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.
For sale
$525,000
4948 Wayne Ave, Philadelphia, PA 19144
4beds
--baths
2,970sqft
Townhouse
Built in 1900
-- sqft lot
$509,400 Zestimate®
$177/sqft
$-- HOA
What's special
Upstairs residential apartment
- 42 days
- 109
- 5
Zillow last checked:
Listing updated:
Listed by:
Suzy Park 267-574-5755,
Canaan Realty Services INC 2153331826,
Co-Listing Agent: Yu J Yang 215-429-3330,
Canaan Realty Services INC
Source: Bright MLS,MLS#: PAPH2649366
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
Basement
- Area: 0
Heating
- None
Cooling
- Window Unit(s), Electric
Appliances
- Included: Gas Water Heater
Features
- Flooring: Other
- Has fireplace: No
Interior area
- Total structure area: 2,970
- Total interior livable area: 2,970 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 1,567 Square Feet
- Dimensions: 18.00 x 87.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 871520050
- Zoning: CMX25
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Townhouse
Materials
- Masonry
- Foundation: Stone
- Roof: Flat
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
Financial & listing details
- Price per square foot: $177/sqft
- Tax assessed value: $162,900
- Annual tax amount: $2,280
- Date on market: 7/17/2026
- Listing agreement: Exclusive Agency
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
Estimated market value
$509,400
$484,000 - $535,000
$2,211/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/17/2026 | Listed for sale | $525,000+1490.9%$177/sqft |
Source: | ||
| 12/8/1986 | Sold | $33,000$11/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,280 +14.5% | $162,900 +14.5% |
| 2024 | $1,992 | $142,300 |
| 2023 | $1,992 -14.8% | $142,300 |
| 2022 | $2,339 | -- |
| 2021 | $2,339 -6.4% | -- |
| 2018 | $2,500 +3.8% | -- |
| 2017 | $2,409 +3% | -- |
| 2016 | $2,339 | -- |
| 2015 | $2,339 | -- |
| 2014 | $2,339 | $174,700 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Germantown Southwest
Nearby schools
Schools provided by the listing agent
- District: Philadelphia City
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.




