Mixed-Use Restaurant &
For Sale
$2,100,000
1500 N 2nd Street, Philadelphia, PA 19122
Package includes a takeout restaurant with apartments plus two additional 2-bedroom houses, all in four individually deeded buildings.
Days on Market76
Property Features for 1500 N 2nd Street
General Information
Standard status
Active
Property subtype
Commercial
Lease Term
[]
Additional Details
Business Included
Yes
Building Details
Year Built
1915
Listing Agency:
Realty Mark Associates
(215) 537-0200
Listed By:
Roberto F Neris · License #RS299462
Source:
Deepcreeklake
Added: May 17
Changed: Jul 27
Last Checked: Jul 30 at 5:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty Mark Associates
Investment Insights
Based on property information with market context.
Offered for sale as a package is a mixed-use, four-building portfolio anchored by the currently operating El Greco Pizza and Luncheonette business (since 1979), along with all equipment owned. The package includes 1500–1502 N. 2nd Street, configured with a takeout restaurant and two apartments on the first floor and a large 3-bedroom apartment spanning the second and third floors.
Also included are 205–207 W. Jefferson, consisting of two 2-bedroom houses situated at the corner of 2nd and Jefferson streets. All properties are tenant occupied on a month-to-month basis and can be delivered vacant.
This is a turn-key offering for an owner-operator who wants to run the takeout restaurant while collecting rent from the residential units, or for buyers interested in dividing the parcels or pursuing separate plans for each individually deeded building.
Also included are 205–207 W. Jefferson, consisting of two 2-bedroom houses situated at the corner of 2nd and Jefferson streets. All properties are tenant occupied on a month-to-month basis and can be delivered vacant.
This is a turn-key offering for an owner-operator who wants to run the takeout restaurant while collecting rent from the residential units, or for buyers interested in dividing the parcels or pursuing separate plans for each individually deeded building.
Key Highlights
- Package includes an operating takeout restaurant plus apartments and two additional 2‑bedroom houses across four individually deeded buildings.
- 1500–1502 N. 2nd includes a takeout restaurant with 2 apartments on the 1st floor and a large 3‑bedroom apartment on the 2nd and 3rd floors.
- 205–207 W. Jefferson features two‑bedroom houses located at the corner of 2nd and Jefferson streets.
Property Analytics
Current Use
Lease Details
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 includes a takeout restaurant with apartments plus two additional 2-bedroom houses, all in four individually deeded buildings.
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: Package includes an operating takeout restaurant plus apartments and two additional 2‑bedroom houses across four individually deeded buildings.; 1500–1502 N. 2nd includes a takeout restaurant with 2 apartments on the 1st floor and a large 3‑bedroom apartment on the 2nd and 3rd floors.; 205–207 W. Jefferson features two‑bedroom houses located at the corner of 2nd and Jefferson streets.
