Address
7312 Castor Avenue, Philadelphia, PA
Price
$ 1,600,000
Property Attributes
- MLS#PAPH2311772
- TypeCommercial
- CountyPHILADELPHIA
- CityPhiladelphia
- Area19152
- Zip19152
- StyleRestaurant/Bar
- Year Built1950
- Taxes$ 16542
- Price$ 1,600,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage10672
- Lot Size0.38 Acres
Data Source:
Bright MLS
Property Description
Real Estate Only sale!!!! This prestigious establishment, located in the heart of the Castor Ave Business corridor within the Rhawnhurst subdivision of Northeast Philadelphia, offers a remarkable opportunity for prospective buyers. Boasting approximately 10,672 square feet of commercial space on the main level, this establishment provides a spacious and versatile area for a bar and restaurant business. The main level offers ample room for various business operations, allowing for creative layout and design possibilities. The expansive square footage ensures flexibility in catering to diverse customer needs, from dining areas to bar setups and entertainment spaces. In addition to the generous main level, the establishment includes professional spaces on the second floor. This additional area can be utilized for administrative purposes, private events, or other business-related functions. The multi-level setup enhances the overall functionality and appeal of the property. With a history of serving the Northeast Philadelphia communities for decades, this bar and restaurant establishment has become a staple in the local scene. Its availability for sale presents a unique opportunity for entrepreneurs looking for a great investment opportunity Prospective buyers can explore the potential for creating a vibrant and inclusive space that caters to the diverse tastes of the Northeast communities. The combination of commercial space on the main level and professional spaces on the second floor opens up possibilities for various business models and revenue streams. For those interested in acquiring a well-established Property in a prime location, this offering in the Castor Ave Business corridor is worth serious consideration. It provides the canvas for transforming this space into a thriving hub for social gatherings, culinary experiences, and community engagement. Please don't approach tenant or Staff at bar with questions pertaining to sale . Thank you PS. PROPERTY NEXT DOOR AT 7318 CASTOR AVE BEING AVAILABLE FOR SALE SEPERATLY OR AS PACKAGE
| Price History | |
|---|---|
| 1/10/2024 | Listed $1,650,000 |
| 2/8/2024 | 4% - $1,600,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | 90% Forced Air |
| Cooling | Central A/C |
| Possession | Negotiable |
| Zoning | CMX2 |
| Construction Materials | Masonry |
| Exclusions | All tenant's business fixtures |
| Year Built | 1950 |
| Property SubType | Retail |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Other |
| Business Type | Restaurant/Bar |
| Accessibility | Elevator |
| County | PHILADELPHIA |
| New Construction | No |
| Property Type | Commercial Sale |
| Water Access Y/N | No |
| Property Use | Investment |
| Status | ACTIVE |
| Directions | GPS |
| ModificationTimestamp | 2024-02-07T18:48:39 |
| City | PHILADELPHIA |
| Buyer Agent Compensation | 2 |
| Total Units | 2 |
| MLS Area | 19152 (19152) |
| Lot Size Square Feet | 16681.00 |
| Tax Assessed Value | 1181800.0 |
| Waterfront Y/N | No |
| Street Name | CASTOR |
| Tax Annual Amount | 16542.0 |
| Price Per Sq Ft | 149.93 |
| Acceptable Financing | Conventional |
| Historic Y/N | No |
| Vacation Rental Y/N | No |
| Days on Market | 86 |
| Standard Status | Active |
| Year Built Source | Assessor |
| Tax Lot | 101 |
| Buyer Agent Compensation Type | % Of Gross |
| Association Recreation Fee | No |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Hot Water | Natural Gas |
| Total Stories | 3 |
| Heating Y/N | Yes |
| Street Suffix | AVENUE |
| Central Air Y/N | Yes |
| Total Restrooms | 6 |
Exterior Features
| Water Source | Public |
|---|---|
| Type of Parking | Parking Lot |
| Land Use Code | IB0 |
| Water View Y/N | No |
| Building Area Total | 10672.00 |
| Lot Dimensions | 75.00 x 115.00 |
| Lot Size Acres | 0.38 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 236357.00 |
| 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 19152
Price
Taxes
Visits
Year Built
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