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$1,700,000
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Property Description
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 SEPERATLY OR AS PACKAGE
Full Property Details
Full Property Details for 7312 Castor Ave
General
- Price: $1,700,000
- Taxes: $16,542 (2024)
- Status: Active
- Type: Commercial Service
- Source: BrightMLSPhilly
- MLS ID: PAPH2630316
- Updated: 6/4/2026
- Added to Site: 9 day(s) ago
Business
- Business Type: Restaurant/Bar
Parking
- Total Spaces: 20
- Parking Type: Parking Lot
Location
- Area: 19152 (19152)
- Municipality: PHILADELPHIA
- County: PHILADELPHIA
- Subdivision: RHAWNHURST
- Cross Streets: Cottman ave
- Driving Directions: GPS
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Other
- Heating Type: 90% Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Masonry
- Stories/Levels: 3
- Building Size: 10672
- Year Built: 1950
- Year Built Source: Estimated
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.09
- Lot Size (Sq. Ft.): 3,869
- Lot Size Source: Estimated
- Lot Dimensions: 75.00 x 115.00
- Zoning: CMX2
Financial Considerations
- Price Per Sq. Ft.: $159.3
- Assessment Year: 2024
- School Tax: $9,264
- City/TownTax: $7,278
- City/TownTax Freq: Annually
- Tax w/Assessment: $1,181,800
- Tax Amount: $16,542
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Exclusions: All tenant's business fixtures
- Investment: Yes
- Lot Number: 101
Listed by Re/Max 2000, Carlos Cesar
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Schools
Schools serving 7312 Castor Ave
School District:Philadelphia City School District
| Name | Grades | Distance |
|---|---|---|
Rhawnhurst School 7809 Castor Avenue, Philadelphia, PA 19152 | K-5 | 0.6 mi |
Castor Gardens Middle School 1800 Cottman Avenue, Philadelphia, PA 19111 | 6-8 | 0.2 mi |
Northeast High School 1601 Cottman Avenue, Philadelphia, PA 19111 | 9-12 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7312 Castor Ave
Date
Details
Price
Change
Source
6/04/2026
Listed
$1,700,000
-35.85%
MLS
5/31/2023
Sold
$2,650,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 7312 Castor Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$17,040
—
$1,217,300
—
2024
$17,040
3%
$1,217,300
3%
2023
$16,543
—
$1,181,800
—
2022
$16,543
9%
$1,181,800
100%
2021
$15,139
—
-100%
2020
$15,139
—
$1,081,500
—
2019
$15,139
—
$1,081,500
—
2018
$15,139
9%
$1,081,500
9%
2017
$13,833
—
$988,200
—
2016
$13,833
4%
$988,200
—
2015
$13,242
—
$988,200
—
2014
$13,242
-20%
$988,200
486%
2013
$16,468
—
$168,544
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 7312 Castor Ave
7312 Castor Avenue, Philadelphia, PA 19152 (MLS# PAPH2630316) is a Commercial Service property. 7312 Castor Avenue is currently listed for $1,700,000 and was received on June 04, 2026. Want to learn more about 7312 Castor Avenue? Do you have questions about finding other Commercial Service real estate for sale in Center City East? You can browse all Center City East real estate or contact a Coldwell Banker agent to request more information.

