Address
1700 Fairmount Avenue Philadelphia, PA
Price
$ 900,000
Property Attributes
  • MLS#PAPH893840
  • TypeCommercial
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19130
  • Zip19130
  • StyleRestaurant/Bar
  • Year Built1920
  • Taxes$ 5368
  • Price$ 900,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2580
  • Lot Size1,307 SqFt
Listing Provided Courtesy Of:
Keller Williams Real Estate-Blue Bell
Data Source:
Bright MLS - 382 - MD
Property Description

Don't pass up this opportunity to make this charming corner lot your next business opportunity. Built-in 1940, this building was completely gutted and renovated in 2001 shortly after it's previous owner's established Mr. Jay's Place in 1999. This bar features 2 stories of bar space as well as a basement used for inventory and a 3rd-floor apartment. This bar is contemporary while still maintaining a cozy historic feel as the first floor opens to a long wood bar with retro bar stools and a rear pool table area. There are 2 large and modern renovated bathrooms as well as a spacious seating area for in-house dining. The 2nd floor provides an additional dine-in seating area and a DJ booth with 2 additional renovated bathrooms. The apartment on the third floor is a beautiful open concept 1 bedroom, 1 bathroom apartment with wood floors and lots of natural light. This could function perfectly as an owner/manager suite. With proper permits and a variance, you could add a kitchen and additional dining area. There are 3 electric meters. This is an amazing opportunity to be apart of a growing community and a well-loved small business. Sale is As-Is. Mr. Jay's Place has a lot of history, the bar has been around since 1940 in varying iterations. Originally, it was an Irish Tavern called McKean's Tavern, then in 1965 it was Grand Prix Bar, and then in 1999, it became Mr. Jay's Place (Aka Jay's 17th spot by the locals). Mr. Jay's story: Way back in 1999, this family-owned neighborhood bar business was established by Jay Guzman & Family, who are longtime residents of Fairmount and Spring Garden street since 1955. This shot-and-beer joint near 17th Street and Fairmount Avenue is a notable landmark because it's the same spot where American drunkard author and poet Charles Bukowski used to spend his time while living in Philadelphia in the mid-forties. It also served as the inspiration for the Golden Horn, the fictional bar at the center of the Bukowski-penned semi-autobiographical film Barfly. With a gaggle of new bars and restaurants sprouting up in the Fairmount neighborhood in recent months, right now seems like it's as good of a time to visit Mr. Jay's Place. All are welcomed here! Sale does not include Liquor license

Price History
5/11/2020 Listed $900,000

General Features

Accessibility 2+ Access Exits, Ramp - Main Level
Business Type Restaurant/Bar
Construction Materials Masonry
Cool Fuel Electric
Cooling Central A/C, Air Purification System
County PHILADELPHIA
Days on Market 446
Electric Expense 7000.00
Exclusions Yard, Furniture, Personal Items in Bar.
Flooring Ceramic Tile, Hardwood
Heating Forced Air, Baseboard - Electric
MLS Area 19130 (19130)
Municipality PHILADELPHIA
New Construction No
Ownership Fee Simple
Possession Negotiable
Price Per Sq Ft 348.84
Property SubType Mixed Use
Property Type Commercial Sale
Property Use Owner User
PropertyCondition Good, Very Good
Security Features Electric Alarm, Exterior Cameras, Fire Detection System, Monitored, Motion Detectors, Smoke Detector
Sewer Public Sewer
Tax Annual Amount 5368.0
Tax Lot 188
Tax Year 2021
Trash Expense 3000.00
Vacation Rental Y/N No
Water Access Y/N No
Zoning CMX2

Interior Features

Central Air Y/N Yes
Heating Fuel Natural Gas, Electric
Heating Y/N Yes
Hot Water Electric

Exterior Features

Building Area Total 2580.00
Inclusions Business, Real Estate, and Current Inventory
Lot Dimensions 15.00 x 88.00
Lot Size Acres 0.03
Lot Size Source Assessor
Lot Size Square Feet 1320.00
Navigable Water Y/N No
Type of Parking None
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 19130

Price
AVG $830K
$900K
Taxes
AVG $7,364
$5,368
Visits
AVG 122
121
Year Built
AVG 1930
1920
Walkscore
AVG 90
90
Data Provided by Walkscore ® not using MLS data

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