5300-2 MARKET ST Active Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19139
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 5,964 sqft
Price per Sqft $165
Subdivision West Philadelphia
MLS Listing ID PAPH2400822
Originating Board BRIGHT
Year Built 1925
Annual Tax Amount $5,194
Tax Year 2024
Lot Size 2,921 Sqft
Acres 0.07
Lot Dimensions 35.00 x 83.00
Property Description
West Philadelphia Opportunity Zone: 35' X 83' Corner, commercial building (CMX-2) two story building and full basement, built on the entire lot line in West Philly with construction going up in every direction and a variety of new businesses, one block from the 52nd street El entrance. The second floor has multiple entries to the street level. The price is for the property and equipment, not the liquor license. The current use is a bar and restaurant. Past use of the second floor was a boutique lounge, having multiple entrances to the street level. The owner is willing to sell with the liquor license at an additional cost. The occupancy as a bar/restaurant is 285 patrons on the 1st floor, 224 on the 2nd for a total of 509 people. One of the largest capacities in this area. The bar has been in business for 20 years including a license for takeout service. Modern kitchen with huge exhaust system and all electric cooking appliances is included in the property sale. POTENTIAL IF PURCHASING THE LIQUOR LICENSE: 1) expand the first-floor pub to include more seating and unique cuisine restaurant. 2) Use the second floor as a specialty lounge. 3) Rent as catering hall for weddings, banquets and meetings. POTENTIALS WITHOUT THE LIQUOR LICENSE: 1) Add height to the building for five stories and use it for residential unit income. 2) Tear down and new build, using CMX-2 to build on the entire footprint. Please note, Buyers need to do their own due diligence for any future development plans and the statements here are only suggestions only verification of the potential uses.
Location
State PA
County Philadelphia
Area 19139 (19139)
Zoning CMX2
Interior
Hot Water Electric
Heating Other
Cooling Ductless/Mini-Split
Flooring Ceramic Tile,Laminated,Hardwood
Inclusions Kitchen Equipment, Bars and seating.
Heat Source Electric
Exterior
Water Access N
Accessibility None
Road Frontage City/County
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 882573005
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional
Special Listing Condition Standard