4948 Wayne Ave
Listing Notes
Exceptional opportunity to acquire both the real estate and an established food business at 4948 Wayne Avenue. Offered together at a total asking price of $525,000, consisting of $350,000 for the real estate and $175,000 for the business, this mixed-use property features an operating first-floor steak and hoagie restaurant, an upstairs residential apartment, and a basement. The commercial space offers the opportunity to continue the existing food business or introduce a new concept, subject to all applicable zoning, licensing, and governmental approvals. The upstairs apartment has never been occupied or rented by the current owner and is currently vacant, offering flexibility for personal use, employee housing, or potential rental income, subject to applicable approvals. Ideal for an entrepreneur or investor seeking to own both the business and the underlying real estate. The combination of an operating commercial space, residential unit, basement storage, and established neighborhood presence makes this a compelling owner-user or investment opportunity. The real estate and business must be sold together.
Price in context
Cheaper than 17% of the 24 homes listed nearby right now, which run $295,000 to $725,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 5334 Lena St | $295,000 | 3 bd · 2.5 ba |
| 3832 N 18th St | $299,000 | — |
| 1836 W Venango St | $299,900 | — |
| 1620 Lindley Ave | $309,999 | 4 bd · 1 ba |
| 5652 McMahon St | $310,000 | 3 bd · 1.5 ba |
| 5223 Morris St | $325,000 | — |
| 5331 Wayne Ave | $325,000 | — |
| 5337 Wayne Ave | $325,000 | — |
| 407 W Abbottsford Ave | $329,999 | 4 bd · 2.5 ba |
| 540 E Penn St | $330,000 | 7 bd · 4 ba |
| 517 W Midvale Ave | $349,000 | 4 bd · 1.5 ba |
| 5107 N 15th St | $349,000 | 6 bd · 3 ba |
| 5107 N 15th St | $349,000 | 6 bd · 3 ba |
| 3422 N 21st St | $360,000 | — |
| 5110 Greene St | $379,900 | 4 bd · 1.5 ba |
| 5009 Copley Rd | $399,900 | 4 bd · 3 ba |
| 5351 Wissahickon Ave Unit E | $400,000 | 3 bd · 2.5 ba |
| 309 W Earlham Ter | $440,000 | 5 bd · 3 ba |
| 3521 N 21st St | $495,000 | — |
| 1729 W Erie Ave | $495,000 | — |
| 5230 Schuyler St | $550,000 | — |
| 609 E Locust Ave | $650,000 | 4 bd · 3.5 ba |
| 45-51 W Logan St | $700,000 | 25 bd · 7 ba |
| 414 W Price St | $725,000 | 6 bd · 2.5 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more