1123 Walnut St - Bar FOR SALE


Philadelphia, PA 19107- Midtown Village
$2,930,000 USD
267-357-8057
1123 Walnut St, Philadelphia, PA for Sale
$2,930,000 USD
Bar - FOR SALE
1/13
null | Request Cap Rate

1123 Walnut St
Philadelphia, PA 19107
Midtown Village


HIGHLIGHTS

  • 22 feet of frontage on Walnut Street with great exposure
  • Wonderful outdoor seating
  • Runs straight through to Moravian Street for easy delivery and trash pick-up
  • Includes all Furniture, Fixtures & Equipment of the restaurant
  • Includes 'R' Liquor License
  • Surrounded by Jefferson Hospital and dense population of daytime office workers

OVERVIEW

MPN Realty, Inc., is pleased to exclusively present for sale this mixed-use property and redevelopment opportunity at 1123 Walnut Street. Located on the border of Washington Square West and Midtown Village, this building has been primarily a single-use bar/restaurant for the last 40 years. Surrounded by Jefferson Hospital, a dense population of daytime office workers, and a growing residential population, this heavily trafficked street is busy at all times of day. With 22 feet of frontage on Walnut Street, 1123 Walnut has great exposure and takes advantage of it with wonderful outdoor seating. It is a rare plus to run straight through to Moravian Street, which allows for easy delivery and trash pick-up. As it currently operates, The Hayes is on the first & second floors, with a full bar on each level, and a kitchen in the rear of the first floor. Upstairs is a mix of raw and office space. Included in the sale are all Furniture, Fixtures & Equipment of the restaurant and the “R” Liquor License that is in place. 1123 Walnut is zoned CMX-5, which allows multiple uses with residential above.

FOR SALE DETAILS

PRICE

$2,930,000 USD

PRICE/SF

$432 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

2,926 SF

ZONING

CMX-5

APN/PARCEL ID

882628000

ASK ABOUT THIS PROPERTY

Veronica BlumMPN RealtyMore Info
267-357-8057

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Veronica BlumMPN RealtyMore Info
267-357-8057

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.