1247-53 N Front St - Restaurant FOR SALE


Philadelphia, PA 19122- Fishtown
$4,800,000 USD
215-813-3784
1247-53 N Front St, Philadelphia, PA for Sale
$4,800,000 USD
Restaurant - FOR SALE
1/8
null | Request Cap Rate

1247-53 N Front St
Philadelphia, PA 19122
Fishtown


HIGHLIGHTS

  • Fully turnkey operation including liquor license, kitchen equipment, bar fixtures, and all FF&E.
  • Three levels of dining with outdoor seating designed for year-round enjoyment.
  • Four fully leased apartments generating over $95,000 in annual revenue.
  • Located in Fishtown, one of Philadelphia’s fastest-growing dining and residential markets.
  • Excellent visibility along N. Front Street with strong pedestrian and vehicle traffic.
  • Steps from transit and surrounded by popular dining, retail, and entertainment venues.

OVERVIEW

1247–52 N. Front Street presents an exceptional opportunity to acquire a fully turn-key, income-producing mixed-use asset in the heart of Fishtown — one of Philadelphia’s most dynamic and sought-after neighborhoods. The offering encompasses the fee-simple real estate, the operating business of Front Street Cafe, a Pennsylvania “R” liquor license, all furniture, fixtures, and equipment (FF&E), and four (4) fully leased residential units. Priced at $4,800,000, this transaction delivers immediate cash flow from multiple revenue streams and significant upside potential for an owner-operator or savvy investor. Front Street Cafe is a well-established Philadelphia dining destination occupying three floors of a character-rich building that perfectly embodies the Fishtown aesthetic. The restaurant features an expansive ground-floor dining room and bar, a second-floor event and dining level, and an expansive outdoor space designed for al fresco dining, private events, and high-volume warm-weather bar service. The outdoor area is a standout amenity in a market where outdoor seating commands premium guest spending and event bookings. The sale includes existing liquor license and all FF&E required for day-one operations — kitchen equipment, bar fixtures, furniture, point-of-sale systems, and more. Complementing the restaurant business, the property includes four (4) fully leased residential units that currently gross $95,400/year in annual revenue, providing stable, diversified rental income that supports the overall investment thesis. Together, the commercial and residential components create a resilient, multi-revenue asset ideally positioned to benefit from Fishtown’s continued residential growth, strong tourism traffic, and world-class dining scene.

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$381 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1915

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,574 SF

ZONING

CMX3

APN/PARCEL ID

871097355

ASK ABOUT THIS PROPERTY

215-813-3784

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215-813-3784

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