1627 E Passyunk Ave 4,960 SF Vacant Retail Building Philadelphia, PA 19148 $2,196,480 CAD ($442.84 CAD/SF)

?? TURNKEY RESTAURANT + REAL ESTATE PACKAGE | EAST PASSYUNK AVE (RESTAURANT ROW) ??
1627–29 E Passyunk Ave, Philadelphia, PA 19148
Real Estate: $1,600,000
Business / Equipment Package: $200,000
Total Opportunity: $1,800,000
Position your concept at the center of East Passyunk Avenue—Philadelphia’s premier Restaurant Row—with this rare, fully built-out restaurant + real estate acquisition opportunity.
This ±5,000 SF mixed-use property combined with a complete restaurant equipment package offers a true plug-and-play operation, allowing an owner-operator to significantly reduce startup time, construction costs, and permitting delays.
Why This Deal Stands Out
Acquire BOTH the real estate and a fully built-out restaurant
Avoid 6–12 months of buildout, licensing, and uncertainty
Save hundreds of thousands in construction and equipment costs
Step into a high-demand dining corridor with proven foot traffic
Opportunity to open quickly and generate revenue
Property + Business Highlights:
Two expansive levels of restaurant / catering / event space
Third-floor offices or private dining / event space
Full basement for storage and operations
Complete restaurant setup available – ideal for high-volume operation
Two walk-in freezers included in equipment package
Meticulously renovated – no expense spared
Layout supports multiple concepts: dine-in, catering, events, or hybrid models
Location Advantages:
Prime positioning on East Passyunk Avenue (Restaurant Row)
Surrounded by award-winning restaurants, retail, and nightlife
Strong residential density and consistent foot traffic
Municipal parking lot directly across the street
Easy access to Center City, I-95, and public transportation
Zoning & Flexibility:
Flexible zoning allows for restaurant, retail, office, or mixed-use conversion
Potential to incorporate residential or short-term rental components (buyer to verify)
Ideal Buyer
Restaurant groups expanding into Philadelphia
Experienced operators looking for a flagship location
Owner-operators seeking to control both real estate and business
Investors looking for a lease-up or operator partnership opportunity
Value Proposition
This is more than just a property—it’s a fully assembled restaurant platform in one of Philadelphia’s strongest dining corridors.
Opportunities to acquire both the real estate and a ready-to-operate restaurant of this scale on Passyunk Avenue are extremely rare.
?? Contact for full equipment list, financials, and to schedule a private tour.