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1601 N 5TH STREETPHILADELPHIA, PA 19122

Commercial · 0.03 Acres
$1,015,900 ACTIVE

1601 N 5TH STREET Overview

Time on Site:
837 days
Visits:
26

A Rare Opportunity to own your own Bar/Restaurant/Take-Out Business in Booming Olde Kensington! Turn Key operation includes building, business, liquor license, inventory and all equipment/appliances owned by seller! 1st. floor features front and side entrances, updated bar/billiard area with plenty of seating, 2 restrooms, small kitchen prep area, central air/heat, full basement with inside and outside entrances. 2nd floor has 1 studio apt. and 1-one bedroom apartment, 3rd floor is large 1 bedroom apartment, all are in move-in condition with separate inside/outside entrances. Everything is electric with separate meters. The property is well kept and shows well! Qualified buyers/agents with proof of funds should set up their appointment today!

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1601 N 5TH STREET Facts & Features

  • Type Commercial
  • Lot 0.03 Acres

Details

General

Listing Information

  • Real Estate Owned: No
  • Short Sale: No

Building Information

  • New Construction: No
  • Year Built: 1940

Business Information

  • Business Type: Restaurant/Bar,Apartment Building

Location/Region

  • Country: US
  • County: PHILADELPHIA
  • County Or Parish: PHILADELPHIA
  • MLS Area Major: 19122 (19122)
  • Subdivision Name: OLDE KENSINGTON

Parking Information

  • Total Parking Spaces: 0
  • Type of Parking: On Street

Tax Information

  • City/Town Tax: 1294.00
  • City/Town Tax Payment Frequency: Annually
  • County Tax Payment Frequency: Annually
  • School Tax: 1574.00
  • Tax Annual Amount: $2,869.00
  • Tax Assessed Value: 205000.00
  • Tax Year: 2022

General Information

  • Exclusions: All equipment owned by vendors.
  • Inclusions: Building, Business, Liquor License, Inventory, all equipment and appliances owned by seller in as-is condition.
  • Property Condition: Excellent
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • Special Listing Conditions: Standard
  • Vacation Rental: No
  • Year Assessed: 2023
  • Zoning: CMX2

Unit Information

  • Other Units: Unit 1,Unit 1,Unit 1,Unit 1,Unit 1

Interior

Building Information

  • Cooling Fuel: Electric
  • Heating Fuel: Electric
  • Total Drive In Doors: 0

Parking Information

  • Garage: No

Building Interior

  • Building Area Source: Assessor
  • Central Air: Yes
  • Hot Water: Electric

General Information

  • Accessibility Features: None
  • Cooling: Central A/C
  • Electric: 200+ Amp Service

Exterior

Building Information

  • Total Loading Docks: 0

Lot Information

  • Lot Dimensions Source: Assessor
  • Lot Size Dimensions: 17.00 x 70.00
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 1182.00
  • Lot Size Units: Square Feet
  • Water Source: Public

Waterfront/View

  • Water Oriented: No
  • Water View: No
  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Masonry

General Information

  • Number Of Units Total: 3
  • Sewer: Public Sewer
  • Water Access: No

Unit Information

Unit 1 Details

  • Unit Type: Unit 1

Unit 2 Details

  • Unit Type: Unit 1

Unit 3 Details

  • Unit Type: Unit 1

Unit 4 Details

  • Unit Type: Unit 1

Unit 5 Details

  • Unit Type: Unit 1

1601 N 5TH STREET Neighborhood

Community

19122 (PHILADELPHIA) Demographics

28
Median Age
16,599
Population Density (per sq. mile)
36%
College Educated
$44,758
Estimated Median Income
2,844
Estimated Total Home Owners
3,955
Estimated Total Renters
42% / 58%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

1601 N 5TH STREET Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1601 N 5TH STREET Market Data

Based on the last 30 days in this zip code

$445,656
Average List Price
$257
Average Price per Square Foot
19
Properties Sold
100
Average Days on Market
134
Properties for Sale
Calculations provided by Reliance Network

1601 N 5TH STREET History

Date Event Value Agent
5/6/2026Source: BRIGHT MLS Price Increase
$1,015,900 1.0%
4/10/2026Source: BRIGHT MLS Price Reduction
$1,005,900 -0.5%
3/23/2026Source: BRIGHT MLS Price Reduction
$1,010,900 -0.4%
12/21/2025Source: BRIGHT MLS Price Reduction
$1,014,900 -0.5%
11/13/2025Source: BRIGHT MLS Price Reduction
$1,019,900 -0.5%
8/23/2025Source: BRIGHT MLS Price Reduction
$1,025,000 -2.4%
5/1/2025Source: BRIGHT MLS Price Reduction
$1,050,000 -4.5%
4/7/2025Source: BRIGHT MLS Price Reduction
$1,100,000 -4.3%
3/7/2025Source: BRIGHT MLS Price Reduction
$1,150,000 -3.4%
2/12/2025Source: BRIGHT MLS Price Reduction
$1,190,000 -4.0%
12/12/2024Source: BRIGHT MLS Price Reduction
$1,240,000 -0.4%
12/3/2024Source: BRIGHT MLS Price Reduction
$1,250,000 -3.8%
12/3/2024Source: BRIGHT MLS Price Reduction
$1,245,000 -0.4%
12/3/2024Source: BRIGHT MLS Status Change
ACTIVE
12/3/2024Source: BRIGHT MLS Added to Database
March 14, 2024
Listing provided courtesy of Realty Mark Associates- MLS# PAPH2332098MLS ProviderContact Information: [email protected] - 2153764444