For Sale
$1,599,000

2048 Sansom StPhiladelphia, PA 19103

Turnkey Restaurant, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fully equipped, three-story restaurant in Philadelphia's vibrant Center City. Located at 2048 Sansom Street, this 2,250 square foot establishment sits on a 0.02-acre lot and boasts a strong reputation, having operated successfully for 27 years. The property, built in 1915, is zoned CMX-4 and includes all existing furniture and equipment, offering a true turnkey operation. Its prime location in Rittenhouse Square provides high visibility and accessibility, benefiting from excellent public transportation and pedestrian traffic. The surrounding area features a mix of high-end retailers, boutiques, art galleries, and diverse dining options, creating a thriving commercial corridor. This well-established restaurant has received accolades including OpenTable's Diners' Choice Award (2023) and Nextdoor's Neighborhood Favorite Award (2020), demonstrating its consistent popularity and profitability. The asking price is $1,599,000, translating to $710.67 per square foot. This presents a rare opportunity to acquire a profitable, established business and prime real estate in a highly desirable location. The property's Class C designation reflects its age and potential for future upgrades or renovations.

Highlights

  • Prime Center City, Philadelphia location at 2048 Sansom Street, offering high visibility and access to a vibrant customer base.
  • Established Italian restaurant, Porcini, with a 27-year history and strong reputation for quality.
  • Turnkey operation; sale includes all existing furniture, fixtures, and equipment.
  • Proven profitability over 27 years, making it a secure investment opportunity.
  • Excellent accessibility via public transportation and pedestrian traffic in Rittenhouse Square.
  • Recipient of OpenTable's Diners' Choice Award (2023) and Nextdoor's Neighborhood Favorite Award (2020).

Property Details for 2048 Sansom St

Property type
Retail properties, Restaurants
Square Feet
2,250 SF
Class
C
Year Built
1915
Stories
3
Lot Size (sq. ft)
871 SF

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
39.951478749838
Longitude
-75.175085576919
2048 Sansom St, Philadelphia, Pennsylvania

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2048 Sansom St
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