2 Rector St - Freestanding FOR SALE


Philadelphia, PA 19127- Manayunk
$2,150,000 USD
215-520-5091
2 Rector St, Philadelphia, PA for Sale
$2,150,000 USD
Freestanding - FOR SALE
1/11
null | Request Cap Rate

2 Rector St
Philadelphia, PA 19127
Manayunk


HIGHLIGHTS

  • This property sits prominently along the Main Street commercial corridor with direct access in the rear to the Schuylkill River Trail.
  • Among the several restaurants, bars, coffee shops and specialty retail that make Manayunk a regional draw
  • This was formerly Bourbon Blue restaurant with 8,200sf of useable space over two floors.
  • This property is an ideal opportunity for a food and beverage owner/operator to add their concept to the eclectic Manayunk dining scene
  • The building could potentially be redeveloped for several approved uses
  • This property does fall within the Manayunk Main Street Historical District.

OVERVIEW

MPN Realty, Inc., is proud to present for sale the property at 2 Rector Street in the Manayunk neighborhood of Philadelphia. This property sits prominently along the Main Street commercial corridor among the several restaurants, bars, coffee shops and specialty retail that make Manayunk a regional draw. This was formerly Bourbon Blue restaurant with 4,100sf of useable space on the first floor and identical square footage on the lower level, for a total 8,200 SF of usable restaurant space. It is currently in shell condition but with several pieces of restaurant infrastructure still intact. This property is an ideal opportunity for a food and beverage owner/operator to add their concept to the eclectic Manayunk dining scene. Although, with several high and low density projects proposed and under construction in this neighborhood, and the current zoning, the building could potentially be redeveloped for several approved uses. This property does fall within the Manayunk Main Street Historical District. Manayunk Development Corp has a number of fully funded revitalization projects in the works including new street scape lighting, an $18 million dollar canal reinvigoration project and toe path improvements. The City of Philadelphia also provides funding to help businesses improve the exterior of their commercial storefronts.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$262 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bourbon Blue

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

ICMX

APN/PARCEL ID

882775050

ASK ABOUT THIS PROPERTY

Joe ScarponeMPN RealtyMore Info
215-520-5091

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Joe ScarponeMPN RealtyMore Info
215-520-5091

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.