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    2301 Fairmount Ave Philadelphia, PA 19130

    For Sale
    $1,950,000

    Historic Philly Restaurant, 8180 SF

    Property size:
    8,180 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This iconic three-story, 8,180 square foot restaurant building at 2301 Fairmount Avenue in Philadelphia, Pennsylvania, is offered for sale at $1,950,000. Built in 1900, this single-unit property sits on a 0.08-acre lot and is zoned CMX-2.5. The building features a double-wide first floor with a patio, a second-floor private dining room, and a fully equipped kitchen with a hood and lower-level walk-ins and storage. Previously home to the London Grill, this mixed-use, retail space offers several distinct dining venues, including a classic bar and versatile event spaces. Its prime location in the vibrant Fairmount neighborhood, near the Philadelphia Museum of Art and Franklin Institute, provides easy access to major cultural institutions and transportation routes, including I-76, I-676, and the Benjamin Franklin Bridge. Recently nominated for inclusion in the Philadelphia Register of Historic Places, this property presents a unique opportunity for an owner/user. The price per square foot is $238.

    Property Features for 2301 Fairmount Ave

    General Information

    Property type
    Restaurants
    Square Feet
    8,180 SF
    Lot Size
    3,485 SF

    Building Details

    Year Built
    1900
    Buildings
    1
    Stories
    3
    Units
    1

    HighLights

    • $1,950,000 asking price for this 8,180 SF mixed‑use restaurant building.
    • Located at 2301 Fairmount Ave, Philadelphia, PA 19130, in the vibrant Fairmount neighborhood.
    • Features a fully equipped kitchen, walk‑in coolers, and multiple dining areas including a bar and private event space.
    • Three‑story building on a 0.08‑acre lot, built in 1900, with CMX‑2.5 zoning.
    • Offered as an owner‑user opportunity with a broker co‑op.
    • Previously housed the London Grill restaurant and is nominated for the Philadelphia Register of Historic Places.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.175378754109
    Latitude
    39.967384938246

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    FAQs

    What type of property is this?
    Restaurant - Historic Philly Restaurant, 8180 SF
    Where is this restaurant located?
    The property is located at 2301 Fairmount Ave Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: $1,950,000 asking price for this 8,180 SF mixed-use restaurant building.; Located at 2301 Fairmount Ave, Philadelphia, PA 19130, in the vibrant Fairmount neighborhood.; Features a fully equipped kitchen, walk-in coolers, and multiple dining areas including a bar and private event space.
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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
    2301 Fairmount Ave Philadelphia, PA 19130
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