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1706 Lombard St
For Sale $400,000
$400,000
- Units
- Unknown Sq Ft
- 1,254 Sq Ft
- Unknown Cap Rate
Description
Liquor License + FF&E
1706-08 Lombard St is located in the sought after area of Rittenhouse Square.
This a rare opportunity to own a fully functional restaurant / bar business in one of Philadelphia’s most vibrant and thriving neighborhoods.
**** Prime Location: **** Situated in a high-traffic area just steps from Center City, this dual storefront property sits along a bustling corridor known for its dining, retail, and entertainment.
Currently Midnight Iris and previously Astral Plane a staple in the area, is a fully operational, move-in-ready restaurant space that includes two levels of seating, a cozy lounge area, 2 bar areas, a fully equipped commercial kitchen, and ample basement storage. The interior is eclectically designed with attention to detail, from its hand carved cherry wood railings to its repurposed vintage doors bar front with glass door handle for hanging your belongings. The interior features contagious character is perfect for transforming the space into your own concept.
The location is highly walkable and has a walkability score of 99, surrounded by a vibrant mix of residential and commercial properties, and just blocks away from South Street, major hospitals, Jefferson University, and Rittenhouse Square.
**** Investment Potential: **** If you’re an experienced restaurateur looking for a dynamic commercial space, this property offers significant upside potential. The Rittenhouse area of Philadelphia is mecca for tourism and continues to grow, attracting both residents and visitors seeking unique dining experiences.
With its unbeatable location, neighborhood notoriety, and approx. 3,300 sq ft of leasable retail space, this property is an ideal opportunity for anyone looking to open a restaurant / bar in Philadelphia’s thriving restaurant scene.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $400,000 |
| Property Type | Flex Space |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 2011 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 871137350 |
| MLS # | PAPH2406136 |
| Property ID | 320972441 |
| Lot Sqft | 1,254 |
| Zoning | RM1 |
| Days on Market | 127 |
| Original List Price | Unknown |
| Date Updated | January 24, 2025 |
| Date Created | October 24, 2024 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
John J Nolano an agent of . Lic #AB069257
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Data last updated: February 28, 2025.
Robert Crawford
REAL ESTATE AGENT