Bar and Restaurant For
853 E Allegheny Philadelphia, PA 19134
New
853 E Allegheny, Philadelphia, PA, 19134
$399,000
For Sale
$399,000
For sale with convenient transportation access and positioned in a high-traffic area.
Property Size1,568 SF
Price / SF$254.46
Days on Market3
Property Features for 853 E Allegheny
General Information
- Standard status
- Active
- Size
- 1,568 SF
Building Details
- Year Built
- 1925
Listing agency
Sam Pace & Associates
(610) 565-9040
Listed by
Armand C Pace · License #RM061832B
Source
Kandorre
Added: Jul 21 Updated: Jul 22 at 1:12PM Checked: Jul 22 at 1:12PM
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 Sam Pace & Associates
Investment Insights
Based on property information with market context.
For sale: a well-known bar and restaurant operating as Jack's Famous Bar. The property is presented as an iconic local watering hole and is available for purchase by qualified buyers.
Public remarks note the location offers convenient transportation access and is situated in a high-traffic area. The property’s address is 853 E Allegheny, Philadelphia, PA 19134.
Additional details, including interior layout and any specific improvements, are not provided in the available information, but buyers are encouraged to see the property in person.
Public remarks note the location offers convenient transportation access and is situated in a high-traffic area. The property’s address is 853 E Allegheny, Philadelphia, PA 19134.
Additional details, including interior layout and any specific improvements, are not provided in the available information, but buyers are encouraged to see the property in person.
Key Highlights
- Built in 1925
- Business: Jack's Famous Bar
- Located in a high‑traffic area with convenient transportation access
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.9k | $21.00 |
| − Vacancy | −$2.6k | −$1.68 |
| EGI | $30.3k | $19.32 |
| − OpEx | −$7.6k | −$4.83 |
| NOI | $22.7k | $14.49 |
1,568 SF · lease $21.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$324.6K
$284.0K – $378.7K
NOI $22,720 @ 7.0% cap · market cap 5.69%
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 6.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Jack's Famous Bar
Bar & Pub
nickypouritup215 LLC
Bar & Pub
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- Alina's — 3057 gaul st, philadelphia, pa 19134
- Kensington Community Food Co-op — 2670 Coral St, Philadelphia, PA 19125
- Chandler Bar & Beer Deli — 2974 Aramingo Ave, Philadelphia, PA 19134
FAQs
What type of property is this?
Bar & Pub - For sale with convenient transportation access and positioned in a high-traffic area.
Where is this bar & pub located?
The property is located at 853 E Allegheny Philadelphia, PA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Built in 1925; Business: Jack's Famous Bar; Located in a high‑traffic area with convenient transportation access
