Bar and Restaurant For
For Sale
$399,000
853 E Allegheny, Philadelphia, PA 19134
For sale with convenient transportation access and positioned in a high-traffic area.
Property Size1,568 SF
Price / SF$254.46
Days on Market97
Property Features for 853 E Allegheny
General Information
Standard status
Active
Size
1,568 SF
Site & Location
Neighborhood
Kensington
Building Details
Year Built
1925
Listing Agency:
Sam Pace & Associates
Listed By:
Armand C Pace · License #RM061832B
(610) 565-9040
Source:
Elkaimpropertygroup
Added: Jul 21
Changed: Oct 12
Last Checked: Oct 24 at 10:12PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,720
Cap Rate
5.69%
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 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 authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
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
Similar Off Market Nearby
- Kensington Community Food Co-op — 2670 Coral St, Philadelphia, PA 19125
- Chandler Bar & Beer Deli — 2974 Aramingo Ave, Philadelphia, PA 19134
- Alina's — 3057 gaul st, philadelphia, pa 19134
- M&C Cold Beer — 2328 E Clearfield St #4443, Philadelphia, PA 19134
- Shenanigans — 3133 Gaul St, Philadelphia, PA 19134
Frequently Asked Questions
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
