5300-02 MARKET ST, Philadelphia, PA 19139
5300-02 MARKET ST, Philadelphia, PA 19139
5300-02 MARKET ST, Philadelphia, PA 19139
5300-02 MARKET ST, Philadelphia, PA 19139
5300-02 MARKET ST, Philadelphia, PA 19139
5300-02 MARKET ST, Philadelphia, PA 19139
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Janell McIlwain

Janell McIlwain

+1(240) 416-9121
Listed by Chris Griswold • EXP Realty, LLC
$ 1,200,000
Est. payment | /mo

2,921 Sqft Lot

Save
$ 1,200,000
Est. payment | /mo
Save

2,921 Sqft Lot

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID PAPH2628354

Year Built 1925

Annual Tax Amount $5,147

Tax Year 2025

Lot Size 2,921 Sqft

Acres 0.07

Lot Dimensions 35.00 x 83.00

Property Sub-Type Mixed Use

Source BRIGHT

Property Description

Are you looking for that once in a lifetime opportunity..???? Here you have an AMAZING opportunity because this one comes with a commercial zoning of CMX2. As you know this is the zoning that you want if you are looking to develop or expand in the area. There are several new buildings and New Construction opprtunities going up all over the area. This building is in a prime location that has a lot of traffic which will create great exposure for a future business opportunity. If you are looking to build a luxury apartment building, townhouses or condos here you tremendous opportunity to make something amazing! The front of the building has an established bar that has been in business for years and there is, of course, an opportunity to expand the bar business even more. Attached to the bar there is a lounge area that could be easily turned into a major money maker. The 1st floor has a maximum capacity of 285 people per the fire code. If that is not enough for you, there is even more opportunity with this building. The 2nd floor has the perfect space to create a banquet hall/catering event area or a separate private speakeasy or fine dining establishment. The 2nd floor has a separate door for guests to come and go! Also, on the 2nd floor you the capacity to entertain 224 people which create an amazing opportunity to own a building that can almost hold 500 people at a time. Meaning this building can accommodate large or small gatherings – weddings, corporate events, parties, etc. It has untapped potential for Investors looking to develop the property for many other uses. This is a great location in a neighborhood flourishing with transportation and development! This 2-story, commercial (CMX2 zoned), mixed-use corner property, located in West Philadelphia, is the perfect investment opportunity for those looking to own a prime piece of real estate in a developing neighborhood. This corner property boasts a prime location and there is more. This commercial building is also approved for 5 levels going upwards. This means that you can tear down the building and build new homes or keep the 1st level and add residential living on top of the bar/restaurant. You will be steps away from neighborhood restaurants, cafes, shops, and public transportation, as well as University City, Center City and the Philadelphia suburbs. Whether you are an investor looking to expand your portfolio or a small business owner searching for the perfect space to call your own, this 2-story property is sure to impress. Don't miss your chance to own a piece of West Philadelphia's thriving real estate market!

Location

State PA

County Philadelphia

Area 19139 (19139)

Zoning CMX2

Interior

Hot Water Natural Gas

Heating Other

Cooling Ductless/Mini-Split

Heat Source Electric

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 882573005

Ownership Fee Simple

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Financing Cash,Conventional,Other

Special Listing Condition Standard

Bright MLS (BMLS)
Nearby Locations
Janell McIlwain
Janell McIlwain

Broker Associate | License ID: 594917 0225250514 SP200201530

+1(240) 416-9121 | janellsellshomes@gmail.com

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5300-02 MARKET ST