$900,000

1700 Fairmount Ave

PHILADELPHIA PA, 19130

Description

Don't pass up this opportunity to make this charming corner lot your next business opportunity. Built-in 1940, this building was completely gutted and renovated in 2001 shortly after it's previous owner's established Mr. Jay's Place in 1999. This bar features 2 stories of bar space as well as a basement used for inventory and a 3rd-floor apartment. This bar is contemporary while still maintaining a cozy historic feel as the first floor opens to a long wood bar with retro bar stools and a rear pool table area. There are 2 large and modern renovated bathrooms as well as a spacious seating area for in-house dining. The 2nd floor provides an additional dine-in seating area and a DJ booth with 2 additional renovated bathrooms. The apartment on the third floor is a beautiful open concept 1 bedroom, 1 bathroom apartment with wood floors and lots of natural light. This could function perfectly as an owner/manager suite. With proper permits and a variance, you could add a kitchen and additional dining area. There are 3 electric meters. This is an amazing opportunity to be apart of a growing community and a well-loved small business. Property sold As-Is. Mr. Jay's Place has a lot of history, the bar has been around since 1940 in varying iterations. Originally, it was an Irish Tavern called McKean's Tavern, then in 1965 it was Grand Prix Bar, and then in 1999, it became Mr. Jay's Place (Aka Jay's 17th spot by the locals). Mr. Jay's story: Way back in 1999, this family-owned neighborhood bar business was established by Jay Guzman & Family, who are longtime residents of Fairmount and Spring Garden street since 1955. This shot-and-beer joint near 17th Street and Fairmount Avenue is a notable landmark because it's the same spot where American drunkard author and poet Charles Bukowski used to spend his time while living in Philadelphia in the mid-forties. It also served as the inspiration for the Golden Horn, the fictional bar at the center of the Bukowski-penned semi-autobiographical film Barfly. With a gaggle of new bars and restaurants sprouting up in the Fairmount neighborhood in recent months, right now seems like it's as good of a time to visit Mr. Jay's Place. All are welcomed here! Does not include Liquor license

Details

MLS#PAPH888428
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
Status10000069142
Year1920
Days On Site304

Features

ZoningCMX2
Loading Form
Loading Form
Area Information
StatePA
CountyPHILADELPHIA-PA
CityPHILADELPHIA
Zip Code19130
Area19130 (19130)
Listing VS Median (in 19130)
Price:
$900,000
low | high
Med:
$2,448
100% of Average
On Site:
304
low | high
Med:
93
100% of Average
Sourced by Back At You
Listing Updated: March 7, 2021 8:45:54 PM PST
Sharyn Soliman LogoMLS Number: PAPH888428
Listing Provided By:
Sharyn Soliman  of  Keller Williams Real Estate-Blue Bell
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Bright MLS. 

© 2020 Bright MLS, All Rights Reserved