Meg Good - Coldwell Banker Hearthside
601-5 S 2nd St
PHILADELPHIA, PA 19147

$1,950,000

Description

Current operator, Paddywhacks, has just finished the initial 10-year term and is now on a year-to-year lease with no options. He is interested in negotiating an additional 10-year term with the new owner. This property is available along with neighboring building located at 146-148 South Street. This property has been a destination landmark restaurant for several decades. The restaurant boasts a fully fitted out kitchen over multiple levels and a dining area that spans two floors, providing an operator with several venues. Subject to confirmation of existing lease, Liquor License is connected to the building and in-place agreement allows to repurchase license from tenant at end of lease.

Details

MLS#1000323256
StyleIndustrial
Sub-TypeResale
StatusActive
Year1918
Days On Site259

Features

SQ Feet6,555
Story(s)0
ZoningCMX2

Market Activity 19147

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Area Information

StatePA
CityPHILADELPHIA
Zip Code19147
Area19147 (19147)
Listing VS Median (in 19147)
Price:
$1,950,000
low | high
Med:
$322,450
100% of Average
SqFt:
6,555
low | high
Med:
432
100% of Average
$ / SqFt:
$297
low | high
Med:
$188
86.722836259916% of Average
On Site:
259
low | high
Med:
54
100% of Average
Listing Updated: 12/13/2018
MLS Number: 1000323256
Listing Provided By:
Veronica Gintel Blum  of  Mallin Panchelli Nadel Realty Inc

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