1112 Locust Street #STREET LEVEL, Philadelphia, PA 19107 - Photo 1

1/1

$3,400

Sold
Closed
Commercial Lease

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Property Description

MOVE-IN READY RESTAURANT. Check out this amazing opportunity to rent out a newly updated restaurant in Center City. This location experiences a lot of foot traffic and is close to many offices, hospitals and homes. Dining area faces a beautiful community garden and there is outdoor patio seating available. This restaurant includes a new hood, large basement, outside area, heavy foot-track, and more.

Full Property Details

Full Property Details for 1112 Locust St #STREET LEVEL

General

Sold For: $3,400
Status: Closed
Type: Commercial Lease
Source: BrightMLSPhilly
MLS ID: PAPH2195024
Added to Site: 1, 099 day(s) ago

Business

Business Type: Restaurant/Bar

Rental Information

Lease/Rent Term: 24 Months
Rent Includes: Furnished

Interior

Flooring: Ceramic Tile

Parking

Parking Type: None

Location

Area: 19107 (19107)
Municipality: PHILADELPHIA
County: Philadelphia
Development Name: Washington Sq West
Subdivision: Washington Sq West
Cross Streets: 12Th
Driving Directions: turn onto locust from broad st and it's 3 blocks on the right
Location Details: Downtown

Heating & Cooling

Central air: Yes
Cooling Type: Central A/C
Heating Type: Forced Air
Heating Fuel: Electric
Water Heater: Electric

Utilities

Sewer: Public Sewer
Water: Public
Utility Description: Natural Gas Available, Electric Available, Water Available

Structural Information

Construction: Masonry
Stories/Levels: 0
Aprox. Leasable: 900 Sq. Ft.
Current Bldg. Use: Food & Beverage
Year Built: 1920
Year Built Source: Estimated
Property Condition: Excellent, Very Good

Lot Features

Property View: Garden/Lawn
Lot Size (Acres): 0.02
Lot Size (Sq. Ft.): 973
Lot Size Source: Estimated
Zoning: CMX1

Financial Considerations

Price Per Sq. Ft.: $4.17
School Tax: $3,421
City/TownTax: $2,814
City/TownTax Freq: Annually
Terms: Standard Sale

Disclosures and Reports

Ownership: Other

Buyer's Brokerage Compensation: Contact Listing Agent

Not binding unless confirmed by separate agreement among applicable parties.

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Meet the listing agent

— 1112 Locust St #STREET LEVEL —

Brad Gellman

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(267) 259-0134 mobile

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NMLS#: 1598647

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Schools

Schools serving 1112 Locust St #STREET LEVEL

School District:Philadelphia City School District

Name	Grades	Distance
McCall Gen George A School 325 South 7th Street, Philadelphia, PA 19106	K-8	0.4 mi
Franklin Benjamin High School 550 North Broad Street, Philadelphia, PA 19130	12-11	1.1 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1112 Locust St #STREET LEVEL

Date

Details

Price

Change

Source

3/23/2023

Sold

$3,400

-9.33%

MLS

2/17/2023

Price Reduced

$3,750

-8.54%

MLS

1/18/2023

Listed

$4,100

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1112 Locust Street #STREET LEVEL, Philadelphia, PA 19107 (MLS# PAPH2195024) is a Commercial Lease property that was sold at $3,400 on March 23, 2023. This property was listed by Brad Gellman from our Old City Office.Want to learn more about 1112 Locust Street #STREET LEVEL? Do you have questions about finding other Commercial Lease real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

1112 Locust St #STREET LEVEL Philadelphia, PA 19107