Listed By:
Realty Mark Associates
Address
1601 N 5Th Street, Philadelphia, PA
Price
$ 1,299,999
Property Attributes
  • MLS#PAPH2332098
  • TypeCommercial
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19122
  • NeighborhoodOlde Kensington
  • Zip19122
  • StyleRestaurant/Bar,Apartment Building
  • Year Built1940
  • Taxes$ 2869
  • Price$ 1,299,999
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3173
  • Lot Size1,307 SqFt
Data Source:
Bright MLS
Property Description

A Rare Opportunity to own your own Bar/Restaurant/Take-Out Business in Booming Olde Kensington! Turn Key operation includes building, business, liquor license, inventory and all equipment/appliances owned by seller! 1st. floor features front and side entrances, updated bar/billiard area with plenty of seating, 2 restrooms, small kitchen prep area, central air/heat, full basement with inside and outside entrances. 2nd floor has 1 studio apt. and 1-one bedroom apartment, 3rd floor is large 1 bedroom apartment, all are in move-in condition with separate inside/outside entrances. Everything is electric with separate meters. The property is well kept and shows well! Qualified buyers/agents with proof of funds should set up their appointment today!

Price History
3/14/2024 Listed $1,299,999

General Features

Sewer Public Sewer
Heating Baseboard - Electric
Cooling Central A/C
Possession Negotiable
Zoning CMX2
Construction Materials Masonry
Exclusions All equipment owned by vendors.
Year Built 1940
Electric 200+ Amp Service
Property SubType Mixed Use
Tax Year 2022
Percent Ownership Fee Simple
Cool Fuel Electric
Business Type Restaurant/Bar,Apartment Building
Accessibility None
County PHILADELPHIA
New Construction No
Property Type Commercial Sale
Subdivision Name OLDE KENSINGTON
Possible Use Apartments,Bar/Tavern/Lounge,Beer/Wine/Liquor,Food & Beverage,Multi-Family,Restaurant
Water Access Y/N No
Status ACTIVE
Directions Use GPS. N.E. Corner of N. 5th st. and W. Oxford Sts.
ModificationTimestamp 2024-03-16T00:09:51
City PHILADELPHIA
Buyer Agent Compensation 2.5
Disclosures None
Zoning Description Commercial Mixed Use.
Total Units 3
MLS Area 19122 (19122)
Lot Size Square Feet 1182.00
Tax Assessed Value 205000.0
Waterfront Y/N No
Street Name 5TH
Tax Annual Amount 2869.0
Property Condition Excellent
Acceptable Financing Cash,Conventional
Vacation Rental Y/N No
Days on Market 46
Standard Status Active
Year Built Source Assessor
Tax Lot 31
Buyer Agent Compensation Type % Of Gross

Interior Features

Heating Fuel Electric
Hot Water Electric
Heating Y/N Yes
Street Suffix STREET
Central Air Y/N Yes

Exterior Features

Water Source Public
Inclusions Building,Business,Liquor License,Inventory,all equipment and appliances owned by seller in as-is condition.
Type of Parking On Street
Land Use Code Y50
Water View Y/N No
Building Area Total 0.00
Lot Dimensions 17.00 x 70.00
Lot Size Acres 0.03
Lot Size Units Square Feet
Lot Size Source Assessor
Land Assessed Value 41000.00
Navigable Water Y/N No
Water Oriented Y/N No
LotDimensionsSource Assessor

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 19122

Price
AVG $950K
$1.3M
Taxes
AVG $4,104
$2,869
Visits
AVG 186
146
Data Provided by Inside Real Estate®
Year Built
AVG 1961
1940

Areas We Cover