430 South StPhiladelphia, PA 19147

For Sale
$1,400,000

Turn-key bar & restaurant, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
93
This thriving Philadelphia bar and restaurant, located at 430 South Street, is offered for sale at $1,400,000. This 4,050 square foot, three-story building, constructed in 1940 and extensively renovated in 2020, presents a unique investment opportunity. The property boasts a 100% occupancy rate and includes all fixtures, equipment, and a valuable liquor license. The main floor features a 15-seat bar with 20 taps, 32 high-top seats, and a kitchen equipped with a 15-foot hood. Ample storage is available in the basement and upper floors. The building's 2020 renovation encompassed the replacement of HVAC systems, most furniture, fixtures, and equipment (FF&E), flooring, lighting, the audio-visual system, and the point-of-sale (POS) system. A significant value-add opportunity exists by restoring the egress to reactivate the second-floor bar and performance area. This corner property sits on a vibrant stretch of South Street, known for its retail, restaurant, and nightlife scene. The property is classified as a Class B retail building, operating as a single-unit tenancy. This is a rare chance to acquire a fully operational, established business with significant upside potential in a high-demand location.

Highlights

  • $1,400,000 asking price for a turn-key bar and restaurant.
  • Rare corner property on South Street, Philadelphia, a vibrant retail and entertainment district.
  • Includes a 15-seat bar, 20 taps, 32 high-top seats, and a kitchen with a 15' hood, plus ample basement and upper floor storage.
  • Value-add opportunity: Reactivate the second-floor bar and performance area by addressing egress issues.
  • Substantial renovations in 2020, including HVAC, FF&E, flooring, lighting, AV, and POS systems.

Property Details for 430 South St

Property type
Other retail properties, Restaurants
Square Feet
4,050 SF
Class
B
Year Built/Renovated
1940/2020
Buildings
1
Stories
3
Units
1

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
39.9416306
Longitude
-75.1503319
430 South St, Philadelphia, Pennsylvania

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430 South St
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