1647 N 2nd St - Loft/Creative Space FOR SALE


Philadelphia, PA 19122- Olde Kensington
$2,200,000 USD
215-431-5652
1647 N 2nd St, Philadelphia, PA for Sale
$2,200,000 USD
Loft/Creative Space - FOR SALE
1/15
null | Request Cap Rate

NEW


1647 N 2nd St
Philadelphia, PA 19122
Olde Kensington


OVERVIEW

Prime Bar & Restaurant Opportunity — Heart of Old Kensington 1647 N 2nd Street, Philadelphia Located in the center of one of Philadelphia’s fastest-growing neighborhoods, this fully built-out three-story bar, restaurant, and event venue offers a rare turnkey opportunity. Surrounded by significant new multi-family developments and consistent pedestrian activity, the property provides outstanding visibility, accessibility, and operational versatility. The building is fully ADA compliant, complete with a commercial elevator servicing all floors. Liquor License included. Property Highlights Three floors of finished commercial space Liquor License included Full ADA accessibility with commercial elevator Full commercial kitchen + dedicated dishwashing room Walk-in cooler + multiple commercial refrigeration units Three full bars (one on each floor) Third-floor private event space Hardwood, tile, and custom woodworking throughout Rear stairwell for operational flow Third Floor — Event Space A fully equipped private event venue featuring: Full bar Attic-air commercial refrigeration Dishwasher equipment Full plumbing Two bathrooms Direct elevator access Perfect for private parties, corporate events, or specialty programming. Second Floor — Restaurant & Bar A beautifully appointed restaurant level offering: Full bar with custom woodworking and built-ins Beer taps, commercial refrigeration, and dishwasher Royal espresso machine Two full bathrooms Hardwood and tile flooring blend Elevator access Ideal for elevated dining or hybrid bar concepts. First Floor — Bar & Full Kitchen Street-level entry into a welcoming bar area with: Full bar with plumbing Custom wrap-around booth seating Rear stairwell access Commercial Kitchen Includes: Two Imperial fryers Radiance cooktop and griddle Continental cold-storage units Stainless steel prep and service stations Full plumbing Refrigeration & Support Areas: American Panel walk-in cooler Continental commercial refrigerator Dedicated dishwashing room Lower-level bathroom Summary This property offers an exceptional turnkey opportunity in Old Kensington: a fully equipped, multi-floor bar, restaurant, and event venue with premium finishes, a complete kitchen, three bars, ADA accessibility, and strong surrounding residential density. Ideal for operators seeking a high-performance space in one of Philadelphia’s most in-demand neighborhoods.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$468 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1915

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

CMX1

APN/PARCEL ID

183105900

ASK ABOUT THIS PROPERTY

Alex PrinceTCS Management ServicesMore Info
215-431-5652

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Alex PrinceTCS Management ServicesMore Info
215-431-5652

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