Restaurant Opportunity on Franklin Mills
For Sale
$2,990,000
80 Franklin Mills Boulevard, Philadelphia, PA 19154
Restaurant with fully equipped kitchen and ample parking.
Property Size6,495 SF
Lot Size1.77 Acres
Price / SF$460.35
Days on Market153
Property Features for 80 Franklin Mills Boulevard
General Information
Standard status
Active
Size
6,495 SF
Lot size
1.77 Acres
Building Details
Year Built
1985
Listing Agency:
Mallin Panchelli Nadel Realty Inc
(215) 413-4900
Listed By:
Veronica Gintel Blum · License #RS290724
Source:
Kandorre
Added: Mar 30
Changed: Aug 23
Last Checked: Aug 28 at 1:05PM
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 Mallin Panchelli Nadel Realty Inc
Investment Insights
Based on property information with market context.
This property, suitable for use as a bar or restaurant, features a 6,495 square foot building situated on a 77,102 square foot lot. The lot has dimensions of 309 feet by 247 feet. It is zoned CA-1, Auto-Oriented Commercial, which permits its current legal use. The property includes a fully fit-out restaurant with a newly restored kitchen. The kitchen is equipped with one 22-foot hood and five additional ductwork runs to the roof for potential add-on hoods. The power supply is a 3-phase 208 V setup with 5 separate panels, 3 of which are active with 250 A, 250 A, and 100 A, with additional capacity available. HVAC systems include one 12-ton unit and one 10-ton unit. There are 170 parking spaces available. The property has 309 feet of frontage on Franklin Mills Blvd and 247 feet on Woodhaven Rd. The real estate tax assessment for 2026 is $2,053,700, with real estate taxes for 2026 totaling $28,748.
Key Highlights
- Fully fit out restaurant with a newly restored kitchen and a 22’ hood system.
- Large parking lot with 170 spaces.
- Significant frontage: 309’ on Franklin Mills Blvd and 247’ on Woodhaven Rd.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$94,113
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,882,260
$1.9M
Cap Rate 7%
$1,344,471
$1.3M
Cap Rate 9%
$1,045,700
$1.0M
Market Conditions
NOI Build-Up for 6,495 SF
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.
Gross rent
$136.4K $21.00/SF
− Vacancy
−$10.9K −$1.68/SF
EGI
$125.5K $19.32/SF
− OpEx
−$31.4K −$4.83/SF
NOI
$94.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,882,260
Cap Rate 7%
$1,344,471
Cap Rate 9%
$1,045,700
Alternative Uses
Best Use
Specialty Retail
$1.34M
$1.18M – $1.57M
NOI $94,113 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.58M
$1.39M – $1.85M
NOI $110,836 @ 7.0% cap · market cap 3.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
680
Businesses Nearby
453k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 34%
Dining 29%
Shops & Services 23%
Apparel 6%
Walmart
Superstores
152,183 visits/mo
0.2 miles
Sam's Club Gas Station
Shops & Services
35,342 visits/mo
0.5 miles
McDonald's
Dining
32,262 visits/mo
0.2 miles
Dollar Tree
Shops & Services
31,943 visits/mo
0.3 miles
Burlington
Apparel
28,803 visits/mo
0.2 miles
Demographics for 19154, PA
34,681
Population
13,296
Households
2.6
Avg Household Size
39
Median Age
27%
College-Educated
91%
High-School Grad
6.4 sq mi
ZIP Area
5,419
Density / Sq Mi
$93,479
Median Household Income
$50,969
Median Earnings
$1,396
Median Rent
$274,400
Median Home Value
Market
Vacancy Rate% for Retail in Philadelphia, PA
Questions? Ask Rey
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Similar Off Market Nearby
- Curran's Bensalem Restaurant — 1909 Bristol Pike, Bensalem, PA 19020
- Sam's Club Cafe — 1000 Franklin Mills Cir, Philadelphia, PA 19154
- The Owl’s Nest — 2000 Brown Ave, Bensalem, PA 19020
Frequently Asked Questions
What type of property is this?
Bar & Pub - Restaurant with fully equipped kitchen and ample parking.
Where is this bar & pub located?
The property is located at 80 Franklin Mills Boulevard Philadelphia, PA.
What is the asking price?
The asking price for this property is $2,990,000.
What are key features of this property?
This property features: Fully fit out restaurant with a newly restored kitchen and a **22’ hood system**.; Large parking lot with **170 spaces**.; Significant frontage: 309’ on Franklin Mills Blvd and 247’ on Woodhaven Rd.
