Homes for sale - 5300-2 MARKET ST, Philadelphia, PA 19139

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Matt Marino

[email protected] +1(215) 896-2171

$ 1,150,000

Est. payment -/mo

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5300-2 MARKET ST Philadelphia, PA 19139

5,964 SqFt

UPDATED:

11/04/2024 04:21 PM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 5,964 sqft

Price per Sqft $192

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’large bar in business for over 20 years in a CMX-2 zone, with a bar-restaurant license including take out service. This area of Philly has seen new growth with construction going up in every direction and a variety of new businesses. Two floors plus complete basement, with occupancy allowances of 285 patrons on the first floor and 224 on the second floor. That is a total of 509 people. One of the largest capacities in this area. The building has two floors with a full basement on a corner, one block from the 52nd street El entrance. The second floor has multiple entries to the street level. Past use was a lounge/ bar on the second floor and current use is a local pub with restaurant on the first floor. Modern kitchen with huge exhaust system and all electric cooking appliances. POTENTIAL: 1) expand the first-floor pub to include higher end restaurant. 2) Use the second floor as a unique lounge. 3) Add height to the building for five stories and use it for residential unit income. 4) Catering hall for weddings, banquets and meetings. 5) Owner willing to sell off the property without the liquor license. 6) Tear down and new build, using CMX-2 to build on the entire footprint. Keep in mind the proximity of an entry to the El means connections to the world! Center city, suburbs, 30th street station connecting you to the Boston-Washington corridor. Only ONE BLOCK away! Buyers need to do their own due diligence for any future development plans and the statements here are suggestions only without 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

Heat Source Electric

Exterior

Waterfront N

Water Access N

Accessibility None

Road Frontage State

Parking Type None

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

Listed by Nathan S Naness • KW Empower

Matt Marino

+1(215) 896-2171

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