Two-Level Bar and
7318 CASTOR Avenue Philadelphia, PA 19152
7318 CASTOR Avenue, Philadelphia, PA, 19152
$900,000
For Sale
$900,000
Commercial Sale - PHILADELPHIA, PA
Property Size5,600 SF
Lot Size0.18 Acres
Price / SF$160.71
Days on Market48
Property Features for 7318 CASTOR Avenue
General Information
- Property type
- Other
- Property subtype
- Retail
- Parking features
- Parking Lot
- Standard status
- Active
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8611
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1950
- Number of units
- 4
- Building materials
- Masonry
Listing agency
RE/MAX 2000
(215) 698-2000
Listed by
Carlos Cesar · License #AB067071
(215) 698-3987
Added: Jun 4 Updated: Jun 9 at 12:20PM Checked: Jul 21 at 11:06AM
MLS# PAPH2630396
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
For sale, real estate only: a two-level bar and restaurant property offering approximately 5,600 square feet of commercial space. The main level is set up for bar and dining operations with a spacious, flexible layout designed to accommodate different service concepts, including bar setups and dedicated customer areas. The property also includes professional space on the second floor, providing additional room for business-related functions.
Located in the Castor Ave business corridor within the Rhawnhurst subdivision of Northeast Philadelphia, the building is configured to support more than one use through its multi-level design. The second level is as big as the main level and is currently occupied by another tenant or institution.
This asset is best suited for an owner-operator or investor seeking a bar and restaurant building with a substantial main-floor footprint and an additional, similarly sized second-floor space under separate occupancy. Buyers should plan to coordinate diligence accordingly, noting that the second-floor area is occupied. The property next door at 7312-16 Castor Ave is also being offered for sale separately or as part of a package.
Located in the Castor Ave business corridor within the Rhawnhurst subdivision of Northeast Philadelphia, the building is configured to support more than one use through its multi-level design. The second level is as big as the main level and is currently occupied by another tenant or institution.
This asset is best suited for an owner-operator or investor seeking a bar and restaurant building with a substantial main-floor footprint and an additional, similarly sized second-floor space under separate occupancy. Buyers should plan to coordinate diligence accordingly, noting that the second-floor area is occupied. The property next door at 7312-16 Castor Ave is also being offered for sale separately or as part of a package.
Key Highlights
- Approximately 5,600 SF commercial space suited for a bar and restaurant business
- Masonry construction with central heating and central air
- Main level offers ample space for bar, dining, and other customer‑facing areas
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 | $117.6k | $21.00 |
| − Vacancy | −$9.4k | −$1.68 |
| EGI | $108.2k | $19.32 |
| − OpEx | −$27.0k | −$4.83 |
| NOI | $81.1k | $14.49 |
5,600 SF · lease $21.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.16M
$1.01M – $1.35M
NOI $81,144 @ 7.0% cap · market cap 9.02%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.37M
$1.19M – $1.59M
NOI $95,563 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
BelovedPhilly
(Bike/Boat/Book/etc) Store
Eka Dance Acadamy
Training Center
Kramer Ob/Gyn & Associates: ...
Physician
Kramer Joel R ...
Physician
Dimension Sports Bar
Bar & Pub
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 - For sale real estate with a large main level and a second-floor space occupied by another tenant or institution.
Where is this bar & pub located?
The property is located at 7318 CASTOR Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Approximately 5,600 SF commercial space suited for a bar and restaurant business; Masonry construction with central heating and central air; Main level offers ample space for bar, dining, and other customer‑facing areas
