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 $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
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