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    1361 2Nd St Philadelphia, PA 19122

    Sponsored
    For Sale
    $1,700,000

    Turn-key restaurant, patio, liquor license.

    Property size:
    3,875 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A restaurant property, located at 1361 N 2nd St, Philadelphia, PA 19122, is offered for sale at $1,700,000. The 3,875 square foot building boasts a fully equipped, turn-key operation, perfect for an immediate start. A recent 2022 renovation included upgrades to the kitchen, multiple bars, and a spacious dining area. Ample storage is available in the attic. Adding significant value is a separate deed for a 1,000 square foot outdoor patio, ideal for expanding seating capacity and creating a vibrant atmosphere. The property is currently vacant and includes a valuable Pennsylvania R liquor license. The owner is open to considering a lease option. This prime location in the Olde Kensington/Fishtown neighborhood presents a unique opportunity for a savvy investor or owner-user seeking a thriving restaurant business. The property is situated in Philadelphia County and offers excellent visibility and accessibility. The asking price of $1,700,000 translates to $438.71 per square foot. This is a rare chance to acquire a fully operational restaurant with a liquor license and outdoor space in a desirable Philadelphia neighborhood.

    Property Features for 1361 2Nd St

    General Information

    Property type
    Restaurants
    Square Feet
    3,875 SF
    Class
    A

    Building Details

    Year Renovated
    2022
    Buildings
    1

    HighLights

    • $1,700,000 asking price for a vacant 3,875 SF Class A restaurant in Philadelphia, PA.
    • Located at 1361 N 2nd St, Philadelphia, PA 19122.
    • Includes a Pennsylvania R liquor license.
    • Recently renovated in 2022 with updated kitchen, multiple bars, large dining room, and attic storage.
    • Features a 1,000 SF outdoor patio (separate deed).
    • Owner financing considered.
    Property Profile Location Intelligence

    Current Use by Public Records

    Maggie's Mac Restaurant Kona's Cookies Cookie Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.13887434413
    Latitude
    39.972408324462

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    FAQs

    What type of property is this?
    Restaurant - Turn-key restaurant, patio, liquor license.
    Where is this restaurant located?
    The property is located at 1361 2Nd St Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: $1,700,000 asking price for a vacant 3,875 SF Class A restaurant in Philadelphia, PA.; Located at 1361 N 2nd St, Philadelphia, PA 19122.; Includes a Pennsylvania R liquor license.
    Request Owner's contact information
    1361 2Nd St Philadelphia, PA 19122
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    Philadelphia, PA 19122
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1361 2Nd St Philadelphia, PA 19122
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