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Mixed-Use Restaurant and Apartments

1500 N 2ND Street Philadelphia, PA 19122

1500 N 2ND Street, Philadelphia, PA, 19122
$2,100,000
For Sale
Claim this Listing
$2,100,000

MULTI_FAMILY - Other - PHILADELPHIA, PA

Lot Size0.02 Acres
AddedJun 12
Days on Market35
Last RefreshJul 16 at 2:06 am

Property Features for 1500 N 2ND Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
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 agent Roberto F Neris License #RS299462

Listing office Realty Mark Associates 2250 Terwood Drive, Southampton, PA

Listing date Jun 12, 2026

MLS# PAPH2632402 Listing URL

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.

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 Location Intelligence

Current Use by Public Records

Borum Burke & Didonato ... Law Firm El Greco Pizza ... Restaurant

Suggested Use

Law Firm (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Tanning Salon (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Supermarket Electrical Service Nursing Home

Zoning and permitted uses should be independently verified with local authorities.

FAQs

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.
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