Freestanding Restaurant with Liquor
For Sale
$2,990,000
80 FRANKLIN MILLS Boulevard, Philadelphia, PA 19154
Commercial Sale - PHILADELPHIA, PA
Property Size6,495 SF
Lot Size1.77 Acres
Price / SF$460.35
Days on Market137
Property Features for 80 FRANKLIN MILLS Boulevard
General Information
Property type
Other
Property subtype
Retail
Parking
170
Parking features
Parking Lot, Special Needs
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Lot size
1.77 Acres
Taxes and HOA fees
Tax Annual Amount
28748
Building Details
Year built
1985
Building materials
Masonry
Listing Agency:
Mallin Panchelli Nadel Realty Inc
(215) 413-4900
Listed By:
Veronica Gintel Blum · License #RS290724
(215) 413-4900
Added: Mar 30
Changed: Jul 2
Last Checked: Aug 13 at 12:06AM
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.
Investment Insights
Based on property information with market context.
For sale is a freestanding, fully fit-out restaurant property with a newly restored kitchen hood system. The kitchen hood includes one 22' hood plus five additional ductwork runs to the roof for potential add-on hoods. Power is set up for 3-phase 208V with five separate panels, three active, with 250A, 250A, and 100A service configurations. Additional available HVAC systems include one 12-ton unit and one 10-ton unit. A liquor license is also included with the offering.
The site consists of a 309' by 247' corner lot totaling 77,102 SF, with 309' of frontage along Franklin Mills Blvd and 247' along Woodhaven Rd. The property is identified with CA-1 zoning described as Auto-Oriented Commercial, and it includes a legal use for bar/restaurant. Parking is provided with 170 spaces.
The building totals 6,495 SF. FF&E is included as part of the fully fit-out restaurant configuration, supporting immediate restaurant operations under the property’s legal use.
The site consists of a 309' by 247' corner lot totaling 77,102 SF, with 309' of frontage along Franklin Mills Blvd and 247' along Woodhaven Rd. The property is identified with CA-1 zoning described as Auto-Oriented Commercial, and it includes a legal use for bar/restaurant. Parking is provided with 170 spaces.
The building totals 6,495 SF. FF&E is included as part of the fully fit-out restaurant configuration, supporting immediate restaurant operations under the property’s legal use.
Key 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.
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
Lease Details
Turnkey business
Opportunity
Yes
Heavy power
Yes
Commercial hood
Yes
Liquor license
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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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding, fully fit-out restaurant on a corner lot with 309’ Franklin Mills Blvd frontage and 170 parking spaces.
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.
