2301-3 Fairmount Ave
PHILADELPHIA, PA 19130

Description

Introducing the famed London Grill bar/restaurant space at the landmark corner of 23rd & Fairmount. With over 8,100 SF of usable space, this property is ripe with potential for multiple creative concepts under one roof. Known formerly as London Grill (2301 Fairmount) and Paris Wine Bar (2303 Fairmount), this double-wide duo operated for decades as a neighborhood mainstay serving fine food and drink to loyal patrons. A new operator will be greeted warmly by the Fairmount neighborhood who are hungry for a vibrant new use in this dramatic corner property. Full bar with tin ceilings and original 1840's features, sun room, dining room, upstairs offices, fully functional basement with cold and dry storage, state-of-the-art chef's kitchen + more. The former Paris Wine Bar space lends itself perfectly to a backdoor speakeasy concept or an "all-day" cafe concept which has been replicated successfully by prominent PHL restaurateurs all over the city of late. Seating for up to 225 patrons including permitted outdoor sidewalk seating. The Fairmount neighborhood is known locally as a top residential area in the City of Philadelphia popular amongst long-time residents, millennials, young professionals, young families + more. Very strong demographics will support high food + drink sales. Sidewalk seating included for warm weather al fresco dining and entertainment. NNN lease. Tenant responsible for tax, insurance, maintenance, operating expenses, liquor license. 2600/mo projected costs on top of 8900/mo base rent ($1,600 CAM, $1,000 liquor license). Landlord will consider offering concessions such as free rent and/or generous tenant improvement allowance (TI) for the right concept/prospect

Details

MLS#PAPH779634
StyleIndustrial
Sub-TypeLease
StatusActive
Year1830
Days On Site109

Features

Story(s)0
ZoningCMX2.5

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Area Information

StatePA
CityPHILADELPHIA
Zip Code19130
Area19130 (19130)
Listing VS Median (in 19130)
Price:
$8,900
low | high
Med:
$265,000
100% of Average
On Site:
109
low | high
Med:
55
100% of Average
Listing Updated: 07/16/2019
MLS Number: PAPH779634
Listing Provided By:
Ryan J McManus  of  Compass Pennsylvania LLC