Neighborhood Tavern with Full
New
For Sale
$350,000
853 E ALLEGHENY Avenue, Philadelphia, PA 19134
Commercial Sale, PHILADELPHIA, PA
Property Size1,568 SF
Lot Size0.02 Acres
Price / SF$223.21
Days on Market4
Property Features for 853 E ALLEGHENY Avenue
General Information
Property type
Other
Property subtype
Retail
Parking features
On Street
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
1843
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1925
Number of units
2
Building materials
Masonry
Listing Agency:
Keller Williams Main Line · Keller Williams Realty
(610) 520-0100
Listed By:
Jon M O'Shea · License #ab069634
(267) 780-3419
Added: Oct 7
Last Checked: Oct 10 at 10:06AM
MLS# PAPH2678746
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.
This two-story masonry tavern contains approximately 1,568 square feet and serves about 30 patrons. The offering includes furniture, fixtures, bar equipment, refrigeration, a POS system, and a kitchen equipped with a fryer and cooktop. A walk-in cooler is located in the basement. The kitchen was reportedly rebuilt in 2017, with plumbing, electrical, and HVAC updates. The building dates to 1925, and central heating and air conditioning are present.
The property is at 853 E Allegheny Avenue, near Kensington Avenue, in Philadelphia. It is zoned CMX-1. On-street parking is noted. The seller-owned full liquor license is subject to PLCB verification and transfer approval. Philadelphia Magazine selected the tavern for its 2016 Best of Philly Dive Bar recognition.
The property is at 853 E Allegheny Avenue, near Kensington Avenue, in Philadelphia. It is zoned CMX-1. On-street parking is noted. The seller-owned full liquor license is subject to PLCB verification and transfer approval. Philadelphia Magazine selected the tavern for its 2016 Best of Philly Dive Bar recognition.
Key Highlights
- Approximately 1,568 SF across two stories
- Bar setup includes refrigeration, equipment, and a POS system
- Kitchen has a fryer, cooktop, and basement walk‑in cooler
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,720
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,400
$454.4K
Cap Rate 7%
$324,571
$324.6K
Cap Rate 9%
$252,444
$252.4K
Market Conditions
NOI Build-Up for 1,568 SF
Gross rent
$32.9K $21.00/SF
− Vacancy
−$2.6K −$1.68/SF
EGI
$30.3K $19.32/SF
− OpEx
−$7.6K −$4.83/SF
NOI
$22.7K $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%
$454,400
Cap Rate 7%
$324,571
Cap Rate 9%
$252,444
Alternative Uses
Best Use
Specialty Retail
$324.6K
$284.0K – $378.7K
NOI $22,720 @ 7.0% cap · market cap 6.49%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$382.3K
$334.5K – $446.0K
NOI $26,758 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
2,685
Businesses Nearby
36k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 95%
Dining 3%
Electronics 2%
Sunoco
Shops & Services
9,282 visits/mo
0.4 miles
7-Eleven
Shops & Services
6,537 visits/mo
0.3 miles
Wells Fargo
Shops & Services
5,981 visits/mo
0.1 miles
Dollar Tree
Shops & Services
5,786 visits/mo
0.4 miles
Bank of America
Shops & Services
3,144 visits/mo
0.1 miles
Demographics for 19134, PA
57,463
Population
25,290
Households
2.3
Avg Household Size
33
Median Age
18%
College-Educated
77%
High-School Grad
3.4 sq mi
ZIP Area
16,901
Density / Sq Mi
$41,849
Median Household Income
$35,858
Median Earnings
$1,179
Median Rent
$127,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Philadelphia, PA
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Includes a seller-owned liquor license, subject to verification and transfer approval.
Where is this bar & pub located?
The property is located at 853 E ALLEGHENY Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Approximately 1,568 SF across two stories; Bar setup includes refrigeration, equipment, and a POS system; Kitchen has a fryer, cooktop, and basement walk‑in cooler
