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$389,000
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Property Description
FOR SALE - ONE-OF-A-KIND COMMERCIAL OPPORTUNITY IN THE HEART OF POINT BREEZE AVENUE, PHILADELPHIA!! Welcome to 2101 Reed Street, a truly unique property located on one of the only "islands" in Philadelphia - a high-visibility, high-traffic location, that is the only other ISLAND, other than Pat's King of Steaks in South Philly. If you've ever dreamed of owning a food business in a legendary Philly setting, this is your moment. Most recently home to the beloved sandwich shop The Works, this space is fully built out for a window-service operation, making it ideal for take-out, grab-and-go, or late-night crowds. The basement prep area is equipped for tidy production and efficiency, allowing you to hit the ground running. The building is currently outfitted with commercial-grade equipment, including: Commercial refrigerator & freezer Double fryer Flat-top grill Hoagie station Utility sinks Double bread ovens Slicer And everything you need to launch or expand your food concept (Equipment available for purchase separately.) Equipment Prices available in Document Section. Whether you're an experienced operator or a first-time entrepreneur with big flavor and bold ideas, this is a rare, turnkey-style opportunity in a location that simply cannot be replicated. Opportunities like this do not come around often. Bring your vision, bring your menu, and make your food dreams a reality. 📞 Schedule your showing ASAP - this one will not last!
Full Property Details
Full Property Details for 2101 Reed St
General
- Price: $389,000
- Taxes: $1,863 (2025)
- Status: Active
- Type: Commercial Service
- Source: BrightMLSPhilly
- MLS ID: PAPH2578000
- Updated: 3/16/2026
- Added to Site: 50 day(s) ago
Business
- Business Type: Restaurant/Bar
Additional Information
- Security/Safety: Exterior Cameras, Security Gate
- Equipment: Negotiable
Parking
- Parking Type: On Street
Location
- Area: 19146 (19146)
- Municipality: PHILADELPHIA
- County: PHILADELPHIA
- Subdivision: POINT BREEZE
- Cross Streets: 21st Street
- Driving Directions: From Broad Street, turn onto Reed Street, the property is on your right hand side
Heating & Cooling
- Cooling Type: Wall Unit
- Cooling Fuel: Electric
- Heating Type: 90% Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Masonry
- Building Size: 650
- Year Built: 1923
- Year Built Source: Assessor
Unit Information
- # Tenants: Single
Lot Features
- Lot Size (Acres): 0.01
- Lot Size (Sq. Ft.): 650
- Lot Size Source: Estimated
- Lot Dimensions: 20.00 x 25.00
- Zoning: CMX2
Financial Considerations
- Price Per Sq. Ft.: $598.46
- Assessment Year: 2025
- School Tax: $1,043
- City/TownTax: $819
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $133,100
- Tax Amount: $1,863
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 28
Listed by Keller Williams Real Estate - Media, Jamie Kerezsi
Get Pre-Approved Today
Schools
Schools serving 2101 Reed St
School District:Philadelphia City School District
| Name | Grades | Distance |
|---|---|---|
Childs George W School 1599 Wharton Street, Philadelphia, PA 19146 | K-8 | 0.5 mi |
South Philadelphia High School 2101 South Broad Street, Philadelphia, PA 19148 | 9-12 | 1 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 2101 Reed St
Date
Details
Price
Change
Source
3/16/2026
Price Reduced
$389,000
-2.51%
MLS
2/11/2026
Listed
$399,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2101 Reed St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,863
—
$133,100
—
2024
$1,863
9%
$133,100
100%
2021
$1,705
-8%
-100%
2023
$1,863
9%
$133,100
9%
2020
$1,705
1%
$121,800
1%
2019
$1,692
—
$120,900
—
2018
$1,697
97%
$121,200
97%
2017
$862
—
$61,600
—
2016
$862
4%
$61,600
—
2015
$825
—
$61,600
—
2014
$825
32%
$61,600
862%
2013
$625
—
$6,400
—
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 2101 Reed St
2101 Reed Street, Philadelphia, PA 19146 (MLS# PAPH2578000) is a Commercial Service property. 2101 Reed Street is currently listed for $389,000 and was received on February 11, 2026. Want to learn more about 2101 Reed Street? Do you have questions about finding other Commercial Service real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

