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    1700 Fairmount Avenue

    PHILADELPHIA, PA 19130
    • $900,000
    • STATUS: Active
    • ON SITE: 86 days
    • ID#: PAPH888428
    UPDATED: 55 min ago
    $900,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Business Opportunity
    Built:
    1920
    County:

    School Ratings & Info

    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. 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!

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    ©2020 Bright MLS, All Rights Reserved. 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or EXP Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-08-03T06:52:05.103.
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    1700 Fairmount Avenue PHILADELPHIA, PA 19130

    • Price: $900,000
    • Status: Active
    • Updated: 55 min ago
    • ID#: PAPH888428
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1920
    Built
    Neighborhood:
    Fairmount
    County:
    Philadelphia
    Area:
    19130 (19130)
    School District:
    The School District Of Philadelphia
    Property 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. 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!
    Exterior Features

    Construction Materials Masonry Garage YN No Parking Types None Property Condition GoodVery Good Riparian Rights YN No Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Building Area Total 2580.00 Building Features BasementCeiling FansDisplay WindowFire AlarmFire EscapePrivate RestroomsPublic Restrooms Cooling Central A/CAir Purification System Exclusions Yard Furniturepersonal Items in Bar. Flooring HardwoodCeramic Tile Heating Forced AirBaseboard - Electric Heating YN Yes Inclusions Business And Real Estatecurrent Inventory Security Features Electric AlarmExterior CamerasFire Detection SystemMonitoredMotion DetectorsSmoke Detector

    Property Features

    Accessibility Features 2+ Access ExitsRamp - Main Level Assessment Year 2020 Association YN No Business Name Mr. Jay's Place Inc. Business Type Restaurant/Bar Central Air YN Yes Cooling Fuel Electric Cross Street 17th Current Use Beer/Wine/LiquorBarFood & BeverageRestaurant Electric 200+ Amp Service Electric Expense 7000.00 Heating Fuel Natural GasElectric Hot Water Electric Incorporated City Name Philadelphia Insurance Expense 7500.00 Lease Considered YN No Navigable Water YN N New Construction YN No Original MLSNumber 304093362553 Other Expense 1500.00 Owner Pays Water Ownership Interest Other Possession Negotiable Property Sub Type Retail Sale Type Standard Sewer Public Sewer Tax Annual Amount 5368.00 Tax Assessment Amount 383500.00 Tax Lot 188 Trash Expense 3000.00 Vacation Rental YN No Water Source Public Zoning Cmx2

    Listing courtesy of Keller Williams Real Estate-Blue Bell.


    ©2020 Bright MLS, All Rights Reserved. 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or EXP Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-08-03T06:52:05.103.
     
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