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RARE OPPORTUNITY to own a magnificent architectural masterpiece prominently situated on the main street right in the heart of the Old City neighborhood. Perfect turn-key opportunity for any restaurateur who is looking to open up a restaurant in a location with tons of foot traffic in a high-density area. Its facade generously ushers in an abundance of natural light, creating a warmly inviting atmosphere on both the first and second floors. Currently configured as a bar/restaurant with approximately 6,300 square feet (4,300 on the first floor), it features a thoughtfully designed and spacious dining room and kitchen on the first floor. The entire restaurant can fit approximately 100+ people depending on the table configuration. The full basement is dedicated to serving as a prep kitchen and includes a walk-in commercial refrigerator and freezer. Each floor houses a dining room and a bar, with additional lounge seating on the second floor. There are a total of 5 bathrooms (2 on the first floor, 2 on the second floor, and 1 in the basement), and the sale includes all equipment. This unique property is ideal for an owner-occupant seeking a remarkable location. Nestled in the Old City neighborhood of Philadelphia, this property enjoys convenient access to public transportation via the MFL Frankford Transportation Center to 69th St Transportation Center at the 2nd St Station - MFL stop. Boasting a Walk Score of 100, this location is a Walker's Paradise, with daily errands easily accomplished without a car. The Transit Score of 100 ensures it's a Rider's Paradise, with world-class public transportation at your doorstep. The Bike Score of 84 means it's Very Bikeable, making biking a convenient mode of transportation for most trips. Furthermore, the property is conveniently located near a variety of essential services, including CVS Pharmacy, the US Post Office, Joy Cleaners, Cut It Out Hair Salon, Dave's Barber Shop & Salon, 3rd St Hardware Ace, and many more. Come take a look at this prime location before the opportunity is no longer available.
| DAYS ON MARKET | 221 | LAST UPDATED | 1/12/2024 |
|---|---|---|---|
| TRACT | OLD CITY | YEAR BUILT | 1900 |
| COMMUNITY | 19106 (19106) | COUNTY | PHILADELPHIA |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Jan 12, '24 | $1,500,000 |
|---|---|
| Jan 12, '24 - Today | $1,250,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 19106 (19106) |
| BUYER'S BROKERAGE COMPENSATION | 3 |
| HEAT | Natural Gas |
| LOT | 2178 sq ft |
| LOT DIMENSIONS | 22.00 x 100.00 |
| PARKING | On Street |
| SEWER | Public Sewer |
| SUBDIVISION | OLD CITY |
| TAXES | 11919 |
| VIEW | Yes |
| VIEW DESCRIPTION | City, Street |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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