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    1141 Pine St Philadelphia, PA 19107

    For Sale
    Contact for pricing

    Established eatery, liquor license included.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional turnkey restaurant opportunity is located at 1141-1143 Pine Street in Philadelphia's vibrant Washington Square West neighborhood. Built in 1900, this beautifully maintained, dual-storefront property boasts historic charm blended with modern amenities. The classic brick exterior and large windows create an inviting atmosphere, while the interior features original architectural details alongside updated restaurant essentials. The property includes two levels of seating, a spacious bar area, a fully equipped commercial kitchen, and ample storage. A significant advantage is the inclusion of an outdoor dining area, perfect for maximizing revenue during warmer months. This fully operational restaurant benefits from an established reputation and loyal clientele, built on authentic Latin-American cuisine and a lively atmosphere. The property's prime location, situated in a high-traffic area steps from Center City, places it within easy walking distance of major hospitals, Jefferson University, and Rittenhouse Square, ensuring high visibility and foot traffic. This is a rare opportunity to acquire a thriving business in a rapidly growing area, offering significant investment potential for experienced restaurateurs or investors seeking a dynamic commercial space. The property's APN is 882018290. The sale includes the real estate, liquor license, and all furniture, fixtures, and equipment (FF&E).

    Property Features for 1141 Pine St

    General Information

    Property type
    Restaurants

    Building Details

    Year Built
    1900

    HighLights

    • High‑traffic Center City location, steps from Rittenhouse Square, near hospitals and Jefferson University.
    • Historic building with updated restaurant‑ready interior, featuring classic brick exterior and large windows.
    • Turnkey restaurant space with two levels, bar, full commercial kitchen, and ample storage.
    • Includes valuable outdoor dining space.
    • Established restaurant with strong local reputation and existing clientele.
    • Significant investment potential in a growing Philadelphia neighborhood.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixto Restaurante Latin American Restaurant

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Law Firm Nail Salon Clothing Store 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
    -75.161063640377
    Latitude
    39.945194047443

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    FAQs

    What type of property is this?
    Restaurant - Established eatery, liquor license included.
    Where is this restaurant located?
    The property is located at 1141 Pine St Philadelphia, PA.
    What are key features of this property?
    This property features: High-traffic Center City location, steps from Rittenhouse Square, near hospitals and Jefferson University.; Historic building with updated restaurant-ready interior, featuring classic brick exterior and large windows.; Turnkey restaurant space with two levels, bar, full commercial kitchen, and ample storage.
    Request Owner's contact information
    1141 Pine St Philadelphia, PA 19107
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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
    1141 Pine St Philadelphia, PA 19107
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