for 7312-16 Castor Avenue Philadelphia
General Information
- Standard status
- Active
- Size
- 10,672 SF
Building Details
- Year Built
- 1950
Listing Agency
(866) 825-7169
Listed by
Natacha Minor, MBA
(866) 825-7169
Source
Va.exprealty
Added: Jul 1 Updated: Jul 10 at 2:12 pm Checked: Jul 20 at 2:12 am
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 Natacha Minor, MBA
Investment Insights
Based on property information with market context.
This sale includes a multi-level bar and restaurant property offering approximately 10,672 square feet of commercial space on the main level. The main floor provides a spacious, open platform for designing dining, bar, and entertainment-oriented layouts tailored to a tenant’s operating style. A second-floor level adds professional space that can support administrative functions, private gatherings, or other business-related use.
The property is positioned along the Castor Ave business corridor in the Rhawnhurst section of Northeast Philadelphia. The offering is for the real estate only, and the owner requests that prospective buyers do not approach the tenant or staff with questions about the sale.
For restaurant operators or buyers seeking an established food-and-beverage setting with room to configure guest and service areas, the combination of a substantial main level and dedicated second-floor space provides flexibility for day-to-day operations and additional private programming. The property’s long-standing role in the local community supports an easy transition for an incoming operator focused on maintaining and modernizing the concept.
The property is positioned along the Castor Ave business corridor in the Rhawnhurst section of Northeast Philadelphia. The offering is for the real estate only, and the owner requests that prospective buyers do not approach the tenant or staff with questions about the sale.
For restaurant operators or buyers seeking an established food-and-beverage setting with room to configure guest and service areas, the combination of a substantial main level and dedicated second-floor space provides flexibility for day-to-day operations and additional private programming. The property’s long-standing role in the local community supports an easy transition for an incoming operator focused on maintaining and modernizing the concept.
Key Highlights
- Approximately 10,672 SF of commercial space on the main level for a bar and restaurant setup
- Second‑floor professional space available for administrative use, private events, or other business functions
- 3‑story building with central air and natural gas heating
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $224.1k | $21.00 |
| − Vacancy | −$17.9k | −$1.68 |
| EGI | $206.2k | $19.32 |
| − OpEx | −$51.5k | −$4.83 |
| NOI | $154.6k | $14.49 |
10,672 SF · lease $21.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.21M
$1.93M – $2.58M
NOI $154,637 @ 7.0% cap · market cap 9.10%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.60M
$2.28M – $3.04M
NOI $182,117 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bars & Pubs
Similar For Sale Nearby
Similar Off Market Nearby
- Sergio’s Restaurant and Burger - Philadelphia — 6905 Castor Ave, Philadelphia, PA 19149
- Montana Grill Restaurant — 1502 Unruh Ave, Philadelphia, PA 19111
- Cantinho da Dany — 1424 Unruh Ave, Philadelphia, PA 19111
- Buteco do Renato — 7108 Kindred St, Philadelphia, PA 19149
- New Color. BAR — 6734 Castor Ave, Philadelphia, PA 19149
FAQs
What type of property is this?
Bar & Pub - Restaurant and bar space with a second-floor area for operations or private events in a Northeast Philadelphia business corridor.
Where is this bar & pub located?
The property is located at 7312-16 Castor Avenue Philadelphia Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Approximately 10,672 SF of commercial space on the main level for a bar and restaurant setup; Second‑floor professional space available for administrative use, private events, or other business functions; 3‑story building with central air and natural gas heating
