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    Restaurant Opportunity in Philadelphia, PA Title is generated by Realmo AI

    80 FRANKLIN MILLS Boulevard, Philadelphia, PA 19154

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    For Sale
    $2,990,000

    Commercial Sale - PHILADELPHIA, PA

    Type:Retail
    Property size:
    6,495 SF
    Lot size:
    1.77 Acres
    Price / SF:
    $460/SF
    Added:
    Mar 30, 2026
    Days on Market:
    45
    Last Refresh:
    May 13 at 10:06 am

    Property Features for 80 FRANKLIN MILLS Boulevard

    General Information

    Property type
    Other
    Property subtype
    Retail
    Parking
    170
    Parking features
    Parking Lot, Special Needs
    Standard status
    Active
    Size
    6,495 SF
    Lot size
    1.77 Acres

    Taxes and HOA fees

    Tax Annual Amount
    28748

    Building Details

    Year built
    1985
    Building materials
    Masonry

    We can help!

    Listing Contact
    Veronica Gintel Blum
    Veronica Gintel Blum

    Listing agent Veronica Gintel Blum License #RS290724

    Listing office Mallin Panchelli Nadel Realty Inc 1601 Walnut Street unit: 900, Philadelphia, PA

    Listing date Mar 30, 2026

    MLS# PAPH2601192

    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.

    HighLights

    • Fully fit out restaurant with newly restored kitchen and a 22' hood system.
    • Large parking lot with 170 spaces.
    • Prime frontage: 309' on Franklin Mills Blvd and 247' on Woodhaven Rd.
    • CA‑1 zoning allows for Bar/Restaurant use.
    • Significant power supply: 3 phase 208 V with multiple panels.
    • Large lot size: 77,102 SF (309' x 247').

    Overview

    This commercial property, suitable for a bar or restaurant, is located in Philadelphia, PA. The lot spans 77,102 square feet (1.77 acres), with dimensions of 309 feet by 247 feet. The building has a total area of 6,495 square feet and includes a fully fit-out restaurant with a newly restored kitchen. The property features one 22-foot hood system and five additional ductwork runs to the roof for potential add-on hoods. The power supply is a 3-phase 208V setup with five separate panels, three of which are active with 250A, 250A, and 100A, 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 Boulevard and 247 feet on Woodhaven Road. It is zoned CA-1, Auto-Oriented Commercial, with legal use for a bar or restaurant. The real estate tax assessment for 2026 is $2,053,700, with real estate taxes for 2026 totaling $28,748.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -74.96648
    Latitude
    40.08332

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    FAQs

    What type of property is this?
    Conventional restaurant - Restaurant with 170 parking spaces on 1.77 acres.
    Where is this conventional restaurant 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 newly restored kitchen and a **22' hood system**.; **Large parking lot with 170 spaces**.; Prime frontage: 309' on Franklin Mills Blvd and 247' on Woodhaven Rd.
    (215) 413-4900
    We can help!
    Listing Contact
    Veronica Gintel Blum
    Veronica Gintel Blum
    Real Estate License ID: RS290724
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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