1700 Fairmount Ave

Estimated Monthly Payment: $4,551/mo 1700 Fairmount Ave, Philadelphia, PA 19130 MLS# PAPH893840 Commercial Sale Listing Status: Active
Sharyn Soliman Keller Williams Realty Sharyn Soliman Logo 2676257568 mobile: 267-625-7568 Download Our Mobile App Contact Me
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REMARKS:

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. 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. W

OVERVIEW:

Commercial Sale
Active
BRIGHT
Fairmount
1920
0.03
1320
Forced Air,Baseboard - Electric
Natural Gas,Electric
Central A/C,Air Purification System
Public
Public Sewer

FEATURES:

Electric Alarm,Exterior Cameras,Fire Detection System,Monitored,Motion Detectors,Smoke Detector
Ceramic Tile,Hardwood

FINANCIAL:

900000
5368
5368

NEIGHBORHOOD & SCHOOL INFORMATION:

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