UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Philadelphia (North)
MLS Listing ID PAPH2682962
Year Built 1920
Annual Tax Amount $1,429
Tax Year 2026
Lot Size 1,296 Sqft
Acres 0.03
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
Business Opportunity Only | Prime North 5th Street Location | Philadelphia, PA
A rare opportunity to acquire a fully built-out, turnkey fast-casual restaurant located along a high-visibility stretch of North 5th Street in Philadelphia. This approximately 1,200-square-foot space features 10-foot ceilings, excellent street visibility, prominent signage, and an efficient layout suited for dine-in, takeout, and delivery operations.
The restaurant was transformed from the ground up into a fully operational food establishment, with substantial investment in essential infrastructure and systems, including HVAC, electrical, plumbing, flooring, lighting, kitchen installation, and equipment. The next operator can benefit from the existing build-out while potentially avoiding significant construction costs, permitting delays, and startup expenses associated with developing a comparable space.
Exceptional Lease Structure
Approximately 1,200 square feet
Current rent of approximately $1,200 per month
Long-term lease with a 10-year term, plus two additional five-year renewal options, subject to verification of the lease terms and applicable conditions
The favorable rental structure provides an attractive foundation for operators seeking long-term stability and the opportunity to establish or expand a restaurant concept along this established commercial corridor.
Flexible Restaurant Concepts
The existing layout can support continued operation under the current concept or rebranding into various fast-casual uses, including halal, chicken, burgers, pizza, gyros, and ghost kitchen operations, subject to applicable licensing, zoning, lease restrictions, and regulatory approvals.
With the existing infrastructure in place, this opportunity may be particularly attractive to an owner-operator, an expanding restaurant brand, or an entrepreneur seeking to enter the Philadelphia food-service market.
CONFIDENTIAL SALE — QUALIFIED INQUIRIES ONLY
Business opportunity only; real estate is not included.
Do not approach employees or staff directly.
Financial statements and lease documentation are available upon execution of a signed nondisclosure agreement (NDA).
All showings are by appointment only, through the listing agent, on Mondays.
Buyer is responsible for independently verifying all information, including financial performance, square footage, lease terms, licenses, zoning, permitted uses, equipment, and applicable regulatory requirements.
Serious inquiries only. Contact the listing agent for additional information and to arrange a confidential appointment.
Location
State PA
County Philadelphia
Area 19133 (19133)
Zoning CMX25
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling None
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 871101900
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Nearby Locations
Our passion for real estate and love for New Jersey are a perfect match. We have made it our mission to help local residents sell their homes quickly and at the best possible prices, and homebuyers in finding their perfect piece of paradise in New Jersey.
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