Seller Financing
Address
2154 Bridge Street, Philadelphia, PA
Price
$ 4,850,000
Property Attributes
- MLS#PAPH2186434
- TypeCommercial
- CountyPHILADELPHIA
- CityPhiladelphia
- Area19124
- Zip19124
- StyleBanquet Facility/Lodge,Restaurant/Bar
- Year Built1920
- Taxes$ 15665
- Price$ 4,850,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage15235
- Lot Size0.51 Acres
Data Source:
Bright MLS
Property Description
Rare opportunity to own a spectacular 600 + seat restaurant / nightclub. Purchase price includes liquor license, all restaurant furniture, fixtures and equipment. Conveniently located at the Bridge St exit of the route 95 expressway and only 10 minutes away from downtown Philly, this 15, 213 sq.ft. commercial property is one of the Philadelphia's most luxurious restaurant / bars. The Chateau was a long standing business, which started 57 years ago and has been a family run organization since. Throughout the middle of the 19th century, the building served as the Erie social club- bringing acts such as The Rat Pack and Tony Bennet to Philadelphia audiences. It then became Cozy Morely's Erie Social before becoming the Chateau as people have known it over the years. Its new owners have upgraded the building and coined it 'The Billionaire Club'. There are two ballrooms / dining rooms, each elegantly draped and complete with a dining area, a buffet area, and dance floor. The building also has 2 on premise, equipped commercial kitchen areas, allowing for a variety of different business opportunities for potential buyers. The main entrance off Tulip St. leads to a hostess stand and cocktail lounge with full bar. The dining hall boasts some of the city's most unique furniture and wall art - all custom designed by the current owner. The DJ booth and dance floor provide for an evening cocktail lounge / dance club setting. There is access to a service area here as well for staff to communicate with the kitchen and a bus area for dishware. In this area you will also find the centrally located and beautifully designed bathrooms. Behind the service area is a full commercially equipped kitchen with staff access to both the dining area and ballroom. Continuing through the cocktail lounge, you will find the ballroom with stage. The ballroom is in the process of renovation including imported, European white tile floors (large slab), raising the ceiling, and 3 new Commercial HVAC units. Behind the main stage is the entertainment equipment control room. There is also a large storage room here for laundry, dry storage, and liquor. The second entrance off the small side parking lot at the corner of Bridge and Tulip leads to the business offices to the right. Above the office area, there is a staircase leading to a 1 bedroom/1 bath living area complete with living room/kitchen area and an office. On the opposite side of the building and upstairs, you will find a private lounge for your exclusive VIP guests complete with full bar area. There are 2 available parking lots, one at either side of the building, and an additional lot included at 2166-68 Granite which is 3360 sqft. This property has fantastic potential for its next owner. Be sure to contact today for more information! Additional information on upgrades is located in the attachments to the listing.
| Price History | |
|---|---|
| 12/20/2022 | Listed $4,850,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air |
| Cooling | Central A/C |
| Possession | Immediate,Negotiable |
| Zoning | CMX2 |
| Security Features | Fire Detection System,Exterior Cameras,Electric Alarm,Main Entrance Lock,Monitored,Motion Detectors,Security System,Smoke Detector,Sprinkler System - Indoor,Surveillance Sys |
| Construction Materials | Masonry |
| Year Built | 1920 |
| Electric | 200+ Amp Service |
| Property SubType | Retail |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Natural Gas |
| Business Type | Banquet Facility/Lodge,Restaurant/Bar |
| Building Name | CHATEAU |
| Accessibility | Grab Bars Mod,Level Entry - Main,Low Pile Carpeting |
| County | PHILADELPHIA |
| New Construction | No |
| Property Type | Commercial Sale |
| Possible Use | Bar/Tavern/Lounge,Beer/Wine/Liquor,Commercial,Distribution,Flex Space,Food & Beverage,Food Market,Industrial,Investment,Mixed Use,Office,Professional Service,Recreational,Restaurant,Retail |
| Water Access Y/N | No |
| Property Use | Owner User |
| Status | ACTIVE |
| Directions | Cross street of Aramingo Ave and Bridge St,lot entrance on Tulip. |
| ModificationTimestamp | 2024-01-08T18:13:00 |
| City | PHILADELPHIA |
| Buyer Agent Compensation | 2.5 |
| MLS Area | 19124 (19124) |
| Lot Size Square Feet | 22215.00 |
| Tax Assessed Value | 1119100.0 |
| Waterfront Y/N | No |
| Street Name | BRIDGE |
| Tax Annual Amount | 15665.0 |
| Property Condition | Excellent,Very Good |
| Price Per Sq Ft | 316.44 |
| Acceptable Financing | Cash,Conventional,Seller Financing |
| Lease Considered Y/N | Yes |
| Vacation Rental Y/N | No |
| Virtual Tour | https://alcovevideo.com/5121-tulip-st |
| Days on Market | 498 |
| Location Type | Free Standing |
| Standard Status | Active |
| Year Built Source | Assessor |
| Tax Lot | 45 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Flooring | Carpet,Ceramic Tile |
| Hot Water | Electric |
| Heating Y/N | Yes |
| Street Suffix | STREET |
| Central Air Y/N | Yes |
Exterior Features
| Parking Features | Private,Paved Parking |
|---|---|
| Lot Features | Additional Lot(s),Corner,Level,Road Frontage |
| Water Source | Public |
| Inclusions | All kitchen and restaurant equipment,lot at 2166-68 Granite (3360 sq. ft lot),all inventory in building,Liquor license |
| Total Parking Spaces | 40 |
| Type of Parking | Parking Lot,Driveway |
| Land Use Code | JC1 |
| Water View Y/N | No |
| Building Area Total | 15327.00 |
| Lot Dimensions | 93.00 x 129.00 |
| Lot Size Acres | 0.51 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Door Features | Double Entry |
| Land Assessed Value | 223812.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
| Car Parking Spaces | 40 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 19124
Price
Taxes
Visits
Year Built
Walkscore
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