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$1,350,000
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Property Description
Major price reduction! Unique opportunity to own a single use restaurant building originally zoned as a mixed use (4 apartments and 1st floor restaurant) currently occupied solely by the high end restaurant Vetri Cucina. Vetri has recently extended its lease until 2028 with option with yearly increases for an additional 5 years through 2033! Don’t miss your chance to own a piece of Philadelphia culinary history! This beautifully renovated 1860’s townhome has housed several of Philadelphia’s most acclaimed restaurants since 1967, including Le Pantierre, Le Bec Fin, Two Quails, and now by the award winning Vetri. Since 1998 Verti has become one of the most lauded dining establishments in the country, receiving the James Beard
Full Property Details
Full Property Details for 1312 Spruce St
General
- Sold For: $1,350,000
- Taxes: $10,429 (2023)
- Status: Closed
- Type: Multi-Family
- Source: BrightMLSPhilly
- MLS ID: PAPH2184704
- Added to Site: 852 day(s) ago
Parking
- Parking Type: On Street
Location
- Area: 19107 (19107)
- Municipality: PHILADELPHIA
- County: Philadelphia
- Driving Directions: Head south on N 15th St toward Market St 177 ft N 15th St turns slightly left and becomes S Penn Square 312 ft Slight right onto S Broad St/Ave Of The Arts Continue to follow S Broad St 0.5 mi Turn left onto Pine St 0.1 mi Turn left at the 3rd cross street onto S 13th St 0.1 mi Turn left onto Spruce St Destination will be on the left
School Information
- School District: The School District Of Philadelphia
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Hot Water
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Straight Thru
- Architectural Style: Straight Thru
- Structure Type: Interior Row/Townhouse
- Construction: Masonry
- Basement: Yes
- Basement Desc.: Full
- Foundation: Stone
- Roof: Flat
- Stories/Levels: 3
- Square Feet: 3,510
- Sq. Ft. Source: Assessor
- Living Area: 3,510 Sq. Ft.
- Finished Above Grnd: 3,510 Sq. Ft.
- Year Built: 1974
- Year Built Source: Assessor
Lot Features
- Lot Size (Acres): 0.04
- Lot Size (Sq. Ft.): 1,545
- Lot Size Source: Assessor
- Lot Dimensions: 19.00 x 81.33
- Zoning: CMX-2
Financial Considerations
- Price Per Sq. Ft.: $427.32
- Assessment Year: 2023
- School Tax: $5,723
- City/TownTax: $4,706
- City/TownTax Freq: Annually
- Tax w/Assessment: $745,100
- Tax Amount: $10,429
- Tax Year: 2023
- Terms: Standard Sale
Disclosures and Reports
- Ownership: Fee Simple
Listed and Sold by Addison Real Estate Company Inc, Jonathan M Tori
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Schools
Schools serving 1312 Spruce St
School District:The School District Of Philadelphia
Rating | Name | Grades | Distance |
---|---|---|---|
325 S 7th St, Philadelphia, PA 19106 | K-8 | 0.6 mi | |
550 N Broad St, Philadelphia, PA 19130 | 9-12 | 1.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1312 Spruce St
Date
Details
Price
Change
Source
7/17/2023
Sold
$1,350,000
-9.99%
MLS
3/28/2023
Price Reduced
$1,499,900
-11.51%
MLS
2/15/2023
Price Reduced
$1,695,000
-5.57%
MLS
12/13/2022
Listed
$1,795,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1312 Spruce Street, Philadelphia, PA 19107 (MLS# PAPH2184704) is a Multi-Family property that was sold at $1,350,000 on July 17, 2023. Want to learn more about 1312 Spruce Street? Do you have questions about finding other Multi-Family real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.