7312-7316 Castor Ave - Restaurant FOR SALE


Philadelphia, PA 19152- Rhawnhurst
$1,750,000 USD
215-275-7121
7312-7316 Castor Ave, Philadelphia, PA for Sale
$1,750,000 USD
Restaurant - FOR SALE
1/9
null | 7% Cap Rate

7312-7316 Castor Ave
Philadelphia, PA 19152
Rhawnhurst


OVERVIEW

Real Estate Only sale!!!! This prestigious establishment, located in the heart of the Castor Ave Business corridor within the Rhawnhurst subdivision of Northeast Philadelphia, offers a remarkable opportunity for prospective buyers. Boasting approximately 10,672 square feet of commercial space on the main level, this establishment provides a spacious and versatile area for a bar and restaurant business. The main level offers ample room for various business operations, allowing for creative layout and design possibilities. The expansive square footage ensures flexibility in catering to diverse customer needs, from dining areas to bar setups and entertainment spaces. In addition to the generous main level, the establishment includes professional spaces on the second floor. This additional area can be utilized for administrative purposes, private events, or other business-related functions. The multi-level setup enhances the overall functionality and appeal of the property. With a history of serving the Northeast Philadelphia communities for decades, this bar and restaurant establishment has become a staple in the local scene. Its availability for sale presents a unique opportunity for entrepreneurs looking for a great investment opportunity Prospective buyers can explore the potential for creating a vibrant and inclusive space that caters to the diverse tastes of the Northeast communities. The combination of commercial space on the main level and professional spaces on the second floor opens up possibilities for various business models and revenue streams. For those interested in acquiring a well-established Property in a prime location, this offering in the Castor Ave Business corridor is worth serious consideration. It provides the canvas for transforming this space into a thriving hub for social gatherings, culinary experiences, and community engagement. Please don't approach tenant or Staff at bar with questions pertaining to sale . Thank you PS. PROPERTY NEXT DOOR AT 7318 CASTOR AVE BEING AVAILABLE FOR SALE SEPARATELY OR AS PACKAGE

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$165 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,313 SF

ZONING

C2

APN/PARCEL ID

882064700

ASK ABOUT THIS PROPERTY

Carlos CesarRE/MAX CommercialMore Info
215-275-7121

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Carlos CesarRE/MAX CommercialMore Info
215-275-7121

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.