631 N Broad Street #RESTAURANT, Philadelphia, PA 19123 - Photo 1

1/1

$10,000

Sold
Closed
Commercial Lease

1/1

Property Description

REDUCED RENTAL PRICE: Commercial space available at 631 N Broad Street, a 5,200 sq ft turn-key restaurant equipped with a full bar, large commercial kitchen and available liquor license. Conveniently located on Broad Street, and easily accessible from the SEPTA Broad Street Line. Highly trafficked by residents and visitors from the surrounding neighborhoods such as Fairmount, Spring Arts and Temple University. Only a few minutes walk from The Met and Union Transfer, some of Philadelphia's top entertainment venues. The space gets plenty of natural sunlight from the large format windows. Outdoor space and dining available for use. The spacious elbow-shaped bar is perfect for a high-volume bar restaurant, sports bar or entertainment use. Gently used commercial restaurant kitchen with walk-in refrigerated space and storage. FF&E included. Ready for immediate occupancy.

Full Property Details

Full Property Details for 631 N Broad St #RESTAURANT

General

Sold For: $10,000
Status: Closed
Type: Commercial Lease
Source: BrightMLSPhilly
MLS ID: PAPH2228260
Added to Site: 994 day(s) ago

Business

Business Type: Restaurant/Bar

Rental Information

Lease/Rent Term: More Than 60 Months

Parking

Parking Type: None

Location

Area: 19123 (19123)
Municipality: PHILADELPHIA
County: Philadelphia
Driving Directions: North on Broad Street

Heating & Cooling

Central air: Yes
Cooling Type: Central A/C
Heating Type: Ceiling
Heating Fuel: Natural Gas
Water Heater: 60+ Gallon Tank

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Construction: Masonry
Stories/Levels: 0
Aprox. Leasable: 5,129 Sq. Ft.
Current Bldg. Use: Restaurant
Year Built: 1885
Year Built Source: Assessor

Lot Features

Lot Size (Acres): 0.23
Lot Size (Sq. Ft.): 10,042
Lot Size Source: Assessor
Lot Dimensions: 76.00 x 132.00
Zoning: CMX4

Financial Considerations

Price Per Sq. Ft.: $1.95
School Tax: $19,745
City/TownTax: $15,513
City/TownTax Freq: Annually
Terms: Standard Sale

Disclosures and Reports

Ownership: Other

Listed and Sold by MSC Retail, Inc., Jacob K. Cooper

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Listing agent

— 631 N Broad St #RESTAURANT —

Jacob K. Cooper

MSC Retail, Inc.

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Schools

Schools serving 631 N Broad St #RESTAURANT

School District:Philadelphia City School District

Name	Grades	Distance
Spring Garden School 1146 Melon Street, Philadelphia, PA 19123	K-8	0.3 mi
Franklin Benjamin High School 550 North Broad Street, Philadelphia, PA 19130	12-11	0.1 mi

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

Price & Sales History for 631 N Broad St #RESTAURANT

Date

Details

Price

Change

Source

11/25/2024

Sold

$10,000

—

MLS

6/18/2024

Price Reduced

$10,000

-33.33%

MLS

5/02/2023

Listed

$15,000

—

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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631 N Broad Street #RESTAURANT, Philadelphia, PA 19123 (MLS# PAPH2228260) is a Commercial Lease property that was sold at $10,000 on November 25, 2024. Want to learn more about 631 N Broad Street #RESTAURANT? Do you have questions about finding other Commercial Lease real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

631 N Broad St #RESTAURANT Philadelphia, PA 19123