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Restaurant and 6 Unit Apartments Building Queen Village

Second Generation Restaurant and 6 Apartments Queens Village FOR SALE

Listing Contacts

Active

Asking Price: $2,500,000
Earnest Money  Deposit: 5% min.
Address 

700 S 5th St, Philadelphia, PA 19147

Show on Map
Date Added
Feb 3, 2025
Days on Market
84 days
Time Since Last Update
39 days

Details

Property TypeHospitality, Mixed Use, Multifamily, Retail
SubtypeApartment Building, Bar, Restaurant
Investment TypeValue Add
ClassA
Lease TypeNNN
TenancyVacant
Square Footage7,700
Price/Sq Ft$324.68
Pro-Forma Cap Rate6.40%
Pro-Forma NOI$160,000
Units7
Year Built1910
Year Renovated2019
Buildings3
Stories3
ZoningCMX2
Lot Size (sq ft)2,500
Rent Bumps3%
Price/Unit$357,142.86
OwnershipFee Simple

Marketing Description

FOR SALE: PRIME MIXED-USE PROPERTY IN QUEEN VILLAGE, PHILADELPHIA

Property Overview:
Presenting a rare investment opportunity in the heart of Queen Village, Philadelphia—a well-maintained mixed-use property featuring six residential units above a fully equipped second-generation restaurant space.​ Ideally situated on a highly visible corner in one of the city's most sought-after neighborhoods, this property offers excellent visibility, high foot traffic, and proximity to vibrant retail, dining, and entertainment options.​

This versatile and income-generating asset is perfect for investors seeking a high-performing property in one of Philadelphia’s most desirable neighborhoods.​

For more information or to schedule a private tour, please contact Stephen Stafford at SDGRE.​

Investment Highlights

Property Highlights:

  • Residential Units: Six well-appointed apartments, offering a mix of modern amenities and historic charm, ensuring strong tenant demand.

  • Restaurant Space: Turnkey second-generation restaurant space with existing infrastructure, ideal for an owner-operator or an investor looking to lease to a new tenant.

  • Prime Location: Nestled in Queen Village, a dynamic and walkable community known for its historic character, strong rental market, and thriving local businesses.

  • High Foot Traffic: The property benefits from both residential and commercial activity, ensuring consistent exposure and accessibility.

  • Investment Potential: Stable rental income with additional upside through lease restructuring or future improvements.

Valuation Calculator

Valuation Calculator

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Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts


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