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$585,000
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Property Description
Two story commercial building in the heart of Port Richmond that has been used as a restaurant for over 100 years. The first floor is set up as a restaurant with a large bar and indoor dining. There is a private outdoor seating area as well. The second floor can be used as office space or bonus restaurant space. FF&E and liquor license available with real estate for a total purchase price of $900,000. The surrounding neighborhood is comprised of local cafes and luncheonettes.
Full Property Details
Full Property Details for 2537 E Somerset St
General
- Sold For: $585,000
- Taxes: $3,691 (2024)
- Status: Closed
- Type: Commercial Service
- Source: BrightMLSPhilly
- MLS ID: PAPH2480898
- Added to Site: 329 day(s) ago
Business
- Business Type: Restaurant/Bar
Parking
- Parking Type: None
Location
- Area: 19134 (19134)
- Municipality: PHILADELPHIA
- County: PHILADELPHIA
- Subdivision: PORT RICHMOND
- Cross Streets: Belgrade
- Driving Directions: Corner of Belgrade and Somerset
- Location Details: Urban
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Other
- Heating Type: Other
- Heating Fuel: Other
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Masonry
- Roof: Rubber
- Building Size: 3872
- Year Built: 1925
- Year Built Source: Assessor
Unit Information
- # Tenants: Single
Lot Features
- Lot Size (Acres): 0.03
- Lot Size (Sq. Ft.): 1,098
- Lot Size Source: Assessor
- Lot Dimensions: 18.00 x 61.00
- Zoning: CMX1
Financial Considerations
- Price Per Sq. Ft.: $167.87
- Assessment Year: 2025
- School Tax: $2,067
- City/TownTax: $1,624
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $424,800
- Tax Amount: $3,691
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 131
Listed by Allan Domb Real Estate, Allan Domb
Sold by Compass Pennsylvania, LLC, Susan Lauterborn
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Schools
Schools serving 2537 E Somerset St
School District:Philadelphia City School District
| Name | Grades | Distance |
|---|---|---|
Richmond School 2944 Belgrade Street, Philadelphia, PA 19134 | K-5 | 0.2 mi |
Kensington HS 2501 Coral Street, Philadelphia, PA 19125 | 9-12 | 0.7 mi |
Kensington Culinary Arts 2463 Emerald Street, Philadelphia, PA 19125 | 9-12 | 0.8 mi |
Kensington Creative & Performing Arts High School 1901 North Front Street, Philadelphia, PA 19122 | 9-12 | 1.1 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 2537 E Somerset St
Date
Details
Price
Change
Source
12/31/2025
Sold
$550,000
-15.38%
MLS
5/12/2025
Price Increased
$650,000
8.33%
MLS
5/09/2025
Listed
$600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2537 E Somerset Street, Philadelphia, PA 19134 (MLS# PAPH2480898) is a Commercial Service property that was sold at $585,000 on December 31, 2025. Want to learn more about 2537 E Somerset Street? Do you have questions about finding other Commercial Service 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.

