228-232 South St, PHILADELPHIA, PA 19147

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Zestimate: $1,566,205

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Rent Zestimate: $2,217/mo

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Description
Excellent opportunity for a bar/restaurant at a great corner location on South St (Corner of South & American). Space to be finished and fitted out and is to be leased in as is conditio. Lease space includes all of 1st floor and most of the basement (3,200 sq ft total). Liquor license included in lease (license not for sale). 1st floor has 2,000 sqaure feet to set up seating area and kitchen. Drywall work completed. All rough and some finish electric completed. All rough plumbing completed. Sprinkler system completed. Alarm system. Corner location that would be great for cafe seating. Busy South St location. Leased basement space is about 1,200 sqaure feet which can be used for food prep and storage. TRIPLE NET LEASE Expenses include $667 (Property Taxes) $584 (Insurance) $150 (Center City District Charge) $TBD (Use & Occupancy Tax) Tenant also pays for seperate gas, electric, water, and trash removal Landlord looking for a 5 year lease with option to purchase at $3,000,000  MoreLess
    • CoolingUnknown
    • ParkingUnknown
    • Basement TypeUnknown
    • FireplaceUnknown
    • Floor CoveringUnknown
    • AtticUnknown
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$1,566,205
+$250,020 Last 30 daysd
$924K
$1.79M
Zestimate range
Rent Zestimate What's this?
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A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$2,217/mo
+$424 Last 30 daysd
$732
$4.2K
Zestimate range
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Neighborhood for 228-232 South Street

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Among Old City homes, this home is valued 333.3% more than the midpoint (median) home, and is valued 41.3% more per square foot. Foreclosures will be a factor impacting home values in the next several years. In the Old City market, the number of foreclosures waiting to be sold shrank 12.3% in the last year. The number of unsold foreclosures is 69% lower than in Philadelphia, and 63.4% lower than the national average. This lower local number could help Old City home values rise more quickly than other regions in Philadelphia.

Learn more about forecast calculations or Old City home values.
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    Premier Agents specialize in this area and can get you a market value for this home and answer your questions.

    Are you an agent looking for more exposure for yourself or your listings? Call Zillow at (855) 840-3292

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