6330 Frankford AvePhiladelphia, PA 19135

Property Details for 6330 Frankford Ave

Year built

1950

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.20 AC

Property size (Sq ft)

4,214 SF

Zone code

CMX2.5

Property type

Retail properties

Property subtype

Turn key restaurants

APN

88-2-0584-20

APU

882058420

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,142,130

  6.5%

  $1,054,274

  7%

  $978,968

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,387,515

  Geo Method

  $1,387,515

• Alternative Use

  Use

  Valuation

  Residential

  $889,319

  Hospitality

  $814,612

  Educational

  $677,747

  Medical

  $701,056

  Retail

  $1,054,274

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

40.0285

Longitude

-75.0584

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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