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2654 S 12TH ST Philadelphia, PA 19148
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Key Details
Sold Price $645,000
Property Type Commercial
Sub Type Sports and Entertainment
Listing Status Sold
Purchase Type For Sale
Square Footage 1,740 sqft
Price per Sqft $370
Subdivision Philadelphia (South)
MLS Listing ID PAPH2289558
Sold Date 02/29/24
Originating Board BRIGHT
Year Built 1930
Annual Tax Amount $3,919
Tax Year 2023
Lot Size 908 Sqft
Acres 0.02
Lot Dimensions 16.00 x 58.00
Property Description
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.
Location
State PA
County Philadelphia
Area 19148 (19148)
Zoning CMX1
Interior
Hot Water Natural Gas
Heating Radiator, Baseboard - Electric
Cooling Ceiling Fan(s)
Heat Source Natural Gas
Exterior
Water Access N
View City, Street
Roof Type Flat
Accessibility None
Garage N
Building
Lot Description Corner, Road Frontage
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 882060760
Ownership Other
SqFt Source Assessor
Acceptable Financing Private, Other
Listing Terms Private, Other
Financing Private,Other
Special Listing Condition Standard
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Bought with Roman A Sosalski • Keller Williams Philadelphia