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Key Details
Sold Price $500,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,850 sqft
Price per Sqft $129
Subdivision Francisville
MLS Listing ID 1008204668
Sold Date 03/22/19
Style Other
HOA Y/N N
Abv Grd Liv Area 2,600
Originating Board TREND
Year Built 1943
Annual Tax Amount $4,127
Tax Year 2018
Lot Size 1,375 Sqft
Acres 0.03
Lot Dimensions 53X52
Property Description
Unique peninsula/corner mixed use restaurant/retail property with two apartments. Strategically located on a 5 street intersection, you can not plant a better retail flag in the heart of Francisville! Actual address is 1839-43 Poplar Street a.k.a Gin and Pop Grill/Bar. This 38 seat restaurant/bar was thoroughly renovated 2016-2017 with top of the line trade fixtures and equipment. Outside seating area can accomdate 45+ seats (see plan in documents), inside is approved for live entertainment. Main level features approximately 1200 square feet and was currently occupied by restaurant furnished with 2 bathrooms (one ADA compliant), multiple entries and a kitchen area. Basement provides ample storage for commercial use, all newer mechanicals and a walk in refrigerator boz. 2nd floor features 2 apartments. One Studio with a small deck and a large 1 bed 1 bath apartment. Both units have been recently renovated to include updated kitchen, bathrooms, plumbing and electric, studio apartment could use a quick refreshing to get top dollar. Neighborhood is well established and is still exploding with growth! CMX-2 Zoning provides possible right to build additional floors or add roof decks to property. Note this is an asset sale only Real Estate & FFE PA liquor license is available from previous restaurant for extra fee will be sold separately. This is a super location and a grand opportunity for an owner operator or absentee investor who is looking for additional passive rental income.
Location
State PA
County Philadelphia
Area 19130 (19130)
Zoning CMX-2
Rooms
Other Rooms Primary Bedroom
Basement Full, Unfinished
Interior
Interior Features Ceiling Fan(s), Store/Office
Hot Water Natural Gas
Heating Hot Water, Forced Air
Cooling Central A/C, Wall Unit, None
Flooring Wood, Fully Carpeted, Tile/Brick
Fireplace N
Window Features Energy Efficient,Replacement
Heat Source Natural Gas, Electric
Laundry Washer In Unit, Dryer In Unit, None
Exterior
Utilities Available Cable TV Available
Water Access N
Roof Type Flat
Accessibility Mobility Improvements
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871601692
Ownership Fee Simple
SqFt Source Assessor
Security Features Security System
Acceptable Financing Conventional, VA, FHA 203(k), FHA 203(b)
Listing Terms Conventional, VA, FHA 203(k), FHA 203(b)
Financing Conventional,VA,FHA 203(k),FHA 203(b)
Special Listing Condition Standard
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