$1,590,000 120 Chestnut Street Old City

MLS: 1001916384   Type: Commercial   County: Philadelphia   City: Philadelphia   Area: 19106   Neighborhood: Old City   Zip: 19106   Style: Commercial,Investment,Bar/Tavern/Lounge,Food & Bev     Taxes: $21,425

Mortgage $7,465 /mo



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This is a turn key investment for those looking for a 4-story zoned CMX3 building. Fully operational restaurant with full bar. Occupancy 150 plus. 30 foot hood in kitchen and every appliance you could think of or need. Elevator and stair options take you to second floor. Second floor has dining and banquet area with two more modified accessible restrooms. Take elevator or stairs to third floor which was formerly used for karaoke and private party room. Another food station and 2 more bathrooms. 4th floor is unfinished 2,000 square feet of space, including owners private den/end of day retreat. Liquor license is available at market rate. Located on a great block in historic Old City with plenty of different restaurants and shops, and within short walking distances to Independence Mall, Penns Landing, all Center City has to offer. Showings are by appointment only and buyer credentials are needed to schedule an appointment with 24 hours notice. Please note there are security cameras throughout.

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Price History

6/21/2018 Listed $1,900,000
8/20/2018 6% - $1,800,000
11/15/2018 7% - $1,690,000
2/7/2019 6% - $1,590,000

Accessibility Elevator
Business Type Commercial, Investment, Bar/Tavern/Lounge, Food & Beverage
Cool Fuel Electric
MLS Area 19106 (19106)
New Construction N
Possession Negotiable
Price Per Sq Ft 184.03
Property SubType Other
Property Type Commercial Sale
Tax Year 2019
Vacation Rental Y/N N
Zoning CMX3

Interior Features

Building Features Elevator, Exhaust System, Refrigerator(s), Sprinkler System, Walk-In Box
Central Air Y/N Y
Cooling Central A/C
Flooring Tile/Brick
Heating Other
Heating Fuel Natural Gas
Heating Y/N Y
Hot Water Natural Gas

Exterior Features

Building Area Total 8640.00
Construction Materials Brick
Foundation Details Stone
Lot Dimensions 16X142
Lot Size Acres 0.06
Lot Size Square Feet 2456.00
Navigable Water Y/N N
Number of Buildings 1
Roof Flat
Sewer Public Sewer
Type of Parking None
Water Access Y/N N
Water Oriented Y/N N
Water Source Public
Water View Y/N N
Waterfront Y/N N

Property Schools

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Property vs Zip Code Avg (19106)

Price 1.59M Avg 761K

Sqr Feet 8,640 Avg 6,648

Cost / Sqr Ft $184 Avg $115

Taxes $21,425 Avg $15,086

Acres 0.06 Avg 0.06

Visits 58 Avg 26

Walkscore® 97 Avg 97

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Listing Provided Courtesy Of: BHHS Fox & Roach-Center City Walnut

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Location & Address

Plumer & Associates, Inc.
226 South Street
Philadelphia, PA