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116-20 S 23RD Street

PHILADELPHIA, PA 19103
  • $6,000,000
  • STATUS: Active
  • ON SITE: 87 Days
  • ID#: PAPH2314238
$6,000,000
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1900
County:

School Ratings & Info

School District:

Description

Introducing an exceptional commercial property nestled in the vibrant heart of Fitler Square! This prime establishment currently operates as a well-established bar and restaurant, offering a unique opportunity for entrepreneurs and investors alike. Boasting a coveted CMX-4 zoning, transferable liquor License and a prime corner lot, this property opens doors to a diverse range of possibilities.Location: Situated in the trendy Fitler Square neighborhood, the property enjoys high foot traffic and proximity to various amenities, making it an ideal spot for businesses seeking visibility and accessibility.Usage: Currently operating as a successful bar and restaurant, the space is versatile and can accommodate various business concepts, from upscale dining to trendy nightlife experiences. The current owner is also open to moving back in as a tenant. Zoning: The property is zoned CMX-4, providing flexibility for a wide array of commercial uses. This zoning classification allows for mixed-use development, making it an attractive option for those looking to explore residential and/ or retail opportunities. The end use will determine the max height that someone could build.Liquor License: A significant advantage is the inclusion of a transferable liquor license, simplifying the process for businesses in the food and beverage industry. This valuable asset adds an extra layer of appeal for entrepreneurs looking to capitalize on the thriving hospitality scene.Spacious Interior: The property boasts a generously sized interior, providing ample space for creative layout designs and optimal utilization. The first floor bar / Restaurant consists of 2,948 sq ft. The second and third floors consist of 2 apartments. Apartment 1: 2 beds, 2 baths, 2,004 sq ft and is owner occupied but has the rental potential of around $3000/ month. Apartment 2 : 2 beds, 2 baths 1,233 sq ft. It is currently vacant and a white box, but could have a rental potential of $2500/ month.Outdoor Seating Potential: Explore the option to incorporate outdoor seating, creating an inviting atmosphere for patrons to enjoy al fresco dining or drinks.Established Clientele: Benefit from an existing customer base, thanks to the property's current operation as a popular bar and restaurant. Seller is open to becoming a tenant and still operating the bar/ Restaurant. Seize the opportunity to own this prime commercial property in Fitler Square, where the dynamic blend of location, zoning, and a transferable liquor license sets the stage for success. Whether you're a seasoned restaurateur, an aspiring entrepreneur, or an investor with a keen eye for prime real estate, this property promises a gateway to a thriving business venture. Act now and be part of the flourishing commercial landscape in one of Philadelphia's most sought-after neighborhoods!

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Lisa Mathena Group. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-04-21T02:16:38.367.
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116-20 S 23RD Street PHILADELPHIA, PA 19103

  • Price: $6,000,000
  • Status: Active
  • On Site: 87 Days
  • ID#: PAPH2314238
0
Beds
0
Baths
0
½ Baths
0.06
Acres
1900
Built
Neighborhood:
19103 (19103)
County:
Philadelphia
Area:
19103 (19103)
School District:
Philadelphia City
Property Description
Introducing an exceptional commercial property nestled in the vibrant heart of Fitler Square! This prime establishment currently operates as a well-established bar and restaurant, offering a unique opportunity for entrepreneurs and investors alike. Boasting a coveted CMX-4 zoning, transferable liquor License and a prime corner lot, this property opens doors to a diverse range of possibilities.Location: Situated in the trendy Fitler Square neighborhood, the property enjoys high foot traffic and proximity to various amenities, making it an ideal spot for businesses seeking visibility and accessibility.Usage: Currently operating as a successful bar and restaurant, the space is versatile and can accommodate various business concepts, from upscale dining to trendy nightlife experiences. The current owner is also open to moving back in as a tenant. Zoning: The property is zoned CMX-4, providing flexibility for a wide array of commercial uses. This zoning classification allows for mixed-use development, making it an attractive option for those looking to explore residential and/ or retail opportunities. The end use will determine the max height that someone could build.Liquor License: A significant advantage is the inclusion of a transferable liquor license, simplifying the process for businesses in the food and beverage industry. This valuable asset adds an extra layer of appeal for entrepreneurs looking to capitalize on the thriving hospitality scene.Spacious Interior: The property boasts a generously sized interior, providing ample space for creative layout designs and optimal utilization. The first floor bar / Restaurant consists of 2,948 sq ft. The second and third floors consist of 2 apartments. Apartment 1: 2 beds, 2 baths, 2,004 sq ft and is owner occupied but has the rental potential of around $3000/ month. Apartment 2 : 2 beds, 2 baths 1,233 sq ft. It is currently vacant and a white box, but could have a rental potential of $2500/ month.Outdoor Seating Potential: Explore the option to incorporate outdoor seating, creating an inviting atmosphere for patrons to enjoy al fresco dining or drinks.Established Clientele: Benefit from an existing customer base, thanks to the property's current operation as a popular bar and restaurant. Seller is open to becoming a tenant and still operating the bar/ Restaurant. Seize the opportunity to own this prime commercial property in Fitler Square, where the dynamic blend of location, zoning, and a transferable liquor license sets the stage for success. Whether you're a seasoned restaurateur, an aspiring entrepreneur, or an investor with a keen eye for prime real estate, this property promises a gateway to a thriving business venture. Act now and be part of the flourishing commercial landscape in one of Philadelphia's most sought-after neighborhoods!
Exterior Features

Construction Materials Masonry Garage YN No Parking Types None Property Condition Very Good Roof FlatRubber Water Access YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 6185.00 Cooling Heat Pump(s) Exclusions Armoire in the primary Bedroom of the apartment above the bar. Fireplace mantle and tile in the living room of the apartment above the bar. Flooring Hardwood Heating Forced AirRadiator Heating YN Yes Inclusions All of the Kitchen/ Bar equipmentLiquor LicenseBar/ Restaurant furniture Net Square Feet 6185.00

Property Features

Acceptable Financing ConventionalCash Accessibility Features Doors - Lever Handle(s) Central Air YN No Cooling Fuel Electric Heating Fuel Natural Gas Hot Water Natural Gas Municipality PHILADELPHIA Navigable Water YN N New Construction YN No Original MLSNumber 802824050356 Ownership Interest Fee Simple Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 12621.00 Tax Lot 166 Vacation Rental YN No Water Source Public Zoning CMX4

Listing courtesy of Coldwell Banker Realty: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Lisa Mathena Group. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-04-21T02:16:38.367.
 
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