1312 South StPhiladelphia, PA 19147

This exceptional three-story restaurant property at 1312 South Street in Philadelphia, PA, offers 5,358 square feet of space, including a basement. Situated on a 2,550 square foot lot, this CMX2 zoned property boasts significant street visibility and is ideally located near public transportation (Broad Street Subway, bus routes 40, 45, and 12). Currently operating as the well-known Ms. Tootsie's, the property is priced at $1,475,000. Annual real estate taxes are $19,014.88, and insurance is $5,000.00. While the building requires some updating, all existing mechanical systems are functional, presenting a prime opportunity for a quick renovation and relaunch. The property's existing layout includes a restaurant/lounge area, food preparation space, and refrigeration. The asking price includes the existing business. This location offers a unique chance to acquire a well-established restaurant in a high-traffic area.