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The Chateau / The Billionaire Club 2154 Bridge St 15,327 SF 100% Leased Retail Building Philadelphia, PA 19124 $3,500,000 ($228.36/SF)

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INVESTMENT HIGHLIGHTS

  • Conveniently located at the Bridge St exit of the route 95 expressway and only 10 minutes away from downtown Philly.
  • There are 2 available parking lots, one at either side of the building, and an additional lot included at 2166-68 Granite which is 3360 sqft.

EXECUTIVE SUMMARY

Rare opportunity to own a spectacular 600 + seat versatile property that serves many uses including restaurant / nightclub. Purchase price includes liquor license, all restaurant furniture, fixtures and equipment. Conveniently l2ocated at the Bridge St exit of the route 95 expressway and only 10 minutes away from downtown Philly, this 15, 213 sq.ft. commercial property is one of the Philadelphia's most luxurious restaurant / bars. The Chateau was a long standing business, which started 57 years ago and has been a family run organization since. Throughout the middle of the 19th century, the building served as the Erie social club- bringing acts such as The Rat Pack and Tony Bennet to Philadelphia audiences. It then became Cozy Morely's Erie Social before becoming the Chateau as people have known it over the years. Its new owners have upgraded the building and coined it 'The Billionaire Club'. There are two ballrooms / dining rooms, each elegantly draped and complete with a dining area, a buffet area, and dance floor. The building also has 2 on premise, equipped commercial kitchen areas, allowing for a variety of different business opportunities for potential buyers. The main entrance off Tulip St. leads to a hostess stand and cocktail lounge with full bar. The dining hall boasts some of the city's most unique furniture and wall art - all custom designed by the current owner. The DJ booth and dance floor provide for an evening cocktail lounge / dance club setting. There is access to a service area here as well for staff to communicate with the kitchen and a bus area for dishware. In this area you will also find the centrally located and beautifully designed bathrooms. Behind the service area is a full commercially equipped kitchen with staff access to both the dining area and ballroom. Continuing through the cocktail lounge, you will find the ballroom with stage. The ballroom is in the process of renovation including imported, European white tile floors (large slab), raising the ceiling, and 3 new Commercial HVAC units. Behind the main stage is the entertainment equipment control room. There is also a large storage room here for laundry, dry storage, and liquor. The second entrance off the small side parking lot at the corner of Bridge and Tulip leads to the business offices to the right. Above the office area, there is a staircase leading to a 1 bedroom/1 bath living area complete with living room/kitchen area and an office. On the opposite side of the building and upstairs, you will find a private lounge for your exclusive VIP guests complete with full bar area. There are 2 available parking lots, one at either side of the building, and an additional lot included at 2166-68 Granite which is 3360 sqft. This property has fantastic potential for its next owner. Be sure to contact today for more information! Additional information on upgrades is located in the attachments to the listing.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Building Size
15,327 SF
Building Class
C
Year Built/Renovated
1920/2022
Price
$3,500,000
Price Per SF
$228.36
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.69
Lot Size
0.51 AC
Zoning
CMX2 - Commercial Mixed Used
Parking
40 Spaces (2.61 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Blink Fitness
ShopRite
PNC Bank
Truist
Philly Pretzel Factory

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
882073425
Land Assessment
$214,392
Improvements Assessment
$857,608
Total Assessment
$1,072,000
  • Listing ID: 27361453

  • Date on Market: 12/21/2022

  • Last Updated:

  • Address: 2154 Bridge St, Philadelphia, PA 19124

Contact the Sale Advisor

The Chateau / The Billionaire Club | 2154 Bridge St

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