2154-72 BRIDGE ST, Philadelphia, PA 19124 – PAPH2186434

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Christina Swain

christina@realtorinred.com +1(267) 397-6291

$ 3,999,999

Est. payment -/mo

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Price Dropped by $850K

2154-72 BRIDGE ST Philadelphia, PA 19124

15,327 SqFt

UPDATED:

10/16/2024 01:21 PM

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 15,327 sqft

Price per Sqft $260

MLS Listing ID PAPH2186434

Originating Board BRIGHT

Year Built 1920

Annual Tax Amount $15,665

Tax Year 2023

Lot Size 0.510 Acres

Acres 0.51

Lot Dimensions 93.00 x 129.00

Property Description

Rare opportunity to own a spectacular 600 + seat restaurant / nightclub. Purchase price includes liquor license, all restaurant furniture, fixtures and equipment. Conveniently located at the Bridge St exit of the route 95 expressway and only 10 minutes away from downtown Philly, this 15, 213 sq.ft. commercial property is one of the Philadelphia's most luxurious restaurant / bars. The Chateau was a long standing business, which started 57 years ago and has been a family run organization since. Throughout the middle of the 19th century, the building served as the Erie social club- bringing acts such as The Rat Pack and Tony Bennet to Philadelphia audiences. It then became Cozy Morely's Erie Social before becoming the Chateau as people have known it over the years. Its new owners have upgraded the building and coined it 'The Billionaire Club'. There are two ballrooms / dining rooms, each elegantly draped and complete with a dining area, a buffet area, and dance floor. The building also has 2 on premise, equipped commercial kitchen areas, allowing for a variety of different business opportunities for potential buyers. The main entrance off Tulip St. leads to a hostess stand and cocktail lounge with full bar. The dining hall boasts some of the city's most unique furniture and wall art - all custom designed by the current owner. The DJ booth and dance floor provide for an evening cocktail lounge / dance club setting. There is access to a service area here as well for staff to communicate with the kitchen and a bus area for dishware. In this area you will also find the centrally located and beautifully designed bathrooms. Behind the service area is a full commercially equipped kitchen with staff access to both the dining area and ballroom. Continuing through the cocktail lounge, you will find the ballroom with stage. The ballroom is in the process of renovation including imported, European white tile floors (large slab), raising the ceiling, and 3 new Commercial HVAC units. Behind the main stage is the entertainment equipment control room. There is also a large storage room here for laundry, dry storage, and liquor. The second entrance off the small side parking lot at the corner of Bridge and Tulip leads to the business offices to the right. Above the office area, there is a staircase leading to a 1 bedroom/1 bath living area complete with living room/kitchen area and an office. On the opposite side of the building and upstairs, you will find a private lounge for your exclusive VIP guests complete with full bar area. There are 2 available parking lots, one at either side of the building, and an additional lot included at 2166-68 Granite which is 3360 sqft. This property has fantastic potential for its next owner. Be sure to contact today for more information! Additional information on upgrades is located in the attachments to the listing.

Location

State PA

County Philadelphia

Area 19124 (19124)

Zoning CMX2

Interior

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Flooring Carpet, Ceramic Tile

Inclusions All kitchen and restaurant equipment, lot at 2166-68 Granite (3360 sq. ft lot), all inventory in building, Liquor license

Heat Source Natural Gas

Exterior

Garage Spaces 40.0

Waterfront N

Water Access N

Accessibility Grab Bars Mod, Level Entry - Main, Low Pile Carpeting

Total Parking Spaces 40

Garage N

Building

Lot Description Additional Lot(s), Corner, Level, Road Frontage

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 882073425

Ownership Fee Simple

SqFt Source Assessor

Security Features Fire Detection System,Exterior Cameras,Electric Alarm,Main Entrance Lock,Monitored,Motion Detectors,Security System,Smoke Detector,Sprinkler System - Indoor,Surveillance Sys

Acceptable Financing Cash, Conventional, Seller Financing

Listing Terms Cash, Conventional, Seller Financing

Financing Cash,Conventional,Seller Financing

Special Listing Condition Standard

Listed by Sharyn Soliman • Keller Williams Real Estate-Blue Bell

Christina Swain

Broker Associate | KELWLMLAB068881

+1(267) 397-6291

Christina Swain

2154-72 BRIDGE ST Philadelphia, PA 19124

Key Details

Location

Interior

Exterior

Building

Schools

Others

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2154-72 BRIDGE ST