Luncheonette/Coffee Shop, 1031 Exchange opportunity, with 6% Cap Rate
Business Description
Imagine walking into your own corner coffee shop in one of Philadelphia's most charming neighborhoods - Queen Village. This isn't just a business opportunity; it's your chance to own a piece of Philadelphia's vibrant food scene while securing a solid 6% cap rate investment.
You'll find this fully equipped luncheonette and coffee shop perfectly positioned on a corner in the prestigious Queen Village area. What makes this even better? The entire mixed-use building comes with it, featuring four residential units that are already leased and generating immediate income. Talk about diversified revenue streams!
Here's what you'll love about this opportunity:
The location is simply unbeatable. Queen Village is known for its walkable streets, thriving dining scene, and proximity to Center City. Your customers will include both loyal neighborhood residents and visitors exploring this historic area.
The building itself tells a story of quality and permanence. This well-maintained brick construction sits on CMX-zoned land, giving you flexibility for various commercial uses while your residential tenants provide steady monthly income.
Financially, you're looking at immediate cash flow from day one. All five units are currently leased, so you won't be wondering about vacancy concerns. The 6% cap rate offers competitive returns in today's market, making this attractive for both 1031 exchanges and direct investment strategies.
Whether you're an experienced restaurant operator ready to run the coffee shop yourself, or an investor seeking turnkey income property, this opportunity fits multiple investment approaches. The diverse unit mix means you're not putting all your eggs in one basket.
The best part? This is truly turnkey. The property's excellent condition means you won't be dealing with major repairs or renovations right away. You can focus on what matters most - growing the business and enjoying the returns.
Queen Village continues to see development and appreciation, supporting your long-term investment goals. This neighborhood's gentrification story is still being written, and you could be part of it.
I'm happy to provide detailed financial documentation and arrange viewings with 24-48 hours notice to respect current tenants. If you're qualified for 1031 exchanges or considering direct investment, let's discuss how this property fits your portfolio goals.
You'll find this fully equipped luncheonette and coffee shop perfectly positioned on a corner in the prestigious Queen Village area. What makes this even better? The entire mixed-use building comes with it, featuring four residential units that are already leased and generating immediate income. Talk about diversified revenue streams!
Here's what you'll love about this opportunity:
The location is simply unbeatable. Queen Village is known for its walkable streets, thriving dining scene, and proximity to Center City. Your customers will include both loyal neighborhood residents and visitors exploring this historic area.
The building itself tells a story of quality and permanence. This well-maintained brick construction sits on CMX-zoned land, giving you flexibility for various commercial uses while your residential tenants provide steady monthly income.
Financially, you're looking at immediate cash flow from day one. All five units are currently leased, so you won't be wondering about vacancy concerns. The 6% cap rate offers competitive returns in today's market, making this attractive for both 1031 exchanges and direct investment strategies.
Whether you're an experienced restaurant operator ready to run the coffee shop yourself, or an investor seeking turnkey income property, this opportunity fits multiple investment approaches. The diverse unit mix means you're not putting all your eggs in one basket.
The best part? This is truly turnkey. The property's excellent condition means you won't be dealing with major repairs or renovations right away. You can focus on what matters most - growing the business and enjoying the returns.
Queen Village continues to see development and appreciation, supporting your long-term investment goals. This neighborhood's gentrification story is still being written, and you could be part of it.
I'm happy to provide detailed financial documentation and arrange viewings with 24-48 hours notice to respect current tenants. If you're qualified for 1031 exchanges or considering direct investment, let's discuss how this property fits your portfolio goals.
About the Business
Real Estate
- Owned or Leased
- Owned
- Not included in asking price
Listing Info
- ID
- 2448898
- Listing Views
- 391
Business Location
Listing ID: 2448898 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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