947 FEDERAL ST, Philadelphia, PA 19147
947 FEDERAL ST, Philadelphia, PA 19147
947 FEDERAL ST, Philadelphia, PA 19147
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Listed by Greg Damis • BHHS Fox & Roach-Center City Walnut
$750,000
Est. payment /mo
963 Sqft Lot
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Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Subdivision Bella Vista

MLS Listing ID PAPH2654798

Year Built 1915

Annual Tax Amount $4,613

Tax Year 2023

Lot Size 963 Sqft

Acres 0.02

Property Sub-Type Retail

Source BRIGHT

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.

Location

State PA

County Philadelphia

Area 19147 (19147)

Zoning RSA5

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Multi Units

Inclusions Kitchen equipment, 10 refrigerator cases, 3 freezer boxes, clothes washer

Heat Source Natural Gas

Exterior

Utilities Available Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

Water Access N

View Park/Greenbelt, Street

Accessibility Ramp - Main Level

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 882933136

Ownership Fee Simple

Special Listing Condition Standard


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Carol Jones

Carol Jones

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