2048 Sansom St Philadelphia, PA 19103
- Turn key restaurants
- 1,800 SF
- 0.02 lot acres
Current Use by Public Records
- Porcini / Italian Restaurant / Restaurant
Property Details for 2048 Sansom St
- Year built
- 1915
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.02 lot acres
- Property size
- 1,800 SF
- Zone code
- CMX4
- Property type
- Turn key restaurants
- APN
- 08-2-0515-01
- APU
- 82051501
Description
This exceptional three-story restaurant at 2048 Sansom Street in Philadelphia, PA, presents a unique investment opportunity. Spanning 2,250 square feet on a 0.02-acre lot, this established trattoria boasts a proven track record of success for over 29 years. The main floor comfortably seats approximately 40 guests and features a fully equipped kitchen. A separate staircase leads to the second floor, currently used for additional seating and events, offering versatile potential for expansion or alternative uses. The third floor includes a full bathroom and an outdoor space with stunning Center City and Rittenhouse Square views, perfect for development into a rooftop deck. The basement provides ample storage and restroom facilities. The property's prime location, just blocks from Rittenhouse Square, ensures high visibility and foot traffic. Included in the sale price of $1,599,000 is all existing furniture, kitchen equipment, and the established business with its loyal clientele. This turnkey operation offers immediate revenue generation and significant potential for increased profitability. The current owners have cultivated an upscale dining experience, attracting an elite customer base through exceptional cuisine and personalized service. This is more than just a building
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $240,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $160,000
- 6.5%
- $190,000
- 7%
- $175,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $195,000
- Geo Method
- $190,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $170,000
- Retail
- $210,000
- Mixed-Use
- $200,000
- Hospitality
- $185,000
- Educational
- $195,000
- Residential Income
- $190,000
- Energy
- $175,000
- Income-Based Land
- $175,000
- Food Service
- $175,000
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.1751
- Latitude
- 39.9514
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA