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222 S 15 Th St

$2,030,000

222 S 15 Th St, Philadelphia, Pa 19102

Active
Last Updated: 02/08/2025

3,235 sqft

Building Size

1900

Year Built

Details:
Building Size:    3,235 sqft
Year Built:    1900
Price Per Sqft:    $627.51
Zoning:    CMX5
Highlights:
  • Days on Market: 55
  • Heating: 90% Forced Air
Description:

The sale of 222 S. 15th St., a turnkey restaurant/ bar in Rittenhouse Square. The site has operated as Shiroi Hana, a sushi/ Japanese restaurant, for over 20 years. The sale includes the real estate, FF&E, and R-liquor license, which has no restrictions. The main dining area has 56 seats, and there are an additional 40 seats on the 2nd floor. This presents an excellent opportunity for a restaurant operator in an A+ location. 222 S 15th St. is located between Walnut and Locust Streets with many public parking garages nearby. A few of the neighbors include Good Dog Bar, Alice Pizza & Restaurant, Fado Irish Pub, and Misconduct Tavern. With CMX-5 zoning this location offers the possibility of adding floors above. The price includes the Real Estate, liquor license, and FF&E. The property can be sold without the liquor license.

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Today's Available Mortgage Rates

222 S 15 Th St, Philadelphia, Pennsylvania 19102

Choose Your Priority
 
Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 12/21/2024
Bank*Lender #1049
5 Year Fixed
25 Year Amortization
Interest rate 6.49% 5 Year Fixed
Mo. Payment$6,710 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 49% LTV $0 Lender fees
Loan Amount $994,700 Loan Amount
Details
Bank*Lender #1610
7 Year Fixed
25 Year Amortization
Interest rate 6.49% 7 Year Fixed
Mo. Payment$6,984 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 51% LTV $600 Lender fees
Loan Amount $1,035,300 Loan Amount
Details
Bank*Lender #1610
10 Year Fixed
25 Year Amortization
Interest rate 6.49% 10 Year Fixed
Mo. Payment$6,984 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 51% LTV $600 Lender fees
Loan Amount $1,035,300 Loan Amount
Details
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