$201.21 Per Sq Foot $6,442 est/mo Sourced by Back At You

5300-2 Market St,Philadelphia, PA 19139

Philadelphia PA, 19139

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Description

This is the commercial building that you have been waiting on....!!!!!! Here you have a tremendous opportunity to make something amazing! The font of the building has an established bar that has been in business for years and there is, of course, an opportunity to expand the bar business even more. Attached to the bar there is a great set up that could be easily turned into a major money maker. The kitchen is already in place with added space to add another bar set up or take out. In this specific area you could complete the construction of the table booths and by adding tables in the middle of the floor you are looking at a great sized restaurant that has a separate entrance from the front bar. The 1st floor has a maximum capacity of 285 people per the fire code. If that is not enough for you, there is even more opportunity with this building. The 2nd floor there is the perfect space to create a banquet hall/catering event area or a separate private speakeasy or fine dining establishment. The 2nd floor has a separate door for guests to come and go! Also, on the 2nd floor you the capacity to entertain 224 people which create an amazing opportunity to own a building that can almost hold 500 people at a time. Meaning this building can accommodate large or small gatherings - weddings, corporate events, parties, etc. It has untapped potential for Investors looking to develop the property for many other uses. The seller is also including the liquor license with the sale of the building. This is a great location in a neighborhood flourishing with transportation and development! This 2-story, commercial, mixed-use corner property, located in West Philadelphia, is the perfect investment opportunity for those looking to own a prime piece of real estate in a developing neighborhood. This corner property boasts a prime location and there is more. This commercial building is also approved for 5 levels going upwards. This means that you can tear down the building and build new homes or keep the 1st level and add residential living on top of the bar/restaurant. You will be steps away from neighborhood restaurants, cafes, shops, and public transportation, as well as University City, Center City and the Philadelphia suburbs. Whether you are an investor looking to expand your portfolio or a small business owner searching for the perfect space to call your own, this 2-story property is sure to impress. Don't miss your chance to own a piece of West Philadelphia's thriving real estate market!

Details

MLS#PAPH2344966
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1925
Days On Site86
Listing Provided ByEXP Realty, LLC | Chris Griswold
Buying Commision2.5% Of Gross

Features

SQ Feet5,964
ZoningCMX2
Acreage0.07

Market Activity 19139

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Listings Checked: 16 minutes ago
StatePA
CountyPhiladelphia
CityPhiladelphia
Zip Code19139
Area19139
Community NameWest Philadelphia
School DistrictThe School District Of Philadelp
Listing VS Median (in West Philadelphia)
Price:
$1,200,000
low | high
Med:
$99,900
100% of Average
SqFt:
5,964
low | high
Med:
1,440
100% of Average
$ / SqFt:
$201
low | high
Med:
$69
100% of Average
On Site:
86
low | high
Med:
790
10.886075949367% of Average
Sourced by Back At You
Listing Updated: July 11, 2024 at 1:14:51 AM PDT