6330 Frankford Ave Philadelphia, PA 19135-3019
This charming, established diner located at 6330 Frankford Avenue in Philadelphia, PA, presents a unique investment opportunity. Owned and operated by the same owners for over 40 years, this turnkey business is ready for immediate operation. The sale includes all furniture and kitchen equipment, eliminating the need for significant upfront investment. The diner boasts a variety of seating options, including booths, floor seating, and counter seating, catering to a wide range of customers. Situated on a triangular lot of 0.2 acres, the property includes a convenient full parking lot, ensuring ample space for patrons. The interior features a fully equipped commercial kitchen with top-of-the-line stainless steel appliances, ensuring efficient and high-quality food preparation. Two clean, multi-stall bathrooms are also included. Accessibility is provided via entry steps and a ramp. The property is priced at $1,500,000. Potential buyers are responsible for verifying all potential uses with the appropriate licensing and inspection authorities. This nostalgic diner offers a chance to own a piece of Philadelphia's culinary history and build upon a well-established business. The property's prime location and existing infrastructure make it an attractive proposition for both seasoned investors and first-time business owners.
-
Red Robin Diner Restaurant
CMX-2.5 Neighborhood Commercial Mixed-Use-2.5 Various special district controls CMX-3 Community Commercial Mixed-Use C-3 RC-3 CMX-4 Core Commercial Mixed-Use C-4 CMX-5 Center City Core Commercial Mixed-Use C-5 CA-1 Auto-Oriented Commercial-1 C-7 NSC CA-2 Auto-Oriented Commercial-2 ASC Eliminated >> C-6 (.2) Map Symbols. (.a) The alphanumeric map symbols are…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CMX2.5 · Philadelphia, PACMX-2.5 Neighborhood Commercial Mixed-Use-2.5 Various special district controls CMX-3 Community Commercial Mixed-Use C-3 RC-3 CMX-4 Core Commercial Mixed-Use C-4 CMX-5 Center City Core Commercial Mixed-Use C-5 CA-1 Auto-Oriented Commercial-1 C-7 NSC CA-2 Auto-Oriented Commercial-2 ASC Eliminated >> C-6 (.2) Map Symbols. (.a) The alphanumeric map symbols are intended to provide a general, relative indication of the range of uses and activities allowed within the respective districts. "CMX" is used to indicate a mixed-use zoning district that is intended to accommodate both commercial and non-commercial development. "CA" is used to indicate zoning districts primarily intended to accommodate auto-oriented commercial development. 291 (.b) The numeral following the dash in the Commercial district map symbols is a relative indicator of the density/intensity or use, with a "1" indicating the lowest density/intensity/use option. (b) Purposes. Philadelphia's commercial zoning districts are primarily intended to accommodate and promote neighborhood-, community- and region-serving commercial uses, as well as mixed-use development consisting of commercial and residential uses in the same building or on the same site. This type of mixed-use development is encouraged in many areas of the City because it reflects the City's traditional urban, pedestrian-oriented character. Encouraging residential development in Commercial zoning districts also provides increased housing choice and reduces motorized transportation demands. The Commercial districts are distinguished primarily on the basis of allowed uses and commercial floor area limits. In the event of a conflict between any provision of this § 14-402 (Commercial and Commercial Mixed-Use Districts) and any other provision of this Zoning Code, the latter shall govern. (c) Descriptions. (.1)
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
