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3862-3864 Terrace St 4,989 SF 100% Leased Retail Building Philadelphia, PA 19128 $950,000 ($190.42/SF)



INVESTMENT HIGHLIGHTS
- Famous Manayunk
- Large dining room and kitchen
- Business and apartment above
EXECUTIVE SUMMARY
Turn-Key Breakfast & Lunch Restaurant Opportunity. This is a fully built-out, turn-key breakfast and lunch restaurant located in a high-visibility space with a large dining room and efficient layout. Upon entry, guests are welcomed into a spacious dining area featuring fast, convenient keypad ordering systems and ample seating. The front of the restaurant includes large display counters, while coffee and beverage preparation areas are positioned behind the counters for efficient service. To the right side of the space, there is a dedicated office and storage room. On the left, the restaurant offers two ADA-compliant bathrooms. The layout provides plenty of room for dining tables and customer comfort. Toward the back, the property features a fully equipped commercial kitchen, including: Walk-in refrigerator, Stand-up freezers, Ovens, Commercial hood system. Extensive commercial equipment. Dishwasher (owned and included in the sale). Please refer to photos for additional details. The building owner is currently operating the business and is open to a new lease proposal. Lease rate: $4,500 per square foot + NNN. Seller is also open to selling the restaurant business for $160,000. which includes an upstairs apartment currently tenant-occupied at $2,000/month. All buyers must provide Proof of Funds to schedule a showing. Do not disturb employees or operations at the location Contact me for additional details and confidential inquiries.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Building Size
4,989 SF
Building Class
C
Year Built
1940
Price
$950,000
Price Per SF
$190.42
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.43
Lot Size
0.08 AC
Zoning
C1, Philadelphia - zoning district allows for a combination of commercial and residential uses, promoting vibrant, multi-functional areas
Frontage
36’ on Terrace St
AMENITIES
- Pylon Sign
- Restaurant
- Signage
Walk Score®
Walker's Paradise (90)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 871527270 | Improvements Assessment | $336,160 |
| Land Assessment | $84,040 | Total Assessment | $420,200 |
PROPERTY TAXES
Parcel Number
871527270
Land Assessment
$84,040
Improvements Assessment
$336,160
Total Assessment
$420,200
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Contact the Sale Advisor
3862-3864 Terrace St
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