5300 Market Street Philadelphia, PA $ 1,200,000
5300 Market Street
$ 1,200,000
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5300 Market Street

Philadelphia, PA, 19139
$ 1,200,000
Baths0.0 Sq 5,964

Monthly Estimate*

$ 7,976

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Studio

Commercial Property for sale in Philadelphia, PA

for $1,200,000. This 5,964 square foot building was built in 1925 on a lot size of 0.07.

This is the commercial building that you have been waiting on....!!!!!! Here you have a tremendous opportunity to make something amazing! The font of the building has an established bar that has been in business for years and there is, of course, an opportunity to expand the bar business even more. Attached to the bar there is a great set up that could be easily turned into a major money maker. The kitchen is already in place with added space to add another bar set up or take out. In this specific area you could complete the construction of the table booths and by adding tables in the middle of the floor you are looking at a great sized restaurant that has a separate entrance from the front bar. The 1st floor has a maximum capacity of 285 people per the fire code. If that is not enough for you, there is even more opportunity with this building. The 2nd floor there is the perfect space to create a banquet hall/catering event area or a separate private speakeasy or fine dining establishment. The 2nd floor has a separate door for guests to come and go! Also, on the 2nd floor you the capacity to entertain 224 people which create an amazing opportunity to own a building that can almost hold 500 people at a time. Meaning this building can accommodate large or small gatherings weddings, corporate events, parties, etc. It has untapped potential for Investors looking to develop the property for many other uses. The seller is also including the liquor license with the sale of the building. This is a great location in a neighborhood flourishing with transportation and development! This 2-story, commercial, mixed-use corner property, located in West Philadelphia, is the perfect investment opportunity for those looking to own a prime piece of real estate in a developing neighborhood. This corner property boasts a prime location and there is more. This commercial building is also approved for 5 levels going upwards. This means that you can tear down the building and build new homes or keep the 1st level and add residential living on top of the bar/restaurant. You will be steps away from neighborhood restaurants, cafes, shops, and public transportation, as well as University City, Center City and the Philadelphia suburbs. Whether you are an investor looking to expand your portfolio or a small business owner searching for the perfect space to call your own, this 2-story property is sure to impress. Don't miss your chance to own a piece of West Philadelphia's thriving real estate market!

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Commercial Active

Price

$ 1,200,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 5,194

Style

Restaurant/Bar

Lot Size

0.07

Year Built

1925

Town/City

Philadelphia

County/Region

Philadelphia

MLS | Web ID

PAPH2344966

Features
Interior
Heating Fuel Electric
Hot Water Electric
Heating Y/N Y
Street Suffix STREET
Central Air Y/N N
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General
Sewer Public Sewer
Heating Other
Cooling Ductless/Mini-Split
Possession Immediate
Zoning CMX2
Construction Materials Masonry
Year Built 1925
Property SubType Services
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality PHILADELPHIA
Business Type Restaurant/Bar
Accessibility None
County PHILADELPHIA
New Construction N
Property Type Commercial Sale
Subdivision Name WEST PHILADELPHIA
Water Access Y/N N
Status ACTIVE
Directions From Lancaster Ave turn onto 54th St and then left onto Market St
City PHILADELPHIA
Buyer Agent Compensation 2.5
MLS Area 19139 (19139)
Lot Size Square Feet 2921.00
Waterfront Y/N N
Street Name MARKET
Tax Annual Amount 5194.0
Price Per Sq Ft Total 201.21
Acceptable Financing Cash Conventional
Vacation Rental Y/N N
Days on Market 30
Standard Status Active
Year Built Source Assessor
Tax Lot 265
Buyer Agent Compensation Type % Of Gross
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Exterior
Water Source Public
Type of Parking None
Water View Y/N N
Building Area Total 5964.00
Lot Dimensions 35.00 x 83.00
Lot Size Acres 0.07
Lot Size Units Square Feet
Lot Size Source Estimated
Road Responsibility State
Land Assessed Value 74218.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 5300
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* Excluded Features
List By
Exp Realty, Llc

Broker

gotochris@comcast.net

Email

Affordability Calculator

$8,408
Per Month
95%
5%
0%
Monthly Principal & Interest
$7,976
Monthly Property Taxes
$433
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/19/2024$1,200,000 Listed Price

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5300 Market Street, Philadelphia, PA, 19139 is a Commercial Property for sale at $1,200,000 with 5,964 sqft and a lot size of 0.07. 5300 Market Street is a studio with 0.0 baths and was built in 1925. The property's zip code is 19139 which is in Philadelphia, PA