$224,900

7100 Tulip St

PHILADELPHIA PA, 19135

Description

Amazing opportunity to purchase the former Pasiano's restaurant in Tacony just a few blocks from the Delaware River water front. The business is equipped to seat 90 people. The lower level seats 40 seats and the upper level seats 50. Converting the 2nd level to living space would not be difficult because of the existing bathroom and kitchen. Operator can live on site or rent for approx $1100 for income to help pay operating costs. The kitchen is fully equipped with 15' exhaust hood, fire suppressant system, 2-6 burner stove, stainless double bowel sinks, walk in refrigerated box and more. The restaurant was completely renovated during 2009. This included a new roof, all new windows, custom wood trim, 2nd floor roof deck, and a second kitchen on upper level. The property also has space for a small office for admin/managerial/accounting duties.This building is within walking distance of the recently sold Keystone Lofts (55 unit building just sold for $7.9M), thriving commercial corridors on Torresdale Avenue (Tacony) and Frankford Avenue (Mayfair) and the Delaware Water front. This property is not a part of the new Federal opportunity Zones, but is approx 0.1 mile from the river area which has been included. Other amenities like the expanding Delaware River Trail, Larder's Point Park, multiple supermarkets and a variety of public transportation options (including the Tacony and Holmesburg Regional Rail Stations) and I-95, Route 1 and the bridges to NJ are all in close proximity.As-is sale. All kitchen equipment, furniture, dishes, serving setups, linens etc. are included in the sale. Sale is for the building and all of the equipment.

Details

MLS#PAPH786276
StyleIndustrial
Sub-TypeResale
StatusActive
Year1955
Days On Site187

Features

SQ Feet2,332
Story(s)0
ZoningRSA5

Loading Form

Loading Form

Area Information

StatePA
CityPHILADELPHIA
Zip Code19135
Area19135 (19135)
Listing VS Median (in 19135)
Price:
$224,900
low | high
Med:
$155,000
81.080480213428% of Average
SqFt:
2,332
low | high
Med:
1,061
100% of Average
$ / SqFt:
$96
low | high
Med:
$172
28.223515542396% of Average
On Site:
187
low | high
Med:
110
100% of Average
Listing Updated: 10/16/2019
MLS Number: PAPH786276
Listing Provided By:
Jeffrey J George  of  BHHS Fox Roach-Art Museum