Remarks

4348-50 Main Street is located in the Manayunk neighborhood of Philadelphia. This property sits prominently along the Main Street commercial corridor among the several restaurants, bars, coffee shops and specialty retail that make Manayunk a regional draw. With 5,000 sf of useable space over three floors, this was formerly the home of Hikaru sushi restaurant for many years, utilizing the entire building. It is currently in shell condition but with several peices of restaurant infrastructure still intact. This space would be an ideal opportunity for a food and beverage, owner /operator to add their concept to the eclectic Manayunk dining scene. Although, with several high and low density projects proposed and under construction in the neighborhood, the building could potentially be redeveloped to either a mixed-use or multifamily investment property. This property does fall within the Manayunk Main Street Historical District.

Manayunk Development Corp has a number of fully funded revitalization projects in the works including new streetscape lighting, an $18 million dollar canal reinvigoration project and toe path improvements. The City of Philadelphia also provides funding to help businesses improve the exterior of their commercial storefronts.

Details

MLS#: PAPH2335652
Price: $995,000

Year Built: 1900

County: PHILADELPHIA
Subdivision: Manayunk
Tax Fee: 7264.0