Versatile Restaurant and Event
2154-72 BRIDGE Street Philadelphia, PA 19124
For Sale
$3,500,000
Commercial Sale - PHILADELPHIA, PA
Property Size15,213 SF
Lot Size0.51 Acres
Price / SF$230.07
Days on Market1315
Property Features for 2154-72 BRIDGE Street
General Information
- Property type
- Other
- Property subtype
- Retail
- Parking
- 40
- Parking features
- Parking Lot, Driveway
- Standard status
- Active
- Lot size
- 0.51 Acres
Taxes and HOA fees
- Tax Annual Amount
- 15665
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1920
- Building materials
- Masonry
Listing Agency:
Keller Williams Real Estate-Blue Bell
(215) 646-2900
Listed By:
Sharyn Soliman · License #RS330729
(267) 625-7568
Added: Dec 20, 2022
Changed: Jul 13
Last Checked: Jul 27 at 6:06AM
MLS# PAPH2186434
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 sale offers a versatile, 600+ seat restaurant and nightlife venue with two ballrooms/dining rooms. The main level includes a hostess stand and cocktail lounge with a full bar, plus a DJ booth and dance floor. A service area connects the dining spaces with the centrally located, commercially equipped kitchen, with staff access to both the dining area and ballroom. The layout also includes bathrooms, an entertainment equipment control room behind the stage, and storage for laundry, dry storage, and liquor.
The ballroom features a stage and is currently under renovation, including imported European white tile floors, raising the ceiling, and installation of 3 new commercial HVAC units. A second entrance off the small side parking lot at the corner of Bridge and Tulip provides access to business offices, with a staircase leading to a 1 bedroom/1 bath living area that includes a living room/kitchen area and an office. An additional upstairs private lounge is provided for VIP guests with a full bar.
The property is described as conveniently located at the Bridge St exit of the Route 95 expressway, about 10 minutes from downtown Philadelphia. The sale includes two on-premise parking lots, plus an additional lot included at 2166-68 Granite (3,360 sq. ft.). Purchase price includes liquor license and all restaurant furniture, fixtures, and equipment.
The ballroom features a stage and is currently under renovation, including imported European white tile floors, raising the ceiling, and installation of 3 new commercial HVAC units. A second entrance off the small side parking lot at the corner of Bridge and Tulip provides access to business offices, with a staircase leading to a 1 bedroom/1 bath living area that includes a living room/kitchen area and an office. An additional upstairs private lounge is provided for VIP guests with a full bar.
The property is described as conveniently located at the Bridge St exit of the Route 95 expressway, about 10 minutes from downtown Philadelphia. The sale includes two on-premise parking lots, plus an additional lot included at 2166-68 Granite (3,360 sq. ft.). Purchase price includes liquor license and all restaurant furniture, fixtures, and equipment.
Key Highlights
- Fully equipped and operational restaurant/nightclub with a 600+ seating capacity and included liquor license.
- Two ballrooms/dining rooms, each with dining, buffet, and dance floor areas, plus two fully equipped commercial kitchens.
- Prime location with convenient access to Route 95 and proximity to downtown Philadelphia.
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $173.4k | $11.40 |
| − Vacancy | −$13.9k | −$0.91 |
| EGI | $159.6k | $10.49 |
| − OpEx | −$47.9k | −$3.15 |
| NOI | $111.7k | $7.34 |
15,213 SF · lease $11.40/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$8.75M
$7.66M – $10.21M
NOI $612,547 @ 7.0% cap · market cap 17.50%
Second Best
Industrial
$1.60M
$1.40M – $1.86M
NOI $111,688 @ 7.0% cap · market cap 3.19%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Night clubs
Similar Off Market Nearby
- GOD IS OUR ONE AND ONLY HEAVENLY FATHER — 2389 Duncan St, Philadelphia, PA 19124
- Salmon Beer Distribution — 4571 Aramingo Ave, Philadelphia, PA 19124
- What'S-Its Name Bar — 4652 E Thompson St, Philadelphia, PA 19137
- Ozzies Corner Tavern — 2678 Lefevre St, Philadelphia, PA 19137
- Irish Eyes Pub & Restaurant — 4742 Richmond St, Philadelphia, PA 19137
FAQs
What type of property is this?
Night club - Versatile 600+ seat venue with two ballrooms, commercial kitchen areas, and included liquor license.
Where is this night club located?
The property is located at 2154-72 BRIDGE Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Fully equipped and operational restaurant/nightclub with a 600+ seating capacity and included liquor license.; Two ballrooms/dining rooms, each with dining, buffet, and dance floor areas, plus two fully equipped commercial kitchens.; Prime location with convenient access to Route 95 and proximity to downtown Philadelphia.
