Liquor License + FF&E (Property is NOT included) 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 business in one of Philadelphia's most vibrant and thriving neighborhoods. **** Prime Location: **** Situated in a… Read More 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. The location is highly walkable and has a walkability score of 99, 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: **** If you're an experienced restaurateur 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. 3,300 sq ft of leasable retail space, this property is an ideal opportunity for anyone looking to open a restaurant / bar in Philadelphia's thriving restaurant scene. Read Less
Courtesy of John Nolano, Keller Williams Main Line [email protected]
Listing Snapshot
Days Online
323
Last Updated
Property Type
Mixed Use
Square Ft.
3,264
Lot Size
0.03 Acres
Year Built
2011
MLS Number
PAPH2406136
30 Days Snapshot Of 19146
$518k
+4%
(avg) sold price
39
-38%
homes sold
54
+25%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Negotiable
Building
2,500 approximate retail sqft, 3,264 total building sqft, Built in 2011, Seating Capacity: 120, Basement, Exhaust System, Fire Alarm, Kitchen, Public Restrooms, Refrigerator(s), Shelving, Walk-In Box, Storage, Masonry
Heating
Natural Gas, Central
Lot
1,254 sqft, Lot Size Dimensions: 33.00 x 38.00, 0.03 acres
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