116-20 S 23rd st

Introducing an exceptional commercial property nestled in the vibrant heart of Fitler Square! This prime establishment currently operates as a well-established bar and restaurant, offering a unique opportunity for entrepreneurs and investors alike.​ Boasting a coveted CMX-4 zoning, transferable liquor License and a prime corner lot, this property opens doors to a diverse range of possibilities.​ Location: Situated in the trendy Fitler Square neighborhood, the property enjoys high foot traffic and proximity to various amenities, making it an ideal spot for businesses seeking visibility and accessibility.​ Usage: Currently operating as a successful bar and restaurant, the space is versatile and can accommodate various business concepts, from upscale dining to trendy nightlife experiences.​ The current owner is also open to moving back in as a tenant.​ Zoning: The property is zoned CMX-4, providing flexibility for a wide array of commercial uses.​ This zoning classification allows for mixed-use development, making it an attractive option for those looking to explore residential and/ or retail opportunities.​ The end use will determine the max height that someone could build.​ Liquor License: A significant advantage is the inclusion of a transferable liquor license, simplifying the process for businesses in the food and beverage industry.​ This valuable asset adds an extra layer of appeal for entrepreneurs looking to capitalize on the thriving hospitality scene.​ Spacious Interior: The property boasts a generously sized interior, providing ample space for creative layout designs and optimal utilization.​ The first floor bar / Restaurant consists of 2,948 sq ft.​ The second and third floors consist of 2 apartments.​ Apartment 1: 2 beds, 2 baths, 2,004 sq ft and is owner occupied but has the rental potential of around $3000/ month.​ Apartment 2 : 2 beds, 2 baths 1,233 sq ft.​ It is currently vacant and a white box, but could have a rental potential of $2500/ month.​ Outdoor Seating Potential: Explore the option to incorporate outdoor seating, creating an inviting atmosphere for patrons to enjoy al fresco dining or drinks.​ Established Clientele: Benefit from an existing customer base, thanks to the property's current operation as a popular bar and restaurant.​ Seller is open to becoming a tenant and still operating the bar/ Restaurant.​ Seize the opportunity to own this prime commercial property in Fitler Square, where the dynamic blend of location, zoning, and a transferable liquor license sets the stage for success.​ Whether you're a seasoned restaurateur, hoteliur, an aspiring entrepreneur, or an investor with a keen eye for prime real estate, this property promises a gateway to a thriving business venture.​ Act now and be part of the flourishing commercial landscape in one of Philadelphia's most sought-after neighborhoods! PLEASE REACH OUT TO LEARN MORE ABOUT ADDITIONAL NEIGHBORING PARCELS AVAILABLE AND FEASIBILITY.​

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  Zoned CMX-4 with rights to build 5 stories. However, there is potential to go higher depending on the end use with City Bonuses.

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  Transferrable Liquor License

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  Great Location.

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  High foot traffic

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  Current owner is willing to move back in as a tenant.

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  ADDITIONAL NEIGHBORING PARCELS AVAILABLE, PLEASE INQUIRE FOR MORE INFO.