Address
5300 Market Street, Philadelphia, PA
Price
$ 1,200,000
Property Attributes
- MLS#PAPH2344966
- TypeCommercial
- CountyPHILADELPHIA
- CityPhiladelphia
- Area19139
- NeighborhoodWest Philadelphia
- Zip19139
- StyleRestaurant/Bar
- Year Built1925
- Taxes$ 5194
- Price$ 1,200,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage5964
- Lot Size3,049 SqFt
Data Source:
Bright MLS
Property 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!
| Price History | |
|---|---|
| 4/19/2024 | Listed $1,200,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Other |
| Cooling | Ductless/Mini-Split |
| Possession | Immediate |
| Zoning | CMX2 |
| Construction Materials | Masonry |
| Year Built | 1925 |
| Property SubType | Services |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Business Type | Restaurant/Bar |
| Accessibility | None |
| County | PHILADELPHIA |
| New Construction | No |
| Property Type | Commercial Sale |
| Subdivision Name | WEST PHILADELPHIA |
| Water Access Y/N | No |
| Status | ACTIVE |
| Directions | From Lancaster Ave turn onto 54th St and then left onto Market St |
| ModificationTimestamp | 2024-04-19T16:57:13 |
| City | PHILADELPHIA |
| Buyer Agent Compensation | 2.5 |
| MLS Area | 19139 (19139) |
| Lot Size Square Feet | 2921.00 |
| Tax Assessed Value | 371100.0 |
| Waterfront Y/N | No |
| Street Name | MARKET |
| Tax Annual Amount | 5194.0 |
| Price Per Sq Ft | 201.21 |
| Acceptable Financing | Cash,Conventional |
| Vacation Rental Y/N | No |
| Days on Market | 12 |
| Standard Status | Active |
| Year Built Source | Assessor |
| Tax Lot | 265 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Electric |
|---|---|
| Hot Water | Electric |
| Heating Y/N | Yes |
| Street Suffix | STREET |
| Central Air Y/N | No |
Exterior Features
| Water Source | Public |
|---|---|
| Type of Parking | None |
| Land Use Code | ID0 |
| Water View Y/N | No |
| Building Area Total | 5964.00 |
| Lot Dimensions | 35.00 x 83.00 |
| Lot Size Acres | 0.07 |
| Lot Size Units | Square Feet |
| Lot Size Source | Estimated |
| Road Responsibility | State |
| Navigable Water Y/N | No |
| Water Oriented 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 19139
Price
Taxes
Visits
Year Built
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