1940 Cottman Avenue, Philadelphia, PA 19111 - Photo 1

1/1

$45,000

Sold
Closed
Business

1/1

Property Description

Location! Restaurant business for sale with the lease assignment is available on the busiest Cottman Ave. Currently, Cottman Cafe has breakfast and lunch with dine-in and take-out. Enter into the large dining room with bathroom in the back further to the right counter, full commercial kitchen with basement for storage. Welcome to schedule showing at this low price and low rent.

Full Property Details

Full Property Details for 1940 Cottman Ave

General

Sold For: $45,000
Taxes: $4,405 (2024)
Status: Closed
Type: Business
Source: BrightMLSPhilly
MLS ID: PAPH2375692
Added to Site: 553 day(s) ago

Business

Name: Cottman Cafe
Business Type: Restaurant/Bar
Year Established: 2023
Seating Capacity: 15

Rooms

Bathrooms

Restrooms: 1

Parking

Total Spaces: 2
Parking Type: On Street

Location

Area: 19111 (19111)
Municipality: PHILADELPHIA
County: Philadelphia
Cross Streets: Castor Ave
Driving Directions: Castor Ave & Cottman Ave

School Information

School District: The School District Of Philadelphia

Heating & Cooling

Cooling Type: None
Heating Type: 90% Forced Air
Heating Fuel: Natural Gas
Water Heater: Natural Gas

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Construction: Brick
Stories/Levels: 0
Aprox. Leasable: 958 Sq. Ft.
Current Bldg. Use: Restaurant
Year Built: 1950
Year Built Source: Estimated
Property Condition: Very Good

Unit Information

# Tenants: Multiple

Lot Features

Zoning: CMX-2

Financial Considerations

Price Per Sq. Ft.: $28.71
Lease Fee: $2,500
Assessment Year: 2024
Tax w/Assessment: $314,700
Tax Amount: $4,405
Tax Year: 2024

Disclosures and Reports

Ownership: Leasehold
Exclusions: Tenant person property, Computers, Inventories
Inclusions: Restaurant Business Asset, Furniture, Fixtures, Equipment
Investment: Yes

Listed and Sold by Keller Williams Realty, Paul P Cheng

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Listing agent

— 1940 Cottman Ave —

Paul P Cheng

Keller Williams Realty

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Schools

Schools serving 1940 Cottman Ave

School District:Philadelphia City School District

Name	Grades	Distance
Moore J Hampton School 6900 Summerdale Avenue, Philadelphia, PA 19111	K-5	0.6 mi
Castor Gardens Middle School 1800 Cottman Avenue, Philadelphia, PA 19111	6-8	0.2 mi
Northeast High School 1601 Cottman Avenue, Philadelphia, PA 19111	9-12	0.4 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1940 Cottman Ave

Date

Details

Price

Change

Source

9/24/2024

Sold

$45,000

-18.18%

MLS

8/27/2024

Price Reduced

$55,000

-15.38%

MLS

8/01/2024

Price Reduced

$65,000

-5.8%

MLS

7/13/2024

Listed

$69,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1940 Cottman Avenue, Philadelphia, PA 19111 (MLS# PAPH2375692) is a Business property that was sold at $45,000 on September 24, 2024. Want to learn more about 1940 Cottman Avenue? Do you have questions about finding other Business real estate for sale in Castor Gardens? You can browse all Castor Gardens real estate or contact a Coldwell Banker agent to request more information.

1940 Cottman Ave Philadelphia, PA 19111