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Key Details
Sold Price $500,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 2,675 sqft
Price per Sqft $186
Subdivision Francisville
MLS Listing ID 1008211086
Sold Date 03/22/19
HOA Y/N N
Originating Board TREND
Year Built 1923
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 box. 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 and trade fixtures are included with sale. The business goodwill is not represented but is included. Pa liquor license available from previous business owner for additional fee. . 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
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Flooring Tile/Brick, Wood, Carpet, Vinyl
Fireplace N
Heat Source Natural Gas
Exterior
Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available, Cable TV Available, Under Ground, Above Ground
Water Access N
Roof Type Flat
Accessibility None
Garage N
Building
Building Description Other, Private Restrooms
Foundation Stone
Sewer Public Sewer
Water Public
Structure Type Other
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871601692
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional, Other
Listing Terms Conventional, Other
Financing Conventional,Other
Special Listing Condition Standard
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