Views
Address
246 Market Street, Philadelphia, PA
Price
$ 1,250,000
Property Attributes
- MLS#PAPH2287116
- TypeCommercial
- CountyPHILADELPHIA
- CityPhiladelphia
- Area19106
- NeighborhoodOld City
- Zip19106
- StyleRestaurant/Bar
- Year Built1900
- Taxes$ 11919
- Price$ 1,250,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage6300
- Lot Size2,178 SqFt
Data Source:
Bright MLS
Property Description
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 Walkers Paradise, with daily errands easily accomplished without a car. The Transit Score of 100 ensures it's a Riders 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.
| Price History | |
|---|---|
| 10/11/2023 | Listed $1,500,000 |
| 1/12/2024 | 17% - $1,250,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Heat Pump(s) |
| Cooling | Central A/C |
| Possession | Immediate |
| Zoning | CMX3 |
| Security Features | Carbon Monoxide Detector(s),Smoke Detector,Sprinkler System - Indoor,Fire Detection System,Main Entrance Lock |
| Construction Materials | Masonry |
| Year Built | 1900 |
| View | City,Street,Scenic Vista |
| Property SubType | Services |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Natural Gas |
| Business Type | Restaurant/Bar |
| Accessibility | None |
| County | PHILADELPHIA |
| New Construction | No |
| Property Type | Commercial Sale |
| Subdivision Name | OLD CITY |
| Possible Use | Bar/Tavern/Lounge,Beer/Wine/Liquor,Food & Beverage,Mixed Use,Restaurant |
| Water Access Y/N | No |
| Transportation | Airport less than 10 miles,Bus Stop less than 1 mile,Commuter Rail Station less than 1 mile |
| Status | ACTIVE |
| Directions | Coming from the south side of S 3rd St go straight and turn right to Market St. The property will be on the right,right after Citizens Bank. |
| ModificationTimestamp | 2024-05-18T14:55:58 |
| City | PHILADELPHIA |
| Buyer Agent Compensation | 3 |
| Total Units | 1 |
| MLS Area | 19106 (19106) |
| Lot Size Square Feet | 2178.00 |
| Tax Assessed Value | 851500.0 |
| Waterfront Y/N | No |
| Street Name | MARKET |
| Tax Annual Amount | 11919.0 |
| Property Condition | Very Good |
| Price Per Sq Ft Total | 198.41 |
| Acceptable Financing | Cash,Conventional,Other |
| Historic Y/N | No |
| Lease Considered Y/N | No |
| Vacation Rental Y/N | No |
| Virtual Tour | https://view.ricoh360.com/85d79731-0402-42d6-92b9-bb19dee9738e |
| Days on Market | 221 |
| Location Type | Urban |
| Standard Status | Active |
| Year Built Source | Assessor |
| Tax Lot | 11 |
| Buyer Agent Compensation Type | % Of Gross |
| Association Recreation Fee | No |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Hot Water | Multi-tank |
| Heating Y/N | Yes |
| Street Suffix | STREET |
| Central Air Y/N | Yes |
| Total Restrooms | 5 |
Exterior Features
| Water Source | Public |
|---|---|
| Type of Parking | On Street |
| Land Use Code | IB0 |
| Water View Y/N | No |
| Building Area Total | 6300.00 |
| Lot Dimensions | 22.00 x 100.00 |
| Lot Size Acres | 0.05 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 170291.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| Fencing Y/N | No |
| LotDimensionsSource | Assessor |
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 19106
Price
Taxes
Visits
Year Built
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