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$1,900,000
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Property Description
Turnkey 3-story bar, restaurant, and event venue in the heart of Old Kensington. This fully built-out commercial property includes a Liquor License, full commercial kitchen, three bars, a private event floor, walk-in cooler, dedicated dishwashing room, and complete ADA accessibility with a commercial elevator. Surrounded by major new residential developments and strong foot traffic, this space offers outstanding visibility and immediate operational potential. Perfect for bar/restaurant operators or investors seeking a ready-to-run venue in one of Philadelphia's fastest-growing neighborhoods.
Full Property Details
Full Property Details for 1647 N 2nd St
General
- Price: $1,900,000
- Taxes: $2,507 (2018)
- Status: Active
- Type: Business
- Source: BrightMLSPhilly
- MLS ID: PAPH2565586
- Updated: 4/1/2026
- Added to Site: 150 day(s) ago
Business
- Business Type: Restaurant/Bar
Parking
- Parking Type: None
Location
- Area: 19122 (19122)
- Municipality: PHILADELPHIA
- County: PHILADELPHIA
- Subdivision: SOUTH KENSINGTON
- Cross Streets: Cecil B. Moore
- Driving Directions: Intersection of 2nd and Cecil B Moore
- Location Details: Urban
School Information
- School District: The School District Of Philadelphia
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
- Utility Description: Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available
Structural Information
- Construction: Brick, Block
- Roof: Flat
- Building Size: 5800
- Current Bldg. Use: Vacant
- Year Built: 1916
- Year Built Source: Estimated
Unit Information
- # Tenants: Single
Lot Features
- Lot Size (Acres): 0.04
- Lot Size (Sq. Ft.): 1,806
- Lot Size Source: Estimated
- Zoning: CMX1
Financial Considerations
- Price Per Sq. Ft.: $327.59
- Tax w/Assessment: $179,100
- Tax Amount: $2,507
- Tax Year: 2018
Disclosures and Reports
- Ownership: Other
- Lot Number: 175
Listed by TCS Management, LLC, Alex C Prince and TCS Management, LLC, Moshe Adika
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Schools
Schools serving 1647 N 2nd St
School District:Philadelphia City School District
| Name | Grades | Distance |
|---|---|---|
Moffet John School 127 West Oxford Street, Philadelphia, PA 19122 | K-5 | 0.1 mi |
Penn Treaty Middle School 600 East Thompson Street, Philadelphia, PA 19125 | 9-12 | 0.6 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 1647 N 2nd St
Date
Details
Price
Change
Source
4/01/2026
Price Reduced
$1,900,000
-13.64%
MLS
12/08/2025
Listed
$2,200,000
214.29%
MLS
5/30/2018
Sold
$700,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1647 N 2nd St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,226
—
$659,100
—
2024
$9,226
-12%
$659,100
-12%
2023
$10,498
110%
$750,000
100%
2021
$4,999
-52%
-100%
2022
$10,498
110%
$750,000
110%
2020
$4,999
—
$357,100
—
2019
$4,999
99%
$357,100
99%
2018
$2,507
—
$179,100
—
2017
$2,507
—
$179,100
—
2016
$2,507
4%
$179,100
—
2015
$2,400
—
$179,100
—
2014
$2,400
145%
$179,100
1688%
2013
$979
—
$10,016
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1647 N 2nd St
1647 N 2nd Street, Philadelphia, PA 19122 (MLS# PAPH2565586) is a Business property. 1647 N 2nd Street is currently listed for $1,900,000 and was received on December 08, 2025. Want to learn more about 1647 N 2nd Street? Do you have questions about finding other Business real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

