2154 Bridge Street Philadelphia, PA $ 4,850,000
2154 Bridge Street
$ 4,850,000
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2154 Bridge Street

Philadelphia, PA, 19124
$ 4,850,000
Baths0.0 Sq 15,235

Monthly Estimate*

$ 32,235

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Studio

Commercial Property for sale in Philadelphia, PA

for $4,850,000. This 15,235 square foot building was built in 1920 on a lot size of 0.51.

Rare opportunity to own a spectacular 600 + seat restaurant / nightclub. Purchase price includes liquor license, all restaurant furniture, fixtures and equipment. Conveniently located at the Bridge St exit of the route 95 expressway and only 10 minutes away from downtown Philly, this 15, 213 sq.ft. commercial property is one of the Philadelphia's most luxurious restaurant / bars. The Chateau was a long standing business, which started 57 years ago and has been a family run organization since. Throughout the middle of the 19th century, the building served as the Erie social club- bringing acts such as The Rat Pack and Tony Bennet to Philadelphia audiences. It then became Cozy Morely's Erie Social before becoming the Chateau as people have known it over the years. Its new owners have upgraded the building and coined it 'The Billionaire Club'. There are two ballrooms / dining rooms, each elegantly draped and complete with a dining area, a buffet area, and dance floor. The building also has 2 on premise, equipped commercial kitchen areas, allowing for a variety of different business opportunities for potential buyers. The main entrance off Tulip St. leads to a hostess stand and cocktail lounge with full bar. The dining hall boasts some of the city's most unique furniture and wall art - all custom designed by the current owner. The DJ booth and dance floor provide for an evening cocktail lounge / dance club setting. There is access to a service area here as well for staff to communicate with the kitchen and a bus area for dishware. In this area you will also find the centrally located and beautifully designed bathrooms. Behind the service area is a full commercially equipped kitchen with staff access to both the dining area and ballroom. Continuing through the cocktail lounge, you will find the ballroom with stage. The ballroom is in the process of renovation including imported, European white tile floors (large slab), raising the ceiling, and 3 new Commercial HVAC units. Behind the main stage is the entertainment equipment control room. There is also a large storage room here for laundry, dry storage, and liquor. The second entrance off the small side parking lot at the corner of Bridge and Tulip leads to the business offices to the right. Above the office area, there is a staircase leading to a 1 bedroom/1 bath living area complete with living room/kitchen area and an office. On the opposite side of the building and upstairs, you will find a private lounge for your exclusive VIP guests complete with full bar area. There are 2 available parking lots, one at either side of the building, and an additional lot included at 2166-68 Granite which is 3360 sqft. This property has fantastic potential for its next owner. Be sure to contact today for more information! Additional information on upgrades is located in the attachments to the listing.

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Commercial Active

Price

$ 4,850,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 15,665

Style

Banquet Facility/Lodge,Restaurant/Bar

Lot Size

0.51

Year Built

1920

Town/City

Philadelphia

County/Region

Philadelphia

MLS | Web ID

PAPH2186434

Features
Interior
Heating Fuel Natural Gas
Flooring Carpet Ceramic Tile
Hot Water Electric
Heating Y/N Y
Central Air Y/N Y
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General
Sewer Public Sewer
Heating Forced Air
Cooling Central A/C
Possession Immediate Negotiable
Zoning CMX2
Security Features Fire Detection System Exterior Cameras Electric Alarm Main Entrance Lock Monitored Motion Detectors Security System Smoke Detector Sprinkler System - Indoor Surveillance Sys
Construction Materials Masonry
Year Built 1920
Electric 200+ Amp Service
Property SubType Retail
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Natural Gas
Municipality PHILADELPHIA
Business Type Banquet Facility/Lodge Restaurant/Bar
Building Name CHATEAU
Accessibility Grab Bars Mod Level Entry - Main Low Pile Carpeting
County PHILADELPHIA
New Construction N
Property Type Commercial Sale
Possible Use Bar/Tavern/Lounge Beer/Wine/Liquor Commercial Distribution Flex Space Food & Beverage Food Market Industrial Investment Mixed Use Office Professional Service Recreational Restaurant Retail
Water Access Y/N N
Status ACTIVE
Directions Cross street of Aramingo Ave and Bridge St lot entrance on Tulip.
City PHILADELPHIA
Buyer Agent Compensation 2.5
NumberOfUnitsTotal 0
MLS Area 19124 (19124)
Lot Size Units Square Feet
Lot Size Square Feet 22215.00
Waterfront Y/N N
Tax Annual Amount 15665.0
Property Condition Excellent Very Good
Price Per Sq Ft Total AG 316.44
Acceptable Financing Cash Conventional Seller Financing
Lease Considered Y/N Y
Vacation Rental Y/N N
Virtual Tour https://alcovevideo.com/5121-tulip-st
Days on Market 549
Location Type Free Standing
Standard Status Active
Year Built Source Assessor
Tax Lot 45
Buyer Agent Compensation Type % Of Gross
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Exterior
Parking Features Private Paved Parking
Lot Features Additional Lot(s) Corner Level Road Frontage
Water Source Public
Inclusions All kitchen and restaurant equipment lot at 2166-68 Granite (3360 sq. ft lot) all inventory in building Liquor license
Type of Parking Parking Lot Driveway
Water View Y/N N
Building Area Total 15327.00
Lot Dimensions 93.00 x 129.00
Lot Size Acres 0.51
Lot Size Source Assessor
Door Features Double Entry
Land Assessed Value 223812.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 2154
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* Excluded Features
List By
Keller Williams Real Estate-Blue Bell

Broker

sharynsoliman@gmail.com

Email

Affordability Calculator

$33,540
Per Month
96%
4%
0%
Monthly Principal & Interest
$32,235
Monthly Property Taxes
$1,305
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/21/2022$4,850,000 Listed Price

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2154 Bridge Street, Philadelphia, PA, 19124 is a Commercial Property for sale at $4,850,000 with 15,235 sqft and a lot size of 0.51. 2154 Bridge Street is a studio with 0.0 baths and was built in 1920. The property's zip code is 19124 which is in Philadelphia, PA