Schedule a Showing
Share
Print
|
West Philadelphia Opportunity Zone: 35' X 83' Corner, commercial building (CMX-2) two story building and full basement, built on the entire lot line in West Philly with construction going up in every direction and a variety of new businesses, one block from the 52nd street El entrance. The second floor has multiple entries to the street level. The price is for the property and equipment, not the liquor license. The current use is a bar and restaurant. Past use of the second floor was a boutique lounge, having multiple entrances to the street level. The owner is willing to sell with the liquor license at an additional cost. The occupancy as a bar/restaurant is 285 patrons on the 1st floor, 224 on the 2nd for a total of 509 people. One of the largest capacities in this area. The bar has been in business for 20 years including a license for takeout service. Modern kitchen with huge exhaust system and all electric cooking appliances is included in the property sale. POTENTIAL IF PURCHASING THE LIQUOR LICENSE: 1) expand the first-floor pub to include more seating and unique cuisine restaurant. 2) Use the second floor as a specialty lounge. 3) Rent as catering hall for weddings, banquets and meetings. POTENTIALS WITHOUT THE LIQUOR LICENSE: 1) Add height to the building for five stories and use it for residential unit income. 2) Tear down and new build, using CMX-2 to build on the entire footprint. Please note, Buyers need to do their own due diligence for any future development plans and the statements here are only suggestions only verification of the potential uses.
Property Type(s):
Commercial
| Last Updated | 12/8/2024 | Tract | WEST PHILADELPHIA |
|---|---|---|---|
| Year Built | 1925 | Community | 19139 (19139) |
| County | PHILADELPHIA |
Price History
| Prior to Dec 8, '24 | $1,150,000 |
|---|---|
| Dec 8, '24 - Today | $990,000 |
Additional Details
| APPLIANCES | Electric Water Heater |
|---|---|
| AREA | 19139 (19139) |
| CONSTRUCTION | Frame |
| HEAT | Electric |
| LOT | 3049 sq ft |
| LOT DIMENSIONS | 35.00 x 83.00 |
| SEWER | Public Sewer |
| SUBDIVISION | WEST PHILADELPHIA |
| TAXES | 5194 |
| WATER | Public |
Location
Listing provided by KW Empower
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Keller Williams participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Keller Williams are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
2025 BRIGHT, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.
Data last updated: 1/10/25 6:50 AM PST
This IDX solution is (c) Diverse Solutions 2025.
Twitter
Facebook
Email