Oriental Rug Bazaar 2 Rector St
7,000 SF 100% Leased Retail Building Philadelphia, PA 19127 $3,100,300 CAD ($442.90 CAD/SF)



EXECUTIVE SUMMARY
MPN Realty, Inc., is proud to present for sale the property at 2 Rector Street in the Manayunk neighborhood of Philadelphia. This property sits prominently along the Main Street commercial corridor among the several restaurants, bars, coffee shops and specialty retail that make Manayunk a regional draw. This was formerly Bourbon Blue restaurant with 4,100sf of useable space on the first floor and identical square footage on the lower level, for a total 8,200 SF of usable restaurant space. It is currently in shell condition but with several pieces of restaurant infrastructure still intact. This property is an ideal opportunity for a food and beverage owner/operator to add their concept to the eclectic Manayunk dining scene. Although, with several high and low density projects proposed and under construction in this neighborhood, and the current zoning, the building could potentially be redeveloped for several approved uses. This property does fall within the Manayunk Main Street Historical District. Manayunk Development Corp has a number of fully funded revitalization projects in the works including new street scape lighting, an $18 million dollar canal reinvigoration project and toe path improvements. The City of Philadelphia also provides funding to help businesses improve the exterior of their commercial storefronts.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,000 SF
Year Built
1900
Price
$3,100,300 CAD
Price Per SF
$442.90 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
1.34
Lot Size
0.12 AC
Zoning
ICMX
Frontage
60’ on Rector St
Walk Score®
Walker's Paradise (97)
NEARBY MAJOR RETAILERS









PROPERTY TAXES
Parcel Number | 882775050 | Improvements Assessment | $869,118 CAD |
Land Assessment | $217,279 CAD | Total Assessment | $1,086,397 CAD |