Coming soon
1706-8 Lombard St
Philadelphia PA, 19146
$2,500,000
$765.93 per sqft
Coming soon
3,264 sqft
Commercial
Built in 2011
Real estate + Liquor License + FF&E
1706-08 Lombard St is located in the sought after area of Rittenhouse Square.
This a rare opportunity to own a fully functional restaurant / bar + property in one of Philadelphia's most vibrant and thriving neighborhoods.
**** Prime Location: **** Situated in a high-traffic area just steps from Center City, this dual storefront property sits along a bustling corridor known for its dining, retail, and entertainment.
Currently Midnight Iris and previously Astral Plane a staple in the area, is a fully operational, move-in-ready restaurant space that includes two levels of seating, a cozy lounge area, 2 bar areas, a fully equipped commercial kitchen, and ample basement storage. The interior is eclectically designed with attention to detail, from its hand carved cherry wood railings to its repurposed vintage doors bar front with glass door handle for hanging your belongings. The interior features contagious character is perfect for transforming the space into your own concept. To top it off the property comes with a spacious 2-bedroom, 2- full bathroom apartment on the 3rd floor, with separate entrance and utilities. Currently owner occupied. Projected rental income of $2500-$3000 a month.
The location is highly walkable and has a walkability score of 98, surrounded by a vibrant mix of residential and commercial properties, and just blocks away from South Street, major hospitals, Jefferson University, and Rittenhouse Square.
**** Investment Potential: **** Whether you're an experienced restaurateur or an investor looking for a dynamic commercial space, this property offers significant upside potential. The Rittenhouse area of Philadelphia is mecca for tourism and continues to grow, attracting both residents and visitors seeking unique dining experiences.
With its unbeatable location, neighborhood notoriety, and Approx 3300 sq ft of building space, this property is an ideal opportunity for anyone looking to own or invest in Philadelphia's thriving restaurant scene.
PAPH2406144
MLSⓇ ID
October 21, 2024
Listed
October 22, 2024
Updated
Map
1706-8 Lombard St
Philadelphia PA, 19146
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central, Natural Gas
Exterior/Building Features
Lot Size
0.03 Acres
Sewer
Public Sewer
Other Property Details
Area Name
PHILADELPHIA
Taxes
$14,368
Tax Frequency
Annually
Garage
No
Parking
On Street
View
No
County
PHILADELPHIA
Water Source
Public
Pool
No
Listed by Keller Williams Main Line
Listing Contact: 2153277057
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Data last updated on 10/22/2024 at 10:41 AM UTC