Mixed-Use Restaurant and
For Sale
$2,100,000
1500 N 2ND Street, Philadelphia, PA 19122
MULTI_FAMILY - Other - PHILADELPHIA, PA
Lot Size0.02 Acres
Days on Market50
Property Features for 1500 N 2ND Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
4308
Utilities
Heating system
Forced Air
Cooling system
Ductless
Building Details
Year built
1915
Number of units
4
Building materials
Masonry
Architectural style
Other
Listing Agency:
Realty Mark Associates
(215) 376-4444
Listed By:
Roberto F Neris · License #RS299462
(215) 669-4273
Added: Jun 12
Changed: Jun 30
Last Checked: Jul 31 at 6:06AM
MLS# PAPH2632402
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale package includes a currently operating take-out restaurant business known as El Greco Pizza and Luncheonette, along with the business equipment owned. The offering consists of four individually deeded buildings: 1500-1502 N. 2nd St, which includes the take-out restaurant plus two apartments on the first floor and a large three-bedroom apartment on the second and third floors, and 205-207 W. Jefferson, which are two-bedroom houses located at the corner of 2nd and Jefferson Streets. All properties are tenant occupied on a month-to-month basis and, per the seller, can be delivered vacant.
The buildings are being sold together as a package deal. The seller states the asset may be delivered vacant and that the parcels may also be divided for separate sale or future use, providing flexibility for buyers with different holding or redevelopment plans. Inquiries are directed through the listing agent, and the seller asks that questions not be directed to the owner or employees.
For buyers seeking an owner-operator setup, the restaurant component and equipment are included with the real estate. For investors or landlords, the current configuration combines residential units above and around the restaurant with two additional deeded two-bedroom houses, with month-to-month tenancy in place at the time of sale and the option for vacant delivery as offered by the seller.
The buildings are being sold together as a package deal. The seller states the asset may be delivered vacant and that the parcels may also be divided for separate sale or future use, providing flexibility for buyers with different holding or redevelopment plans. Inquiries are directed through the listing agent, and the seller asks that questions not be directed to the owner or employees.
For buyers seeking an owner-operator setup, the restaurant component and equipment are included with the real estate. For investors or landlords, the current configuration combines residential units above and around the restaurant with two additional deeded two-bedroom houses, with month-to-month tenancy in place at the time of sale and the option for vacant delivery as offered by the seller.
Key Highlights
- 4 individually deeded buildings sold as a package, including El Greco Pizza and Luncheonette (operating since 1979).
- 1500–1502 N. 2nd St take‑out restaurant with 2 apartments on the 1st floor and a large 3BD apartment on the 2nd and 3rd floors.
- 205–207 W. Jefferson: two 2BD houses at the corner of 2nd St and Jefferson St.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
3,530
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19122, PA
26,668
Population
10,139
Households
2.6
Avg Household Size
28
Median Age
42%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
20,514
Density / Sq Mi
$57,785
Median Household Income
$31,871
Median Earnings
$1,294
Median Rent
$341,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Package sale of a take-out restaurant with attached apartments and additional deeded houses, all month-to-month tenant occupied.
Where is this conventional restaurant located?
The property is located at 1500 N 2ND Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 4 individually deeded buildings sold as a package, including El Greco Pizza and Luncheonette (operating since 1979).; 1500–1502 N. 2nd St take‑out restaurant with 2 apartments on the 1st floor and a large 3BD apartment on the 2nd and 3rd floors.; 205–207 W. Jefferson: two 2BD houses at the corner of 2nd St and Jefferson St.
