1706-8 Lombard Street, Philadelphia, PA 19146-1519 $2,500,000
Coming Soon
Interior Sq. Ft: 3,264
Acreage: 0.03
Age:13 years
Style:
Straight Thru, Traditional
Subdivision: Rittenhouse Square
Design/Type:
End of Row/Townhouse
Description
Real estate + Liquor License + FF&E 1706-08 Lombard St is located in the sought after area of Rittenhouse Square. This a rare opportunity to own a fully functional restaurant / bar + property in one of Philadelphia’s most vibrant and thriving neighborhoods. **** Prime Location: **** Situated in a high-traffic area just steps from Center City, this dual storefront property sits along a bustling corridor known for its dining, retail, and entertainment. Currently Midnight Iris and previously Astral Plane a staple in the area, is a fully operational, move-in-ready restaurant space that includes two levels of seating, a cozy lounge area, 2 bar areas, a fully equipped commercial kitchen, and ample basement storage. The interior is eclectically designed with attention to detail, from its hand carved cherry wood railings to its repurposed vintage doors bar front with glass door handle for hanging your belongings. The interior features contagious character is perfect for transforming the space into your own concept. To top it off the property comes with a spacious 2-bedroom, 2- full bathroom apartment on the 3rd floor, with separate entrance and utilities. Currently owner occupied. Projected rental income of $2500-$3000 a month. The location is highly walkable and has a walkability score of 98, surrounded by a vibrant mix of residential and commercial properties, and just blocks away from South Street, major hospitals, Jefferson University, and Rittenhouse Square. **** Investment Potential: **** Whether you’re an experienced restaurateur or an investor looking for a dynamic commercial space, this property offers significant upside potential. The Rittenhouse area of Philadelphia is mecca for tourism and continues to grow, attracting both residents and visitors seeking unique dining experiences. With its unbeatable location, neighborhood notoriety, and Approx 3300 sq ft of building space, this property is an ideal opportunity for anyone looking to own or invest in Philadelphia’s thriving restaurant scene.
Home Assoc: No
Condo Assoc: No
Basement: Y
Pool: No Pool
Features
Utilities
Central Heating, Natural Gas, Central A/C, Electric, Hot Water - Natural Gas, Public Water, Public Sewer
Garage/Parking
On Street
Interior
2nd Kitchen, Kitchen - Gourmet, Wine Storage, Full Basement, Fully Finished Basement, Exterior Cameras, Security System, Smoke Detector, Surveillance Sys
Exterior
Brick/Mortar Foundation, Stone Foundation, Masonry, Other
Lot
SideYard(s), Urban
Select a school from the following list. Schools are grouped by school type.
The schools on this list are selected by their proximity of up to 5 miles to the property address.
Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.
Public Elementary (130 schools)
Public Middle (22 schools)
Public High (58 schools)
Private (85 schools)
© 2024 LiveBy. All Rights Reserved.
This report is a detailed community overview for Philadelphia (19146), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 30
- Average salary of people in this community: $65,685
Community Summary
- Population Density (ppl / mile): 22,141
- Household Size (ppl): 2.26
- Households w/ Children: 35%
Housing Inventory
- Owned: 9,168 (45.4%)
- Rented: 8,032 (39.7%)
- Vacant: 3,011 (14.9%)
- Total: 20,211
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 3.6%
- Some High School: 5.4%
- High School Graduate: 22.9%
- Some College: 10.8%
- Associate Degree: 3.8%
- Bachelor's Degree: 26.7%
- Graduate Degree: 26.8%
Income by dollar range
Median Income: $69,305
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $978
- One Bedroom: $1,227
- Two Bedroom: $1,580
- Three Bedroom: $1,182
- Four Bedroom: $1,688
© 2024 LiveBy. All Rights Reserved.
Contact Information
Schedule an Appointment to See this Home
Request more information
or call me now at 302-542-1967
Listing Courtesy of: Keller Williams Main Line , (610) 520-0100, info@mainlinekw.com
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
Copyright BRIGHT, All Rights Reserved
Listing data as of 10/23/2024.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.