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4760 Rising Sun Ave
Philadelphia, PA 19120

Jimmy's Lounge/ El Castillo · Retail Property For Sale

Executive Summary

Uncover the extraordinary investment opportunity with this remarkable commercial real estate in Feltonville! Boasting an unbeatable location on an exceptionally high-traffic corner, this property comprises four parcels that house the highly profitable Jimmy's Sports Bar, the exquisite El Castillo Catering Hall and Lounge, and the versatile La Cocina Kitchen. For over a decade, Jimmy's Sports Bar has been a local favorite, consistently drawing in a packed crowd every night. Meanwhile, El Castillo stands as a charming and stylish Latin lounge, complete with a coatroom and elevator, making it a frequent choice for weddings and various celebratory occasions. What sets this property apart is not only the success of these two established businesses but also the potential for additional ventures. With the build-out and creation of new restaurant, it adds possibility of another lucrative venture, enhancing the property's income potential. Included in the sale of both the business and real estate is a valuable liquor license, adding further appeal to this already enticing investment. The zoning classification of CMX1 opens up a multitude of possibilities, making it an ideal choice for entrepreneurs seeking a versatile and profitable space. Looking beyond the existing businesses, the upstairs area presents an opportunity for conversion into apartments or can be rented out as is, providing additional revenue streams. With a history of over 10 years in successful operation and a loyal customer base, this rare combination of businesses and prime location transforms this property into an absolute gold mine. Don't miss out on this exceptional chance to secure a lucrative investment in commercial real estate, offering not just established businesses but also the potential for growth and diversification. Act now and seize this unbelievable opportunity in the heart of Feltonville!

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Bar
Building Size
7,242 SF
Year Built
1940
Price
$1,912,167 CAD
Price Per SF
$264 CAD
Cap Rate
2.22%
NOI
$42,524 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
1.66
Land Acres
0.10 AC
Zoning
CMX1 - CMX1 zoning district is for low-impact, small-scale, neighborhood-serving retail and service uses in storefront buildings, along with residential uses

Amenities

  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
882061870
Land Assessment
$156,116 CAD
Improvements Assessment
$624,465 CAD
Total Assessment
$780,581 CAD
  • Listing ID: 30682943

  • Date on Market: 2024-01-17

  • Last Updated:

  • Address: 4760 Rising Sun Ave, Philadelphia, PA 19120

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