947 Federal St - Restaurant FOR SALE


Philadelphia, PA 19147- Bella Vista-Southwark
$750,000 USD
215-440-2095
947 Federal St, Philadelphia, PA for Sale
$750,000 USD
Restaurant - FOR SALE
1/12
null | Request Cap Rate

947 Federal St
Philadelphia, PA 19147
Bella Vista-Southwark


HIGHLIGHTS

  • Turnkey Commercial Restaurant Opportunity with Fully Equipped Commercial Kitchen
  • Exceptional Foot Traffic Located 2 Blocks from Pat's and Geno's
  • Prime Corner Property

OVERVIEW

Positioned in one of Philadelphia’s most iconic and high-traffic culinary destinations, this prime corner property offers unbeatable visibility and endless potential. Located just two blocks from the legendary Pat’s & Geno's and directly across from the bustling Capitolo Playground, this location benefits from an exceptional, built-in stream of foot traffic and neighborhood vibrancy. Currently owner-occupied and operating with a 40-45 seat capacity, the building features a fully equipped commercial kitchen complete with an exhaust hood, extensive refrigeration, and deep-freeze storage. The space is entirely move-in ready for a restaurateur, boasting relatively new, high-efficiency A/C equipment throughout the first floor. Storage, utilities and bathroom are located on the lower level. Unparalleled Development Potential: A rare one-story building with a full basement, structurally primed for a two-story vertical expansion to maximize your footprint or add residential/commercial rental income. Turnkey Infrastructure: Fully loaded basement dedicated to utilities and massive storage capacity. Two dedicated loading zones directly out front make deliveries and high-volume takeout a breeze. Versatile Zoning & Licensing: Previously held a liquor license (buyer to obtain their own), making it a seamless transition for a vibrant bar/restaurant, high-end fine dining, a trendy café, or a high-volume catering and takeout hub. Bring your vision to a neighborhood synonymous with Philadelphia food culture! Business not included. Liquor license not included. Furniture not included, bar negotiable.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$429 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1915

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

10th St

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

RSA5

APN/PARCEL ID

882933136

ASK ABOUT THIS PROPERTY

Gregory DamisBerkshire Hathaway Fox & Roach - Devon-WayneMore Info
215-440-2095

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Gregory DamisBerkshire Hathaway Fox & Roach - Devon-WayneMore Info
215-440-2095

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