Multi-Floor Restaurant with
For Sale
Contact for pricing
2301 Fairmount Ave, Philadelphia, PA 19130
Multi-floor restaurant includes a fully fitted kitchen, bar and dining rooms, plus a second-floor private event space and patio.
Property Size8,180 SF
Price / SF$238.39
Days on Market522
Property Features for 2301 Fairmount Ave
General Information
Standard status
Active
Size
8,180 SF
Property subtype
RETAIL
Additional Details
Highway Access
Yes
Commercial Hood
Yes
Properties For Sale
at 2301 Fairmount Ave Contact us- Floor
- Bldg
- Size
- 8,180 SF
- Type
- RETAIL
- Availability
- AVAILABLE, Now
- Sublease
- No
2301 Fairmount Ave
- 8,180 +/- SF 2nd Generation muti-floor restaurant space, this includes; double-wide...
show more
Contact us
Listing Agency:
MPN Realty, Inc.
(267) 238-1728
Listed By:
Joe Scarpone · License #RS290724
(215) 520-5091
Source:
Moodyscre
Added: Mar 26, 2025
Changed: Aug 8
Last Checked: Jul 23 at 2:36PM
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 MPN Realty, Inc.
Investment Insights
Based on property information with market context.
This second-generation, multi-floor restaurant space totals approximately 8,180 square feet and features a double-wide first floor with an additional patio area. The concept includes a classic bar and multiple dining rooms, complemented by a second-floor private event dining room.
The property is fully fitted out with a commercial kitchen, including a hood and lower-level kitchen components. Operational support includes walk-ins and storage.
2301 Fairmount Ave is described as a historical property in Fairmount that was recently nominated for designation in the Philadelphia Register of Historic Places. The area is known for walkable access to multiple cultural institutions and has easy access to I-76, I-676, and the Benjamin Franklin Bridge.
The property is fully fitted out with a commercial kitchen, including a hood and lower-level kitchen components. Operational support includes walk-ins and storage.
2301 Fairmount Ave is described as a historical property in Fairmount that was recently nominated for designation in the Philadelphia Register of Historic Places. The area is known for walkable access to multiple cultural institutions and has easy access to I-76, I-676, and the Benjamin Franklin Bridge.
Key Highlights
- 8,180 +/- SF 2nd generation, multi‑floor restaurant space in Fairmount, Philadelphia
- Double‑wide first floor with additional patio and a second‑floor private event dining room
- Fully fitted kitchen with hood and lower level, including walk‑ins and storage
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
$118,528
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
6.08%
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%
$2,370,560
$2.4M
Cap Rate 7%
$1,693,257
$1.7M
Cap Rate 9%
$1,316,978
$1.3M
Market Conditions
NOI Build-Up for 8,180 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
$171.8K $21.00/SF
− Vacancy
−$13.7K −$1.68/SF
EGI
$158.0K $19.32/SF
− OpEx
−$39.5K −$4.83/SF
NOI
$118.5K $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%
$2,370,560
Cap Rate 7%
$1,693,257
Cap Rate 9%
$1,316,978
Alternative Uses
Best Use
Specialty Retail
$1.69M
$1.48M – $1.98M
NOI $118,528 @ 7.0% cap · market cap 6.08%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.99M
$1.74M – $2.33M
NOI $139,591 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
2,221
Businesses Nearby
70k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 58%
Shops & Services 31%
Dining 10%
Apparel 1%
Target
Superstores
40,372 visits/mo
0.4 miles
Gulf Oil
Shops & Services
8,484 visits/mo
0.2 miles
Krispy Krunchy Chicken
Dining
5,555 visits/mo
0.4 miles
The UPS Store
Shops & Services
3,835 visits/mo
0.5 miles
PNC Bank
Shops & Services
3,586 visits/mo
0.4 miles
Demographics for 19130, PA
31,477
Population
18,178
Households
1.7
Avg Household Size
34
Median Age
78%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
26,231
Density / Sq Mi
$110,436
Median Household Income
$76,051
Median Earnings
$1,836
Median Rent
$483,500
Median Home Value
Market
Vacancy Rate% for Retail in Philadelphia, PA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Multi-floor restaurant includes a fully fitted kitchen, bar and dining rooms, plus a second-floor private event space and patio.
Where is this conventional restaurant located?
The property is located at 2301 Fairmount Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 8,180 +/- SF 2nd generation, multi‑floor restaurant space in Fairmount, Philadelphia; Double‑wide first floor with additional patio and a second‑floor private event dining room; Fully fitted kitchen with hood and lower level, including walk‑ins and storage
