3749-51 Midvale AvePhiladelphia, PA 19129

Property Details for 3749-51 Midvale Ave

Year built

1920

Property size (Sq ft)

4,550 SF

Property type

Retail properties

Property subtype

Bars

Description

This exceptional turnkey restaurant and bar opportunity in Philadelphia, PA, is situated at 3749-51 Midvale Ave, within a 2,828 sq ft lot. The 4,550 sq ft, two-story building, constructed in 1920, boasts a fully equipped commercial kitchen featuring an 11' hood and two walk-in coolers. The interior comfortably seats 66 patrons, complemented by a 16-seat outdoor patio. The property includes one first-floor bar and ample restroom facilities: one ADA-compliant restroom on the first floor and two additional restrooms on the second floor. Additional outdoor space includes a front patio and a rear deck accessible from the second floor. The building features hardwood and tile flooring, gas forced hot air heating, gas domestic hot water, gas cooking, and central air conditioning. Recent renovations encompass new electrical, plumbing, and mechanical systems. The property is zoned CMX-2.5 and has a 2024 real estate tax assessment of $379,300, with taxes totaling $5,309. The asking price of $1,395,000 includes real estate ($990,000), fixtures, furniture, and equipment ($225,000), and a liquor license ($180,000). This presents a unique opportunity for immediate operation and significant growth potential. The street frontage measures 38' on Midvale Avenue.

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

40.0093

Longitude

-75.1939

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