Phenomenal opportunity to own a neighborhood landmark in one of Philly's best locations. Investors or owner operators alike will recognize the rare chance to take possession of a building that represents a generational asset. The ground floor bar restaurant was gut renovated from the basement up to the main floor about 16 years ago and is virtually turnkey. It offers a full kitchen, sit down and bar service, outdoor seating and small bandstand. It is currently vacant with a square footage of 3074 sf (including the full basement). . The buyer will be responsible for purchasing their own liquor license. The four 1 bedroom apartments are rarely vacant so contribute a reliable and predictable income stream to the investment or the owner/operator of the bar restaurant. The current owner offers 2 free laundry rooms to the residential tenants so additional revenue is possible if a new owner chooses to install coin operated units. There is also substantial upside with the residential rents. With cosmetic improvements to the apartments the rents could go as high as $1900 a month. Make your appointment today. You will not be disappointed.
Sold for $1,400,000
Zillow last checked:
Listing updated:
Bought with:
John Nolano, 2294275
Keller Williams Philadelphia
Source: Bright MLS,MLS#: PAPH2232828
Price history
| Date | Event | Price |
|---|---|---|
| 4/10/2024 | Sold | $1,400,000-6.7%$252/sqft |
Source:  Bright MLS #PAPH2232828 Report a problem | ||
| 11/27/2023 | Contingent | $1,500,000$270/sqft |
Source: Bright MLS #PAPH2232828 Report a problem | ||
| 9/5/2023 | Price change | $1,500,000-16.7%$270/sqft |
Source: Bright MLS #PAPH2232828 Report a problem | ||
| 8/17/2023 | Price change | $1,800,000-18.2%$324/sqft |
Source: Bright MLS #PAPH2232828 Report a problem | ||
| 6/15/2023 | Price change | $2,200,000+12.8%$396/sqft |
Source: Bright MLS #PAPH2232828 Report a problem | ||
| 5/31/2023 | Price change | $1,950,000-11.4%$351/sqft |
Source: Bright MLS #PAPH2232828 Report a problem | ||
| 5/6/2023 | Listed for sale | $2,200,000+120%$396/sqft |
Source: Bright MLS #PAPH2232828 Report a problem | ||
| 4/2/2007 | Sold | $1,000,000$180/sqft |
Source: Public Record Report a problem | ||
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Estimated market value
$1,504,400
