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Property profile & analytics
OFF-MARKET Estimated value $795,000
Turn key restaurants

1714 Cherry St Philadelphia, PA 19103-2709

1,230 SF 0.05 ac lot Built 1940
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US73-1195285
Property summary
AI-generated overview

This 1,230 square foot restaurant/bar, located at 1714 Cherry Street in Philadelphia, Pennsylvania (zip code 19103), is a single-tenant property zoned CMX-5 in Philadelphia County. The building, a historic carriage house with a rich history dating back to the 1870s, has served as a thriving pub, Mace's Crossing, for decades. Its resilient past, surviving urban development and changes in the surrounding landscape, speaks to its strong foundation and enduring appeal. The property offers a unique opportunity to own a piece of Philadelphia's history, situated in a prime location with established clientele. The building's long-standing success as a popular establishment demonstrates its viability and potential for continued profitability. This is a rare chance to acquire a well-established business in a vibrant and historic neighborhood. The property's single-tenant occupancy simplifies management and provides a stable income stream. The CMX-5 zoning allows for a variety of commercial uses, offering flexibility for future development or expansion.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1940
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,230 SF
Lot 0.05 ac (2,040 SF)
Zoning code CMX5
APN 88-2-9342-50
UPID US73-1195285
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • DelocInk Tattoo & Piercing Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$760k
CAP Approach CAP
by Request
Comparable Approach Comparable
$578k
Blend (final) Blend
$795k
Owner & transaction history
1714 Cherry Owner LLC · 2 yrs held
1714 Cherry Owner LLC
since 2023
Last sale
$820,000
1 recorded transaction
2023
$820,000
Zoning & alternative use
CMX5 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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