2948 N 5Th Street # 1ST FL
Philadelphia, PA, 19133 $ 90,000
Bedrooms-- Baths-- Sq 1,200 Monthly Estimate*
$ 622
for $90,000. This 1,200 square foot building was built in 1920 on a lot size of 0.03.
CONFIDENTIAL BUSINESS OPPORTUNITY TURNKEY RESTAURANT Business Opportunity Only | Prime North 5th Street Location | Philadelphia, PA A rare opportunity to acquire a fully built-out, turnkey fast-casual restaurant located along a high-visibility stretch of North 5th Street in Philadelphia. This approximately 1,200-square-foot space features 10-foot ceilings, excellent street visibility, prominent signage, and an efficient layout suited for dine-in, takeout, and delivery operations. The restaurant was transformed from the ground up into a fully operational food establishment, with substantial investment in essential infrastructure and systems, including HVAC, electrical, plumbing, flooring, lighting, kitchen installation, and equipment. The next operator can benefit from the existing build-out while potentially avoiding significant construction costs, permitting delays, and startup expenses associated with developing a comparable space. Exceptional Lease Structure Approximately 1,200 square feet Current rent of approximately $1,200 per month Long-term lease with a 10-year term, plus two additional five-year renewal options, subject to verification of the lease terms and applicable conditions The favorable rental structure provides an attractive foundation for operators seeking long-term stability and the opportunity to establish or expand a restaurant concept along this established commercial corridor. Flexible Restaurant Concepts The existing layout can support continued operation under the current concept or rebranding into various fast-casual uses, including halal, chicken, burgers, pizza, gyros, and ghost kitchen operations, subject to applicable licensing, zoning, lease restrictions, and regulatory approvals. With the existing infrastructure in place, this opportunity may be particularly attractive to an owner-operator, an expanding restaurant brand, or an entrepreneur seeking to enter the Philadelphia food-service market. CONFIDENTIAL SALE QUALIFIED INQUIRIES ONLY Business opportunity only; real estate is not included. Do not approach employees or staff directly. Financial statements and lease documentation are available upon execution of a signed nondisclosure agreement (NDA). All showings are by appointment only, through the listing agent, on Mondays. Buyer is responsible for independently verifying all information, including financial performance, square footage, lease terms, licenses, zoning, permitted uses, equipment, and applicable regulatory requirements. Serious inquiries only. Contact the listing agent for additional information and to arrange a confidential appointment.
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FeaturesInteriorHeating Fuel Natural Gas
Hot Water Natural Gas
Heating Y/N Y
Central Air Y/N N
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GeneralSewer Public Sewer
Heating Forced Air
Cooling None
Possession Settlement
Zoning CMX25
Construction Materials Masonry
Year Built 1920
Unit Number 1ST FL
Property Subtype Mixed Use
Tax Year 2026
Ownership Fee Simple
Cool Fuel Natural Gas
Municipality PHILADELPHIA
Business Type Restaurant/Bar
Accessibility None
County PHILADELPHIA
New Construction N
Property Type Commercial Sale
Subdivision Name PHILADELPHIA (NORTH)
Water Access Y/N N
Status ACTIVE
Directions Google address
City PHILADELPHIA
Number Of Units Total 2
MLS Area 19133 (19133)
Lot Size Units Square Feet
Lot Size Square Feet 1296.00
Tax Annual Amount 1429.0
Acceptable Financing Cash Conventional
Vacation Rental Y/N N
Standard Status Active
Year Built Source Assessor
Tax Lot 9
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ExteriorWater Source Public
Type of Parking On Street
Water View Y/N N
Building Area Total 0.00
Lot Size Acres 0.03
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 20400.00
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesList ByGenesis Real Estate ServicesBroker
brokeratgenesis@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $622
- Monthly Property Taxes
- $119
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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.
Learn more about how to save NearbyCommerical listings in Philadelphia, PA
Average List Price $1,167,260
Percent of Sale Price 1,197%
About Philadelphia, PA 1,588,239 Population
5% Since 2002
$ 42,223 Median Income
36 Median Age
24% Households with Children
Trends Information provided by ATTOM Data Solutions.
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/26/2026 | $90,000 | | Listed Price |