1700 Fairmount Avenue

    PHILADELPHIA, PA 19130
    • $900,000
    • STATUS: Active
    • ON SITE: 104 days
    • ID#: PAPH509272
    UPDATED: 28 min ago
    $900,000
    • 0
      BEDS
    • 0.03
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Business Opportunity
    Built:
    1940
    County:

    School Ratings & Info

    Description

    **Please note that the Building and Business is selling for $900,000 and all 5 licenses are an additional $300,000 and must be purchased with the building.**1700 Fairmount Avenue is a captivating building that was built in 1968 and completely gutted and renovated in 2001. Today, the building holds a contemporary look with the historic feel. This bar was just placed #7 on the top bars of Fairmount. The basement consists of ample space and is currently being used to store business inventory. 1st Floor consists of an extensive bar followed by a pool table area, 2 spacious updated bathrooms and a vast outdoor enclosed seating area for customers to enjoy food and beverages.2nd Floor consists of a DJ booth, another bar with 2 large TVs, a massive seating area with another 2 large TVs and 2 spacious, updated bathrooms.3rd Floor consists of a 800 sq ft 1 bedroom/1 bathroom apartment with a potential rental income of $1200-$1400 a month. This apartment is currently vacant and move in ready so you can rent it out immediately after settlement!Included in this infrequent buy will be 4 licenses/ permits - Transportation for Hire Class A (delivery), Amusement liquor permit, Restaurant liquor permit, Sunday sales permit. Fairmount is a popular, family friendly neighborhood that continues to reach record breaking growth, and this is your opportunity to be apart of it!

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    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-04-24T17:55:48.853.
    brandywinevalley.fetickteam.com/homes/90712814

    1700 Fairmount Avenue PHILADELPHIA, PA 19130

    • Price: $900,000
    • Status: Active
    • Updated: 28 min ago
    • ID#: PAPH509272
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.03
    Acres
    1940
    Built
    Neighborhood:
    Fairmount
    County:
    Philadelphia
    Area:
    19130 (19130)
    School District:
    The School District Of Philadelphia
    Property Description
    **Please note that the Building and Business is selling for $900,000 and all 5 licenses are an additional $300,000 and must be purchased with the building.**1700 Fairmount Avenue is a captivating building that was built in 1968 and completely gutted and renovated in 2001. Today, the building holds a contemporary look with the historic feel. This bar was just placed #7 on the top bars of Fairmount. The basement consists of ample space and is currently being used to store business inventory. 1st Floor consists of an extensive bar followed by a pool table area, 2 spacious updated bathrooms and a vast outdoor enclosed seating area for customers to enjoy food and beverages.2nd Floor consists of a DJ booth, another bar with 2 large TVs, a massive seating area with another 2 large TVs and 2 spacious, updated bathrooms.3rd Floor consists of a 800 sq ft 1 bedroom/1 bathroom apartment with a potential rental income of $1200-$1400 a month. This apartment is currently vacant and move in ready so you can rent it out immediately after settlement!Included in this infrequent buy will be 4 licenses/ permits - Transportation for Hire Class A (delivery), Amusement liquor permit, Restaurant liquor permit, Sunday sales permit. Fairmount is a popular, family friendly neighborhood that continues to reach record breaking growth, and this is your opportunity to be apart of it!
    Exterior Features

    Construction Materials Masonry Garage YN No Other Structures Above GradeBelow Grade Parking Types None Riparian Rights YN No Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 0 Basement Other Below Grade Finished Area 0 Below Grade Unfinished Area 0 Building Area Total 2580.00 Fireplaces Total 0 Heating Electric Heating YN Yes Leasable Area 800

    Property Features

    Acceptable Financing CashConventionalVa Accessibility Features 2+ Access ExitsRamp - Main Level Association YN No Business Name Mr Jay's Place Business Type Food & Beverage Central Air YN No Cross Street 17th Current Use Beer/Wine/LiquorFood & BeverageMixedResidential Heating Fuel ElectricNatural Gas Hot Water ElectricNatural Gas Incorporated City Name Philadelphia Navigable Water YN N New Construction YN No Original MLSNumber 301287734843 Ownership Interest Other Possession Immediate Property Sub Type Services Purchase Optional YN No Sale Type Standard Sewer Public Sewer Tax Annual Amount 5368.0 Tax Assessment Amount 383500.0 Tax Lot 188 Total Actual Rent 16800.00 Vacation Rental YN No Water Source Public Zoning Cmx2

    Listing courtesy of Keller Williams Philadelphia.
    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-04-24T17:55:48.853.
     
    Keller Williams Realty - Matt Fetick Team
    210 S Mill Rd Suite 104
    Kennett Square PA, 19348