Astoban Realty Group (ARG) - Philadelphia, PA – Luxury Condominiums

1700 FAIRMOUNT AVENUE

Details

  •   Business Opportunity
  •   -
  •   -
  •  $900,000

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. Property sold 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! Does not include Liquor license

Details

Property Title: 1700 FAIRMOUNT AVENUE
Listing ID: PAPH888428
Status: ACTIVE
Subdivision Name: FAIRMOUNT
Year Built: 1920
Property Sub Type: Retail
Price Per SQFT: $349

Features

HOA YN: N
Carport Spaces Count: 0
Construction Materials: Masonry
Flooring Type: Ceramic Tile, Hardwood
Accessibility Features: Ramp - Main Level, 2+ Access Exits
New Construction YN: N
Cooling Fuel: Electric
Heating Fuel: Natural gas, Electric
Hot Water: Electric
Exclusions: Yard Furniturepersonal Items In Bar.
Inclusions: Dryer & 2 Refrigerators
Building Features: Display Window, Public Restrooms, Private Restrooms, Fire Alarm, Basement, Ceiling Fans, Fire Escape
Water Frontage Length: 0
Pool Private YN: N
Water Access YN: N
Waterfront YN: N
Security Features: Smoke detector, Fire Detection System, Monitored, Motion Detectors, Electric Alarm, Exterior Cameras

Address Map

Street Suffix: AVENUE
Street: FAIRMOUNT
Street Number Numeric: 1700
Directions: 17th St and Fairmount Ave
Floor Number: 0

MLS Addon

Office Name: Keller Williams Real Estate-Blue Bell
Agent Name: Sharyn Soliman
Original MLS Name: Bright
Sub System Locale: BRIGHT_MAIN
Total Taxes Pymnt Freq: Annually
Vacation Rental YN: N
Major Change Type: Other
HOA Fee Freq: Monthly
List Agent MLS ID: 3186425
List Agent Email: sharynsoliman@gmail.com
List Office Key: 121134650258
SchoolDistrictName: THE SCHOOL DISTRICT OF PHILADELPHIA
Above Grade Fin SQFT: 0 Sqft
Building Total SQFT: 2,580 Sqft
Levels/Stories: 0
Property Condition: Very Good, Good
Total Restrooms: 4
Total SQFT: 0 Sqft
Short Sale: No
Sale Type: Standard
Tax Annual Amount: $5,368
Tax Year: 2021
Zoning: CMX2
Current Use: Bar, Food & Beverage, Beer/wine/liquor, Restaurant
Sewer Septic: Public Sewer
Water Source: Public
1
Astoban Realty Group, LLC ("ARG") is a licensed real estate broker located in the Commonwealth of Pennsylvania. No representation is made as to the accuracy of the information in this floor plan, and such information is subject to errors, omission, and change. All information in this floor plan is deemed reliable, but is not guaranteed accurate. The plan herein depicts existing conditions for graphic representation purposes only and should be used as such by the prospective purchaser or tenant. All square footage and dimensions are approximate. Exact dimensions can be obtained by retaining the services of a professional architect or engineer. The number of bedrooms listed above is not a legal conclusion. Each person should consult with his/her own attorney, architect or zoning expert to make a determination as to the number of rooms in the unit that may be legally used as a bedroom. ARG actively supports equal housing opportunities.
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