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$3,999,999
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Property Description
Rare opportunity to own a spectacular 600 + seat restaurant / nightclub. Purchase price includes liquor license, all restaurant furniture, fixtures and equipment. Conveniently located at the Bridge St exit of the route 95 expressway and only 10 minutes away from downtown Philly, this 15, 213 sq.ft. commercial property is one of the Philadelphia's most luxurious restaurant / bars. The Chateau was a long standing business, which started 57 years ago and has been a family run organization since. Throughout the middle of the 19th century, the building served as the Erie social club- bringing acts such as The Rat Pack and Tony Bennet to Philadelphia audiences. It then became Cozy Morely's Erie Social before becoming the Chateau as people have known it over the years. Its new owners have upgraded the building and coined it 'The Billionaire Club'. There are two ballrooms / dining rooms, each elegantly draped and complete with a dining area, a buffet area, and dance floor. The building also has 2 on premise, equipped commercial kitchen areas, allowing for a variety of different business opportunities for potential buyers. The main entrance off Tulip St. leads to a hostess stand and cocktail lounge with full bar. The dining hall boasts some of the city's most unique furniture and wall art - all custom designed by the current owner. The DJ booth and dance floor provide for an evening cocktail lounge / dance club setting. There is access to a service area here as well for staff to communicate with the kitchen and a bus area for dishware. In this area you will also find the centrally located and beautifully designed bathrooms. Behind the service area is a full commercially equipped kitchen with staff access to both the dining area and ballroom. Continuing through the cocktail lounge, you will find the ballroom with stage. The ballroom is in the process of renovation including imported, European white tile floors (large slab), raising the ceiling, and 3 new Commercial HVAC units. Behind the main stage is the entertainment equipment control room. There is also a large storage room here for laundry, dry storage, and liquor. The second entrance off the small side parking lot at the corner of Bridge and Tulip leads to the business offices to the right. Above the office area, there is a staircase leading to a 1 bedroom/1 bath living area complete with living room/kitchen area and an office. On the opposite side of the building and upstairs, you will find a private lounge for your exclusive VIP guests complete with full bar area. There are 2 available parking lots, one at either side of the building, and an additional lot included at 2166-68 Granite which is 3360 sqft. This property has fantastic potential for its next owner. Be sure to contact today for more information! Additional information on upgrades is located in the attachments to the listing.
Full Property Details
Full Property Details for 2154 Bridge St
General
- Price: $3,999,999
- Taxes: $15,665 (2023)
- Status: Active
- Type: Business
- Source: BrightMLSPhilly
- MLS ID: PAPH2186434
- Updated: 10/16/2024
- Added to Site: 862 day(s) ago
Business
- Business Type: Banquet Facility/Lodge, Restaurant/Bar
Interior
- Flooring: Carpet, Ceramic Tile
Additional Information
- Security/Safety: Fire Detection System, Exterior Cameras, Electric Alarm, Main Entrance Lock, Monitored, Motion Detectors, Security System, Smoke Detector, Sprinkler System - Indoor, Surveillance Sys
Parking
- Total Spaces: 40
- Parking Features: Private, Paved Parking
- Parking Type: Parking Lot, Driveway
Location
- Area: 19124 (19124)
- Municipality: PHILADELPHIA
- County: Philadelphia
- Building Name: CHATEAU
- Cross Streets: Harbison
- Driving Directions: Cross street of Aramingo Ave and Bridge St, lot entrance on Tulip.
- Location Details: Free Standing
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Natural Gas
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Masonry
- Doors: Double Entry
- Drive-In Doors: 1
- Stories/Levels: 0
- Year Built: 1920
- Year Built Source: Assessor
- Property Condition: Excellent, Very Good
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.51
- Lot Size (Sq. Ft.): 22,215
- Lot Size Source: Assessor
- Lot Dimensions: 93.00 x 129.00
- Lot Features: Additional Lot(s), Corner, Level, Road Frontage
- Zoning: CMX2
- Lot Description: Additional Lot(s), Corner, Level, Road Frontage
Financial Considerations
- Price Per Sq. Ft.: $260.98
- Assessment Year: 2023
- School Tax: $8,595
- City/TownTax: $7,069
- City/TownTax Freq: Annually
- Tax w/Assessment: $1,119,100
- Tax Amount: $15,665
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Inclusions: All kitchen and restaurant equipment, lot at 2166-68 Granite (3360 sq. ft lot), all inventory in building, Liquor license
- Lot Number: 45
Listed by Keller Williams Real Estate-Blue Bell, Sharyn Soliman
Get Pre-Approved Today
Schools
Schools serving 2154 Bridge St
School District:The School District Of Philadelphia
Rating | Name | Grades | Distance |
---|---|---|---|
5300 Ditman St, Philadelphia, PA 19124 | K-5 | 0.3 mi | |
2000 Wakeling St, Philadelphia, PA 19124 | 6-8 | 0.2 mi | |
5000 Oxford Ave, Philadelphia, PA 19124 | 9-12 | 1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2154 Bridge St
Date
Details
Price
Change
Source
10/16/2024
Price Reduced
$3,999,999
-17.53%
MLS
12/20/2022
Listed
$4,850,000
402.59%
MLS
3/07/2019
Sold
$965,000
—
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 2154 Bridge St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$15,006
5%
$1,072,000
100%
2021
$14,335
-8%
-100%
2023
$15,665
9%
$1,119,100
9%
2020
$14,335
7%
$1,024,100
7%
2019
$13,368
-7%
$955,000
-7%
2018
$14,347
10%
$1,024,900
10%
2017
$13,018
-47%
$930,000
-47%
2016
$24,565
4%
$1,754,900
—
2015
$23,516
—
$1,754,900
—
2014
$23,516
95%
$1,754,900
1324%
2013
$12,038
—
$123,200
—
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 2154 Bridge St
2154 Bridge Street, Philadelphia, PA 19124 (MLS# PAPH2186434) is a Business property. 2154 Bridge Street is currently listed for $3,999,999 and was received on December 20, 2022. Want to learn more about 2154 Bridge 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.