Historic Restaurant with Built-Out
7402 GERMANTOWN AVE, Philadelphia, PA 19119
For Sale
New
$950,000
Private dining and event rooms complement the existing restaurant kitchen and support a range of dining formats.
Property Size3,990 SF
Price / SF$238.10
Days on Market2
Property Features for 7402 GERMANTOWN AVE
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Restaurant
Commercial Hood
Grease Trap
Equipment Included
Liquor License
Amenities
private event spaces
Building Details
Year Built
Listing Agency:
MSC Retail, Inc.
(215) 568-2600
Listed By:
Neema Kashi · License PA RS353300
(610) 329-5475
Source:
Cummingsrealtors
Added: Nov 11
Changed: Nov 12
Last Checked: Nov 12 at 2:17PM
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 MSC Retail, Inc.
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Investment Insights
Based on property information with market context.
This 3,990-square-foot restaurant occupies historic Cresheim Cottage, built circa 1700. The interior includes dining rooms and private event areas, while the kitchen is equipped with a hood system and grease trap. An upstairs station is also part of the restaurant build-out, and a liquor license is included in the sale. Outdoor dining is identified as a potential feature.
The property is at 7402 Germantown Avenue in Mt. Airy, along the walkable Germantown Avenue corridor in Philadelphia.
The property is at 7402 Germantown Avenue in Mt. Airy, along the walkable Germantown Avenue corridor in Philadelphia.
Key Highlights
- 3,990‑square‑foot restaurant space
- Historic Cresheim Cottage, built circa 1700
- Dining rooms and private event areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,815
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,156,300
$1.2M
Cap Rate 7%
$825,929
$825.9K
Cap Rate 9%
$642,389
$642.4K
Market Conditions
NOI Build-Up for 3,990 SF
Gross rent
$83.8K $21.00/SF
− Vacancy
−$6.7K −$1.68/SF
EGI
$77.1K $19.32/SF
− OpEx
−$19.3K −$4.83/SF
NOI
$57.8K $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%
$1,156,300
Cap Rate 7%
$825,929
Cap Rate 9%
$642,389
Alternative Uses
Best Use
Specialty Retail
$825.9K
$722.7K – $963.6K
NOI $57,815 @ 7.0% cap · market cap 6.09%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$972.7K
$851.1K – $1.13M
NOI $68,089 @ 7.0% cap · market cap 7.17%
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
Yes
Grease trap
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
957
Businesses Nearby
51k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Office Supplies 30%
Wawa
Shops & Services
35,513 visits/mo
0.2 miles
Staples
Office Supplies
15,257 visits/mo
0.5 miles
Demographics for 19119, PA
27,265
Population
13,909
Households
2
Avg Household Size
44
Median Age
55%
College-Educated
96%
High-School Grad
3.4 sq mi
ZIP Area
8,019
Density / Sq Mi
$81,609
Median Household Income
$54,598
Median Earnings
$1,291
Median Rent
$326,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Conventional restaurants in Philadelphia, PA
Properties on Market for Conventional restaurants in Philadelphia
Vacancy Rate% for Retail in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Private dining and event rooms complement the existing restaurant kitchen and support a range of dining formats.
Where is this conventional restaurant located?
The property is located at 7402 GERMANTOWN AVE Philadelphia, PA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 3,990‑square‑foot restaurant space; Historic Cresheim Cottage, built circa 1700; Dining rooms and private event areas
