Listed By:
EXP Realty, LLC.
Address
3989 Terrace Street, Philadelphia, PA
Price
$ 439,990
Property Attributes
  • MLS#PAPH2341294
  • TypePending
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19128
  • Zip19128
  • StyleRestaurant/Bar
  • Year Built1900
  • Taxes$ 2540
  • Price$ 439,990
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage1678
  • Lot Size0.03 Acres
Data Source:
Bright MLS
Property Description

Fantastic Opportunity in Manayunk! This prominently positioned commercial property, situated at the intersection of Shurs Ln and Terrace St, was previously home to the renowned BYOB, Terrace Street Bistro. Renowned as one of Philadelphia's premier destinations for a romantic evening out, it boasts an enviable location just 3 blocks away from the bustling Main Street in Manayunk, with ample street parking available. The ground floor comprises a spacious dining area accommodating 20-25 guests, complete with a generously sized kitchen featuring commercial-grade appliances including a gas range and refrigerator, along with ample workspace, sinks, and prep areas. Additionally, there are two bathrooms located at the rear of the ground floor. The basement provides ample storage space and additional room for refrigeration units or freezers. Upstairs, accessible via a separate entrance from the rear brick patio, is a charming two-bedroom apartment with the potential to be rented out for $1600 per month. The apartment boasts an inviting eat-in kitchen, two bedrooms, a full bathroom, a laundry closet, and a spacious living room. This property presents a fantastic opportunity for individuals interested in either renting out the apartment while operating a business on the ground floor, or for those seeking the convenience of living upstairs while running a business downstairs.

Price History
4/10/2024 Listed $440,000
4/17/2024 1% - $439,990

General Features

Sewer Public Sewer
Heating Baseboard - Hot Water
Cooling Window Unit(s)
Possession 0-30 Days CD
Zoning CMX1
Construction Materials Brick
Year Built 1900
Property SubType Mixed Use
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Business Type Restaurant/Bar
Accessibility None
County PHILADELPHIA
New Construction No
Property Type Commercial Sale
Possible Use Restaurant
Water Access Y/N No
Status PENDING
Directions Main Street,left on Shurs,on the corner of Terrace and Shurs
ModificationTimestamp 2024-05-16T08:09:18
City PHILADELPHIA
Buyer Agent Compensation 2.5
Total Units 2
MLS Area 19128 (19128)
Lot Size Square Feet 1205.00
Tax Assessed Value 181500.0
Waterfront Y/N No
Street Name TERRACE
Tax Annual Amount 2540.0
Price Per Sq Ft Total 262.21
Acceptable Financing Cash,Conventional,FHA
Vacation Rental Y/N No
Virtual Tour https://listings.nextdoorphotos.com/3989terracestreet/?mls
Days on Market 37
Standard Status Pending
Year Built Source Estimated
Tax Lot 62
Buyer Agent Compensation Type % Of Gross

Interior Features

Heating Fuel Natural Gas
Hot Water Natural Gas
Heating Y/N Yes
Street Suffix STREET
Central Air Y/N No

Exterior Features

Water Source Public
Type of Parking On Street
Land Use Code S30
Water View Y/N No
Building Area Total 1678.00
Lot Size Acres 0.03
Lot Size Units Square Feet
Lot Size Source Estimated
Land Assessed Value 36300.00
Navigable Water Y/N No
Water Oriented Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 19128

Price
AVG $260K
$440K
Taxes
AVG $3,991
$2,540
Visits
AVG 207
56
Data Provided by Inside Real Estate®
Year Built
AVG 1954
1900

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