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Key Details
Sold Price $1,800,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 3,480 sqft
Price per Sqft $517
Subdivision Fairmount
MLS Listing ID PAPH2014122
Sold Date 03/03/22
HOA Y/N N
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $7,874
Tax Year 2021
Lot Size 3,465 Sqft
Acres 0.08
Lot Dimensions 60.00 x 28.50
Property Description
This unique property has great location which creates a tremendous opportunity for business owners, developers, and/or investors all alike! Prominently standing tall at the high traffic intersection of Broad Street & Ridge Avenue deep in the business district of Center City, Philadelphia, this currently displayed food establishment offers a chance to continue running as is or have a meeting of the minds to develop further. Already well known from all the local resident and college student, this commercially zoned development will sell itself. Foot traffic is welcomed into the glass door enclosed foyer with walk up counter space with menu display and sliding windows for concierge as well as front facing garage doors if needed for additional entrances. Off the foyer is another enclosed space for dining and gathering! Enter the main floor level to a generously sized kitchen with traditional equipment as seen throughout a restaurant and/or grill, including but not limited to a huge walk-in freezer, several grills, fryers, cabinet spaces, and countertops. A half bathroom is also located on this landing. Venture upstairs to come across several meetings rooms, office space, and a full bathroom with shower/tub and vanity. Off Ridge Avenue is designated parking for up to several vehicles. This property is surrounded by constant new development and construction! The Broad Street corridor offers investors and business professionals a consistent visual of their project as this avenue hosts TONS of traffic day in and day out! Take advantage of potential cash flow, all around location, and the opportunity to keep as is or create the intersection of Broad Street & Ridge Avenue directly across from the divine Lorraine!!
Notables:
1.
Location
State PA
County Philadelphia
Area 19123 (19123)
Zoning CMX4
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C, Other, Ductless/Mini-Split
Heat Source Natural Gas
Exterior
Garage Spaces 6.0
Utilities Available Cable TV, Electric Available, Multiple Phone Lines, Natural Gas Available, Phone, Under Ground, Water Available, Other
Water Access N
View City
Accessibility No Stairs
Total Parking Spaces 6
Garage N
Building
Lot Description Corner
Foundation Block, Brick/Mortar
Sewer No Septic System
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 882009370
Ownership Fee Simple
SqFt Source Assessor
Security Features 24 hour security,Carbon Monoxide Detector(s),Electric Alarm,Exterior Cameras,Fire Detection System,Security System,Smoke Detector
Special Listing Condition Standard
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Bought with Abigail Trimborn • Long & Foster Real Estate, Inc.