1627 E Passyunk Avenue, Philadelphia, PA 19148 - Photo 1

1/1

$900,000

Sold
Closed
Retail

1/1

Property Description

NEW: Seller credit of 25k with accepted offer!! Don't miss this chance! RARE opportunity to purchase 5,000 sq. ft. in the heart of South Philadelphia's Restaurant Row! This E. Passyunk property boasts two levels of possible restaurant/catering/event space, plus 3rd floor offices and additional basement storage. Offering high visibility, plenty of foot traffic, and municipal parking directly across the street. This property has already been demo'd for your renovations. Current owner worked to develop concept with top restaurant design firm and is willing to provide plans and renderings to accepted buyer. Zoning allows for a variety of commercial/residential uses. Liquor license available for additional $200,000.

Full Property Details

Full Property Details for 1627 E Passyunk Ave

General

Sold For: $900,000
Taxes: $7,686 (2023)
Status: Closed
Type: Retail
Source: BrightMLSPhilly
MLS ID: PAPH2244594
Added to Site: 1, 147 day(s) ago

Business

Business Type: Flex, Restaurant/Bar, Other, Professional, Other/Gener

Parking

Parking Type: On Street

Location

Area: 19148 (19148)
Municipality: PHILADELPHIA
County: Philadelphia
Development Name: Passyunk Square
Subdivision: Passyunk Square
Cross Streets: Tasker
Driving Directions: Tasker

Heating & Cooling

Central air: Yes
Cooling Type: Central A/C
Cooling Fuel: Natural Gas
Heating Type: Central
Heating Fuel: Natural Gas
Water Heater: Natural Gas

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Construction: Masonry
Stories/Levels: 0
Year Built: 1915
Year Built Source: Assessor

Unit Information

# Tenants: Multiple

Lot Features

Lot Size (Acres): 0.04
Lot Size (Sq. Ft.): 1,804
Lot Size Source: Assessor
Lot Dimensions: 32.00 x 60.00
Zoning: CMX25

Financial Considerations

Assessment Year: 2023
School Tax: $4,217
City/TownTax: $3,468
City/TownTax Freq: Annually
Tax w/Assessment: $549,100
Tax Amount: $7,686
Tax Year: 2023

Disclosures and Reports

Ownership: Fee Simple
Lot Number: 204

Listed by Long & Foster Real Estate, Inc., Janice L Livshits
Sold by Realty Mark Cityscape-King of Prussia, Christopher H Tran

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Listing agent

— 1627 E Passyunk Ave —

Janice L Livshits

Long & Foster Real Estate, Inc.

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Schools

Schools serving 1627 E Passyunk Ave

School District:Philadelphia City School District

Name	Grades	Distance
Southwark School 1835 South 9th Street, Philadelphia, PA 19148	K-6	0.3 mi
South Philadelphia High School 2101 South Broad Street, Philadelphia, PA 19148	9-12	0.5 mi

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

Price & Sales History for 1627 E Passyunk Ave

Date

Details

Price

Change

Source

10/31/2023

Sold

$900,000

-14.29%

MLS

7/06/2023

Price Reduced

$1,050,000

-4.55%

MLS

6/07/2023

Listed

$1,100,000

—

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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1627 E Passyunk Avenue, Philadelphia, PA 19148 (MLS# PAPH2244594) is a Retail property that was sold at $900,000 on October 31, 2023. Want to learn more about 1627 E Passyunk Avenue? Do you have questions about finding other Retail real estate for sale in Center City East? You can browse all Center City East real estate or contact a Coldwell Banker agent to request more information.

1627 E Passyunk Ave Philadelphia, PA 19148