2654 S 12Th Street
Philadelphia, PA, 19148 $ 649,999
Baths0.0 Sq 1,740 Monthly Estimate*
$ 4,320
Studio
for $649,999. This 1,740 square foot building was built in 1930 on a lot size of 0.02.
Welcome to a golden opportunity in the heart of South Philadelphia! This beloved community cornerstone is up for grabs and it's your chance to make it your own. Strategically located just 10 minutes from the city's bustling stadiums - Lincoln Financial Field, Wells Fargo Center, and Citizens Bank Park, this turn-key bar and restaurant is perfectly positioned to capture the energetic foot-traffic from the upcoming Philly sports season, concerts, and shows. This high-visibility corner location on the well-traveled Oregon Ave is easily accessible with local Septa Rts 45, G, 7, 68 right at your doorstep, just two blocks from the Septa Broad Street Line, and plenty of on-street parking. The well-maintained building boasts two floors of bar/restaurant space that have previously hosted catered dinners, anniversary celebrations, art shows, local bands, comedy shows, and local entertainers. This space is ripe with potential for the new owner to maximize revenue and bring their unique vision to life. The local community and food critics alike are eagerly anticipating the return of good food, good drinks, and good times to this popular foodie destination. The property comes equipped with a newer black granite bartop, two new 60" under-bar beverage coolers, a kitchen reach-in refrigerator, a 6-burner commercial range, a newly installed hood vent and ansul system, a newer furnace and hot water heater, and three new large Renewal by Anderson windows on the 2nd floor. Additional features include a PLCB-approved tap line cleaning device (BioQTech) that reduces beer waste and line cleaning costs, and an office space that can double as a small owner's studio apartment with a private bathroom, shower, and convenient roof access. The sale includes the Pennsylvania R-Liquor License and all furniture and fixtures in as-is condition. Don't miss out on this incredible opportunity to own a piece of South Philadelphia's vibrant community. The potential is limitless and the rewards are waiting. The building (without liquor license) can be purchased for 499,999.
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FeaturesInteriorHeating Fuel Natural Gas
Hot Water Natural Gas
Heating Y/N Y
Street Suffix STREET
Central Air Y/N N
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GeneralSewer Public Sewer
Heating Radiator Baseboard - Electric
Cooling Ceiling Fan(s)
Possession Immediate
Roof Flat
Zoning CMX1
Construction Materials Brick
Year Built 1930
Electric 200+ Amp Service
View City Street
Property SubType Sports and Entertainment
Tax Year 2023
Current Use Bar Restaurant
Cool Fuel Electric
Municipality PHILADELPHIA
Business Type Restaurant/Bar
Accessibility None
County PHILADELPHIA
New Construction N
Property Type Business Opportunity
Subdivision Name PHILADELPHIA (SOUTH)
Possible Use Bar/Tavern/Lounge Beer/Wine/Liquor Restaurant
Water Access Y/N N
Status ACTIVE UNDER CONTRACT
Directions 12th and Oregon Ave
City PHILADELPHIA
Buyer Agent Compensation 2.5
MLS Area 19148 (19148)
Lot Size Square Feet 908.00
Waterfront Y/N N
Street Name 12TH
Tax Annual Amount 3919.0
Price Per Sq Ft 373.56
Acceptable Financing Private Other
Vacation Rental Y/N N
Days on Market 12
Standard Status Active Under Contract
Year Built Source Assessor
Tax Lot 120
Buyer Agent Compensation Type % Of Gross
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ExteriorLot Features Corner Road Frontage
Water Source Public
Type of Parking On Street
Foundation Details Stone
Water View Y/N N
Building Area Total 1740.00
Lot Dimensions 16.00 x 58.00
Lot Size Acres 0.02
Lot Size Units Square Feet
Lot Size Source Assessor
Door Features Double Entry
Land Assessed Value 56000.00
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesList ByKeller Williams Main LineBroker
kevanosich@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $4,320
- Monthly Property Taxes
- $327
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Philadelphia, PA
Average List Price $976,650
Percent of Sale Price 50%
About Philadelphia, PA 1,588,239 Population
5% Since 2002
$ 42,223 Median Income
36 Median Age
24% Households with Children
Trends Information provided by ATTOM Data Solutions.
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
10/19/2023 | $649,999 | | Listed Price |