$ 400,000
-
$400,000
Price -
0
Bed - Bath
-
3,264
SqFt
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About the Listing KELWLMML - 3365681
Liquor License + FF&E (Property is NOT included) 1706-08 Lombard St is located in the sought after area of Rittenhouse Square. This a rare opportunity to own a fully functional restaurant / bar business in one of Philadelphia’s most vibrant and thriving neighborhoods. **** Prime Location: **** Situated in a high-traffic area just steps from Center City, this dual storefront property sits along a bustling corridor known for its dining, retail, and entertainment. Currently Midnight Iris and previously Astral Plane a staple in the area, is a fully operational, move-in-ready restaurant space that includes two levels of seating, a cozy lounge area, 2 bar areas, a fully equipped commercial kitchen, and ample basement storage. The interior is eclectically designed with attention to detail, from its hand carved cherry wood railings to its repurposed vintage doors bar front with glass door handle for hanging your belongings. The interior features contagious character is perfect for transforming the space into your own concept. The location is highly walkable and has a walkability score of 99, surrounded by a vibrant mix of residential and commercial properties, and just blocks away from South Street, major hospitals, Jefferson University, and Rittenhouse Square. **** Investment Potential: **** If you’re an experienced restaurateur looking for a dynamic commercial space, this property offers significant upside potential. The Rittenhouse area of Philadelphia is mecca for tourism and continues to grow, attracting both residents and visitors seeking unique dining experiences. With its unbeatable location, neighborhood notoriety, and approx. 3,300 sq ft of leasable retail space, this property is an ideal opportunity for anyone looking to open a restaurant / bar in Philadelphia’s thriving restaurant scene.
Listing Highlights for 1706 Lombard St
Status
Active
Days on Site
323
Property Type
Business Opportunity
MLS ®
PAPH2406136
Year Built
2011
Total Square Footage
3,264
Lot/Acreage
0.03
County
Philadelphia
Neighborhood
Rittenhouse Square
Area
19146 (19146)
School District
The School District Of Philadelphia
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances: Negotiable
- Air Cond:
- Heating: Central
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 33.00 x 38.00
- Zoning: RM1
- Roof:
- Others: Very Good
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $15,277
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Listing Location
Questions About..
1706 Lombard St Philadelphia, PA 19146
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