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Turn-Key Restaurant & Bar W/ Liquor License

Turn-Key Restaurant & Bar W/ Liquor License

8337 Germantown Avenue, Philadelphia, PA

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PROPERTY DETAILS

Asking Price

$1,550,000

Total Building Size

2,900 SF

Neighborhood

Chestnut Hill

Property Description

Equity CRE is pleased to offer the opportunity to purchase a local iconic establishment, 8337 Germantown Ave, a ±2,900 SF turn-key restaurant and bar with a fully equipped kitchen and a Pennsylvania R type liquor license. Located in Philadelphia’s historic Chestnut Hill neighborhood, this property sits steps from the signalized intersection of Germantown Ave & Gravers Lane (the best intersection in town). This bustling corridor sees almost 10,000 vehicles per day, is steps from Septa’s Chestnut Hill West station and has multiple bus routes stopping along Germantown Ave. About a block away from the target property is the Septa Chestnut Hill bus loop – a depot where 5 different bus lines converge and disperse.

The property is also directly across from a public parking lot which is rare for the neighborhood and has off-street parking and loading for employees in the rear. This property is being offered in “as-is” condition and the seller is not obligated to provide property improvements or alterations. This sale is Confidential so please do not disrupt daily business or approach any on-site employees. All inspections shall be set up with 48 hours’ notice.

Investment Highlights

Prominent Location: The property is steps from the intersection of Germantown Ave & Gravers Lane, the best intersection in Chestnut Hill, with multiple shops & restaurants.

Walkable Neighborhood Amenities: Chestnut hill is a community known for its history, public parks & welcoming energy. The vibrant shopping district forms the heart of the walkable neighborhood featuring national tenant’s, restaurants & boutiques, such as Iron Hill, Starbucks, Char & Stave & Fresh Market.

Strong Demographics: 8337 Germantown Ave benefits from the strong demographics of the surrounding area, with 419,864 people within a 5-miles of the sites and an average HHI of $113,00.

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