Philadelphia, PA 19146 1706 Lombard Street

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Presented By: Keller Williams Main Line
  • MLS# PAPH2406136
  • 10/21/2024
  • Request Tour
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  • SQFT • 3,264

Home Details

Liquor License + FF&E (Property is NOT included) 1706-08 Lombard St is located in the sought after area of Rittenhouse Square. This a rare opportunity to own a fully functional restaurant / bar business in one of Philadelphias most vibrant and thriving neighborhoods. **** Prime Location: **** Situated in a high-traffic area just steps from Center City, this dual storefront property sits along a bustling corridor known for its dining, retail, and entertainment. Currently Midnight Iris and previously Astral Plane a staple in the area, is a fully operational, move-in-ready restaurant space that includes two levels of seating, a cozy lounge area, 2 bar areas, a fully equipped commercial kitchen, and ample basement storage. The interior is eclectically designed with attention to detail, from its hand carved cherry wood railings to its repurposed vintage doors bar front with glass door handle for hanging your belongings. The interior features contagious character is perfect for transforming the space into your own concept. The location is highly walkable and has a walkability score of 99, surrounded by a vibrant mix of residential and commercial properties, and just blocks away from South Street, major hospitals, Jefferson University, and Rittenhouse Square. **** Investment Potential: **** If youre an experienced restaurateur looking for a dynamic commercial space, this property offers significant upside potential. The Rittenhouse area of Philadelphia is mecca for tourism and continues to grow, attracting both residents and visitors seeking unique dining experiences. With its unbeatable location, neighborhood notoriety, and approx. 3,300 sq ft of leasable retail space, this property is an ideal opportunity for anyone looking to open a restaurant / bar in Philadelphias thriving restaurant scene.
Presented By: Keller Williams Main Line

Interior Features for 1706 Lombard Street

Bathrooms

Total Restrooms3

Other Interior Features

Retail SQFT2500
SeatingCapacity120
Central Air Y/NNo
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas

General for 1706 Lombard Street

Acceptable FinancingCash
AccessibilityNone
Building FeaturesBasement, Exhaust System, Fire Alarm, Kitchen, Public Restrooms, Refrigerator(s), Shelving, Walk-In Box, Storage
Business TypeRestaurant/Bar
CityPHILADELPHIA
Construction MaterialsMasonry
CountyPHILADELPHIA
Current UseRestaurant, Bar
Directions17th & Lombard St
ExclusionsChandeliers, Coffee tables, Sofas, Painting (art), Personal Property.
HeatingCentral
Leasable Area3300
Lease Considered Y/NYes
Location TypeUrban
Lot Size Square Feet1254.00
Lot Size UnitsSquare Feet
MLS Area19146 (19146)
ModificationTimestamp2025-03-15T18:15:43
MunicipalityPHILADELPHIA
New ConstructionNo
Possession61-90 Days CD, 90-120 Days CD, Other
Possible UseBar/Tavern/Lounge, Beer/Wine/Liquor, Food & Beverage, Restaurant
Price Per Sq Ft Total AG122.55
Property ConditionVery Good
Property SubtypeMixed Use
Property TypeBusiness Opportunity
Property UseOwner User
Security FeaturesSecurity System, Smoke Detector, Surveillance Sys, Exterior Cameras
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Subdivision NameRITTENHOUSE SQUARE
Tax Annual Amount15277.0
Tax Assessed Value1091400.0
Tax Lot264
Tax Year2025
TransportationBus Stop less than 1 mile, Metro/Subway Station less than 1 mile, Commuter Rail Station less than 1 mile, Airport less than 10 miles
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built2011
Year Built SourceAssessor
ZoningRM1

Exterior for 1706 Lombard Street

Building Area Total3264.00
Car Parking Spaces
InclusionsLiquor License & FF&E
Land Assessed Value218280.00
Land Use CodeY50
Lot Dimensions33.00 x 38.00
Lot Size Acres0.03
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Other EquipmentNegotiable
Total Loading Docks0
Total Parking Spaces0
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $400,000
MLS#PAPH2406136
List Date 10/21/2024
Property Type Business Op
Phone 703.929.4729
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