Homes for sale - 1402-4 W OXFORD ST, Philadelphia, PA 19121

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Nathan Labish

nathan@labishrealestate.com +1(771) 999-4747

$4,400,000

Est. payment - /mo

9,000 SqFt

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UPDATED:

12/04/2024 02:41 PM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 9,000 sqft

Price per Sqft $488

MLS Listing ID PAPH2417854

Originating Board BRIGHT

Year Built 1915

Annual Tax Amount $17,634

Tax Year 2024

Lot Size 4,800 Sqft

Acres 0.11

Lot Dimensions 40.00 x 120.00

Property Description

For over four decades, this iconic three-story property has stood as a proud beacon of Philadelphia's jazz and R&B history. Located near Temple University in the heart of North Philadelphia, this black-owned bar and restaurant has welcomed legendary musicians such as John Coltrane, Billy Paul, Bootsie Barnes, Boyz II Men, and Patti LaBelle and the Bluebelles, solidifying its place as a cherished cultural landmark. Now, this rare opportunity allows you to own a piece of that rich musical heritage, while also tapping into the immense potential of a rapidly changing commerical corridor surrounding Temple University. The property’s main floor is a welcoming front bar with a full kitchen, complemented by a rear bar and entertainment space complete with a stage and additional kitchen facilities. Multiple bathrooms ensure convenience for guests. On the second floor, the vibe continues with another vibrant bar and entertainment area, a kitchen, and two bathrooms, perfect for hosting private events or expanding the dining experience. The third floor offers an expansive entertainment space with an outdoor patio that’s perfect for summer events, casual gatherings, or unique celebrations. Beneath the venue, the full basement provides ample storage to support the busy operations of this bustling venue. Positioned across from a movie theater and amidst newly developed high-rise apartments, this CMX-2 zoned lot is 4,800 square feet and benefits from a prime location in a rapidly evolving area. Its proximity to Temple University makes it a prime spot for both locals and visitors, while the surrounding development only increases its long-term potential. Whether you choose to continue the legacy of this historic venue or reimagine it for the future, the possibilities here are endless. This property represents more than just a business opportunity—it’s a chance to be part of North Philadelphia’s storied musical legacy and contribute to the vibrant future of this flourishing community.

Location

State PA

County Philadelphia

Area 19121 (19121)

Zoning RSA5

Interior

Hot Water Natural Gas

Cooling Central A/C

Inclusions All restaurant equipment is available

Equipment Negotiable

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 882006650

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional, Bank Portfolio

Listing Terms Cash, Conventional, Bank Portfolio

Financing Cash,Conventional,Bank Portfolio

Special Listing Condition Standard

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Listed by Terry Upshur • Compass Pennsylvania, LLC

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Nathan Labish

+1(771) 999-4747

Real Estate Agent | License ID: 0225271116

Real Estate Agent License ID: 0225271116

1402-4 W OXFORD ST Philadelphia, PA 19121

Nathan Labish

Key Details

Location

Interior

Exterior

Building

Schools

Others

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