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    Property profile & analytics

    1714 Cherry St Philadelphia, PA 19103-2709

    • Turn key restaurants
    • 1,230 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimation
    $785,000
    Last Sale
    Jul 31, 2023
    $820,000
    Location Intelligence
    Property ID
    US73-1195285
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • DelocInk / Tattoo Shop

    Property Details for 1714 Cherry St

    Year built
    1940
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.05 lot acres
    Property size
    1,230 SF
    Zone code
    CMX5
    Property type
    Turn key restaurants
    APN
    88-2-9342-50
    APU
    882934250

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $780,000

    • CAP approach

      CAP return
      Estimation
      6%
      $740,000
      6.5%
      $790,000
      7%
      $720,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $750,000
      Geo Method
      $870,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $770,000
      Retail
      $705,000
      Mixed-Use
      $705,000
      Hospitality
      $830,000
      Educational
      $830,000
      Residential Income
      $885,000
      Energy
      $890,000
      Income-Based Land
      $775,000
      Food Service
      $815,000

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1683
    Latitude
    39.9559
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,822
    $83,178
    $332,722
    $415,900
    -
    $83,178
    $332,722
    $415,900

    Comparable in this City

    • Value Estimation by Request
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      1623 Walnut St, Philadelphia, PA 19103-5402
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    • Value Estimation
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      1,876 SF

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    • Value Estimation by Request
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      1907 Chestnut St, Philadelphia, PA 19103-3500
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    • Value Estimation
      $315,000
      1,040 SF

      116 21st St

      RESTAURANT • 1,040 SF
      116 21st St, Philadelphia, PA 19103-1325
      View Details

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    Philadelphia, PA 19103-2709
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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