Turn-Key Bar/Restaurant with Outdoor
1361 N 2nd St Philadelphia, PA 19122
For Sale
Contact for pricing
Fully equipped bar/restaurant with outdoor patio in Olde Kensington/Fishtown.
Property Size3,875 SF
Price / SF$400
Days on Market755
Property Features for 1361 N 2nd St
General Information
- Standard status
- Active
- Size
- 3,875 SF
- Property subtype
- Retail
Listing Agency:
MSC Retail
(215) 883-7402
Listed By:
Jacob Cooper · License #PA RS306451
Source:
Crexi
Added: Jun 30, 2024
Changed: Jul 6
Last Checked: Jul 23 at 1:15PM
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 MSC Retail
Investment Insights
Based on property information with market context.
This is a fully equipped, turn-key bar and restaurant available for sale, situated in the Olde Kensington/Fishtown neighborhood. The property includes a Pennsylvania R liquor license. Recent renovations have updated the kitchen and incorporated multiple bars, a large dining room, and attic space for storage. The property features 3,875 square feet of space. An additional 1,000 square foot outdoor patio is included as a separate deed.
Key Highlights
- Turn‑key bar/restaurant with Pennsylvania R liquor license included.
- Prime location in the Olde Kensington/Fishtown neighborhood.
- Dedicated 1,000sf outdoor patio space included as a separate deed.
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 | $81.4k | $21.00 |
| − Vacancy | −$6.5k | −$1.68 |
| EGI | $74.9k | $19.32 |
| − OpEx | −$18.7k | −$4.83 |
| NOI | $56.1k | $14.49 |
3,875 SF · lease $21.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$802.1K
$701.9K – $935.8K
NOI $56,149 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$944.7K
$826.6K – $1.10M
NOI $66,126 @ 7.0% cap · market cap 4.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Maggie's Mac
Restaurant
Kona's Cookies
(Bike/Boat/Book/etc) Store
Similar Off Market Nearby
- Mick Daniels — 2046 S 2nd St, Philadelphia, PA 19148
- Pub On Wolf — 2301 s front st, philadelphia, pa 19148
- T Barr's Bar — 2201 S 8th St, Philadelphia, PA 19148
- McKenna's Pub — 153 Snyder Ave, Philadelphia, PA 19148
- Harryo's Pub — 2153 s hancock st, philadelphia, pa 19148
FAQs
What type of property is this?
Bar & Pub - Fully equipped bar/restaurant with outdoor patio in Olde Kensington/Fishtown.
Where is this bar & pub located?
The property is located at 1361 N 2nd St Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Turn‑key bar/restaurant with Pennsylvania R liquor license included.; Prime location in the Olde Kensington/Fishtown neighborhood.; Dedicated 1,000sf outdoor patio space included as a separate deed.
