Turnkey Corner Restaurant
For Sale
$750,000
947 FEDERAL STREET, Philadelphia, PA 19147
Owner-occupied restaurant with a fully equipped kitchen, 40–45 seats, and two dedicated front loading delivery zones.
Property Size963 SF
Price / SF$778.82
Days on Market79
Property Features for 947 FEDERAL STREET
General Information
Standard status
Active
Size
963 SF
Property subtype
Commercial
Building Details
Year Built
1915
Listing Agency:
BHHS Fox & Roach-Center City Walnut
(215) 627-6005
Listed By:
Gregory J Damis · License #RS153011A
(215) 440-2096
Source:
Cummingsrealtors
Added: Jun 23
Changed: Sep 8
Last Checked: Sep 9 at 6:16AM
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 BHHS Fox & Roach-Center City Walnut
Investment Insights
Based on property information with market context.
Turnkey, owner-occupied restaurant space built for immediate operation, offering seating for approximately 40–45 guests. The first floor includes a fully equipped kitchen with an exhaust hood and multiple refrigeration boxes and freezers, supported by relatively new A/C. Storage, utilities, and a bathroom are located on the lower level, with an expansive basement providing additional storage and housing utilities. The property also features two dedicated front loading zones for deliveries.
Set on a high-visibility corner in the Italian Market area, the building is two blocks from Pat’s & Geno’s and directly across from Capitolo Playground.
The prior use included a liquor license, and a buyer would need to obtain their own. The seller also notes the ability to build up an additional two floors. The property has been described as suitable for legal eat-in and take-out operations, with concepts including a fine dining restaurant, bar/restaurant, café, coffee shop, or catering hub.
Set on a high-visibility corner in the Italian Market area, the building is two blocks from Pat’s & Geno’s and directly across from Capitolo Playground.
The prior use included a liquor license, and a buyer would need to obtain their own. The seller also notes the ability to build up an additional two floors. The property has been described as suitable for legal eat-in and take-out operations, with concepts including a fine dining restaurant, bar/restaurant, café, coffee shop, or catering hub.
Key Highlights
- Owner‑occupied restaurant space with 40–45 seats in the Italian Market area
- Fully equipped kitchen includes exhaust hood, multiple refrigeration boxes, and freezers
- Relatively new A/C throughout the first floor
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,827
Businesses Nearby
99k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 46%
Groceries 40%
Dining 13%
Electronics 1%
ACME Markets
Groceries
32,911 visits/mo
0.2 miles
Sunoco
Shops & Services
16,488 visits/mo
0.2 miles
Lukoil
Shops & Services
12,955 visits/mo
0.4 miles
7-Eleven
Shops & Services
9,824 visits/mo
0.2 miles
Fine Wine & Good Spirits
Groceries
7,090 visits/mo
0.1 miles
Demographics for 19147, PA
41,096
Population
20,735
Households
2
Avg Household Size
36
Median Age
69%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
31,612
Density / Sq Mi
$104,190
Median Household Income
$71,905
Median Earnings
$1,679
Median Rent
$524,900
Median Home Value
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Market
Vacancy Rate% for Retail in Philadelphia, PA
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Owner-occupied restaurant with a fully equipped kitchen, 40–45 seats, and two dedicated front loading delivery zones.
Where is this conventional restaurant located?
The property is located at 947 FEDERAL STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Owner‑occupied restaurant space with 40–45 seats in the Italian Market area; Fully equipped kitchen includes exhaust hood, multiple refrigeration boxes, and freezers; Relatively new A/C throughout the first floor
