3,264 SqFt
3,264 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,264 sqft
Price per Sqft $122
Subdivision Rittenhouse Square
MLS Listing ID PAPH2406136
Originating Board BRIGHT
Year Built 2011
Annual Tax Amount $14,368
Tax Year 2024
Lot Size 1,254 Sqft
Acres 0.03
Lot Dimensions 33.00 x 38.00
Property Description
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 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.
Location
State PA
County Philadelphia
Area 19146 (19146)
Zoning RM1
Interior
Hot Water Natural Gas
Heating Central
Inclusions Liquor License & FF&E
Equipment Negotiable
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871137350
Ownership Other
SqFt Source Assessor
Security Features Security System,Smoke Detector,Surveillance Sys,Exterior Cameras
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
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