7645 Frankford Avenue, Philadelphia, PA 19136 - Photo 1

1/1

$925,000

Sold
Closed
Business

1/1

Property Description

Well Established Bar/Tavern in the middle of Mayfair business district. The Tavern is located on a great corner offering high exposure and has off street parking for 15+ cars. The First floor Features 2,640 sq ft of bar seating and dining, a huge bar, great dining area, large dance floor, and can accommodate up to 140 people. On the lower level is located a well-equipped kitchen, newer walk-in refrigerators, small office space, storage area and a private room that can seat 110 people with a bar and lower-level bathrooms, this room is perfect for private events. There is an additional container situated on the parking lot and it is the perfect storage place for supplies and outside furniture. Building was renovated in 2014, it is turn-key and just waiting for new owners and chefs. Front and back seating permanently approved by LCB.

Full Property Details

Full Property Details for 7645 Frankford Ave

General

Sold For: $925,000
Taxes: $8,989 (2023)
Status: Closed
Type: Business
Source: BrightMLSPhilly
MLS ID: PAPH2170626
Added to Site: 1, 235 day(s) ago

Business

Business Type: Banquet Facility/Lodge, Restaurant/Bar

Parking

Total Spaces: 15
Parking Features: Paved Parking
Parking Type: Parking Lot

Location

Area: 19136 (19136)
Municipality: PHILADELPHIA
County: Philadelphia
Development Name: Mayfair
Subdivision: Mayfair
Cross Streets: Sheffield
Driving Directions: On Frankford Avenue at the corner of Sheffield Avenue
Location Details: Urban

School Information

High School: Abraham Lincoln

Heating & Cooling

Central air: Yes
Cooling Type: Central A/C
Cooling Fuel: Electric
Heating Type: Forced Air
Heating Fuel: Natural Gas
Water Heater: Natural Gas

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Construction: Masonry
Foundation: Block
Roof: Flat, Shingle
Entry Floor Number: 1
Stories/Levels: 2
Year Built: 1970
Year Built Source: Assessor
Property Condition: Very Good

Unit Information

# Tenants: Single

Lot Features

Lot Size (Acres): 0.25
Lot Size (Sq. Ft.): 10,875
Lot Size Source: Assessor
Lot Dimensions: 75.00 x 144.00
Frontage Feet: 75
Street/Road Desc.: US Highway/Interstate
Lot Features: Corner, Level
Zoning: CMX-2.5
Lot Description: Corner, Level

Financial Considerations

Price Per Sq. Ft.: $191.18
Assessment Year: 2023
School Tax: $4,932
City/TownTax: $4,056
City/TownTax Freq: Annually
Tax w/Assessment: $642,200
Tax Amount: $8,989
Tax Year: 2023

Disclosures and Reports

Ownership: Fee Simple
Exclusions: ATM, Juke Box, Interior electric advertising signs.
Inclusions: All furniture, fixtures and equipment (ff) and liquor license.
Lot Number: 46

Listed by BHHS Fox & Roach-Center City Walnut, Gregory J Damis and BHHS Fox & Roach-Center City Walnut, Adrian Adam
Sold by Legacy Landmark Realty LLC, Xiao ZHEN ZHAO

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Listing agents

— 7645 Frankford Ave —

Gregory J Damis

BHHS Fox & Roach-Center City Walnut
Adrian Adam

BHHS Fox & Roach-Center City Walnut

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Schools

Schools serving 7645 Frankford Ave

School District:Philadelphia City School District

Name	Grades	Distance
Forrest Edwin School 7300 Cottage Street, Philadelphia, PA 19136	K-5	0.3 mi
Lincoln High School 3201 Ryan Avenue, Philadelphia, PA 19136	9-12	0.6 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 7645 Frankford Ave

Date

Details

Price

Change

Source

3/10/2023

Sold

$925,000

-5.13%

MLS

10/17/2022

Listed

$975,000

—

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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7645 Frankford Avenue, Philadelphia, PA 19136 (MLS# PAPH2170626) is a Business property that was sold at $925,000 on March 10, 2023. Want to learn more about 7645 Frankford Avenue? 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.

7645 Frankford Ave Philadelphia, PA 19136