Larry Levin, Realtor

947 Federal Street , Philadelphia, PA 19147

$750,000
  • 947 Federal Street , Philadelphia, PA 19147 Main Photo

13 Total Photos [Click to View All]

New to the Market ACTIVE
MLS#PAPH2654798
STATUSACTIVE PROPERTY TYPECommercial - Farm SUBDIVISIONBELLA VISTA SCHOOLTHE SCHOOL DISTRICT OF PHILADELPHIA

Property Description

Incredible opportunity to acquire a turnkey commercial property in the vibrant Italian Market area, situated on a high-visibility corner just two blocks from Pat’s & Geno's and directly across from Capitolo Playground. This owner-occupied, 40-45 seat restaurant space features a fully equipped kitchen (exhaust hood, multiple refrigeration boxes, freezers) and relatively new A/C throughout the first floor. Storage, utilities, and bathroom are located on lower level. The building offers massive upside potential, with the ability to build up an additional two floors. The expansive basement provides endless storage and houses the utilities. Perfect for a variety of concepts including fine dining, a bar/restaurant, café, coffeeshop, or a catering hub with legal eat-in and take-out uses. Seamless operations are supported by two dedicated front loading zones for deliveries. and pick ups Property previously held a liquor license; the buyer will need to obtain their own. Don't miss out on securing a footprint in one of Philly's most resilient commercial corridors. 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 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.

947 Federal Street | MLS# PAPH2654798

This commercial property located at 947 Federal Street , Philadelphia, PA 19147 is currently listed for sale with an asking price of $750,000. Federal Street is located within the THE SCHOOL DISTRICT OF PHILADELPHIA school district. Search Philadelphia real estate on www.livelovephilly.com today.

Property Features

Property Type: Commercial - Farm
Cooling: Multi Units
Fuel Type: Natural Gas
Heating: Forced Air
Lot Size: 0.02 Acres
Taxes: $4,613
Year Built: 1915

Feature Descriptions

Accessibility: Ramp - Main Level
Days on Site: 3
Exterior: Masonry
Location: Corner Lot/Unit
Lot Dimensions: 0.02 Acre(S)
Municipality: PHILADELPHIA
Sewer: Public Sewer
Special View Info: Park/Greenbelt, Street
Total Garage/Parking Spaces: 0
Utilities: Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Water: Public

Local Schools

School District: THE SCHOOL DISTRICT OF PHILADELPHIA

Listed By / Shown By

Listed By

Agency Name: BHHS Fox & Roach-Center City Walnut
Agency Phone: 2156276005

Shown By

Agent Name: Larry Levin
Agent Phone: Cell: (267) 808-6565
Agency Title: RealtyMark

IDX logo

Login to My Homefinder