• Units
• Unknown Sq Ft
• 4,800 Sq Ft
• Unknown Cap Rate

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.