2048 Sansom StPhiladelphia, PA 19103

Property Details for 2048 Sansom St

Year built

1915

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.02 AC

Property size (Sq ft)

1,800 SF

Zone code

CMX4

Property type

Retail properties

Property subtype

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

• CAP approach

  CAP return

  Valuation

  6%

  $852,406

  6.5%

  $786,836

  7%

  $730,633

• Comparable approach

  Method

  Valuation

  Relative Method

  $592,674

  Geo Method

  $592,674

• Alternative Use

  Use

  Valuation

  Residential

  $663,726

  Hospitality

  $607,969

  Educational

  $505,823

  Medical

  $523,219

  Retail

  $786,836

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9514

Longitude

-75.1751

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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