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1647 N 2nd St 5,586 SF Retail Building Philadelphia, PA 19122 $2,967,646 CAD ($531.26 CAD/SF)



Investment Highlights
- Fully built-out three-story bar, restaurant, and event venue in Old Kensington.
- ADA-compliant building with commercial elevator servicing all floors.
- Three full bars, one on each level, plus private third-floor event space.
- Liquor license included for immediate operational readiness.
- Complete commercial kitchen with walk-in cooler and multiple refrigeration units.
- Premium finishes throughout, including hardwood, tile, and custom woodworking.
Executive Summary
Prime Bar & Restaurant Opportunity — Heart of Old Kensington
1647 N 2nd Street, Philadelphia
Located in the center of one of Philadelphia’s fastest-growing neighborhoods, this fully built-out three-story bar, restaurant, and event venue offers a rare turnkey opportunity. Surrounded by significant new multi-family developments and consistent pedestrian activity, the property provides outstanding visibility, accessibility, and operational versatility. The building is fully ADA compliant, complete with a commercial elevator servicing all floors. Liquor License included.
Property Highlights
Three floors of finished commercial space
Liquor License included
Full ADA accessibility with commercial elevator
Full commercial kitchen + dedicated dishwashing room
Walk-in cooler + multiple commercial refrigeration units
Three full bars (one on each floor)
Third-floor private event space
Hardwood, tile, and custom woodworking throughout
Rear stairwell for operational flow
Third Floor — Event Space
A fully equipped private event venue featuring:
Full bar
Attic-air commercial refrigeration
Dishwasher equipment
Full plumbing
Two bathrooms
Direct elevator access
Perfect for private parties, corporate events, or specialty programming.
Second Floor — Restaurant & Bar
A beautifully appointed restaurant level offering:
Full bar with custom woodworking and built-ins
Beer taps, commercial refrigeration, and dishwasher
Royal espresso machine
Two full bathrooms
Hardwood and tile flooring blend
Elevator access
Ideal for elevated dining or hybrid bar concepts.
First Floor — Bar & Full Kitchen
Street-level entry into a welcoming bar area with:
Full bar with plumbing
Custom wrap-around booth seating
Rear stairwell access
Commercial Kitchen Includes:
Two Imperial fryers
Radiance cooktop and griddle
Continental cold-storage units
Stainless steel prep and service stations
Full plumbing
Refrigeration & Support Areas:
American Panel walk-in cooler
Continental commercial refrigerator
Dedicated dishwashing room
Lower-level bathroom
Summary
This property offers an exceptional turnkey opportunity in Old Kensington: a fully equipped, multi-floor bar, restaurant, and event venue with premium finishes, a complete kitchen, three bars, ADA accessibility, and strong surrounding residential density. Ideal for operators seeking a high-performance space in one of Philadelphia’s most in-demand neighborhoods.
1647 N 2nd Street, Philadelphia
Located in the center of one of Philadelphia’s fastest-growing neighborhoods, this fully built-out three-story bar, restaurant, and event venue offers a rare turnkey opportunity. Surrounded by significant new multi-family developments and consistent pedestrian activity, the property provides outstanding visibility, accessibility, and operational versatility. The building is fully ADA compliant, complete with a commercial elevator servicing all floors. Liquor License included.
Property Highlights
Three floors of finished commercial space
Liquor License included
Full ADA accessibility with commercial elevator
Full commercial kitchen + dedicated dishwashing room
Walk-in cooler + multiple commercial refrigeration units
Three full bars (one on each floor)
Third-floor private event space
Hardwood, tile, and custom woodworking throughout
Rear stairwell for operational flow
Third Floor — Event Space
A fully equipped private event venue featuring:
Full bar
Attic-air commercial refrigeration
Dishwasher equipment
Full plumbing
Two bathrooms
Direct elevator access
Perfect for private parties, corporate events, or specialty programming.
Second Floor — Restaurant & Bar
A beautifully appointed restaurant level offering:
Full bar with custom woodworking and built-ins
Beer taps, commercial refrigeration, and dishwasher
Royal espresso machine
Two full bathrooms
Hardwood and tile flooring blend
Elevator access
Ideal for elevated dining or hybrid bar concepts.
First Floor — Bar & Full Kitchen
Street-level entry into a welcoming bar area with:
Full bar with plumbing
Custom wrap-around booth seating
Rear stairwell access
Commercial Kitchen Includes:
Two Imperial fryers
Radiance cooktop and griddle
Continental cold-storage units
Stainless steel prep and service stations
Full plumbing
Refrigeration & Support Areas:
American Panel walk-in cooler
Continental commercial refrigerator
Dedicated dishwashing room
Lower-level bathroom
Summary
This property offers an exceptional turnkey opportunity in Old Kensington: a fully equipped, multi-floor bar, restaurant, and event venue with premium finishes, a complete kitchen, three bars, ADA accessibility, and strong surrounding residential density. Ideal for operators seeking a high-performance space in one of Philadelphia’s most in-demand neighborhoods.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,586 SF
Building Class
B
Year Built
2024
Price
$2,967,646 CAD
Price Per SF
$531.26 CAD
Tenancy
Single
Building Height
3 Stories
Building FAR
2.74
Lot Size
0.05 AC
Opportunity Zone
Yes
Zoning
CMX1
Walk Score®
Walker's Paradise (94)
Transit Score®
Excellent Transit (75)
Bike Score®
Very Bikeable (82)
Nearby Major Retailers
Property Taxes
| Parcel Number | 183105900 | Improvements Assessment | $711,264 CAD |
| Land Assessment | $177,816 CAD | Total Assessment | $889,080 CAD |
Property Taxes
Parcel Number
183105900
Land Assessment
$177,816 CAD
Improvements Assessment
$711,264 CAD
Total Assessment
$889,080 CAD
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1647 N 2nd St
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