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$1,795,000
49 Days Online

1312 Spruce Street
Philadelphia, PA 19107

For Sale|Commercial|Active
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt
1865
Built
County:
Philadelphia

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1312 Spruce Street1312 Spruce Street1312 Spruce Street1312 Spruce Street
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Back on the market with a newly extended 5 year high end restaurant lease- Don’t miss your chance to own a piece of Philadelphia culinary history! This beautifully renovated 1860’s mixed use 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 Award for Outstanding Restaurant in 2011. The first floor includes a gracious well-appointed dining room as well as a high end commercial kitchen.  In 2014 the restaurant remodeled and expanded their space into the upper two floors adding a show kitchen, a private dining room and an event space... The third floor houses the Vetri’s  offices and additional storage space.  The basement area has a walk in freezer, storage for the restaurant and all building mechanicals.  Special note: The West side exterior wall of 1312 Spruce features one of Philadelphia’s beloved murals, Taste of Summer, inspired by the restaurant. Vetri currently has a long term lease until 9-2028 with a 5 year renewal option; however the second and third floors can be converted back into apartment use if desired at a later time to provide additional rental income. Currently restaurant pays all building expenses as a triple net tenant. Act now before this rarely offered trophy property gem goes off the market an into a long term real estate investor portfolio.

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Listing Snapshot
Price 
$1,795,000
Days Online 
49 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.04 Acres
Year Built 
1865
MLS Number 
PAPH2184698
Status 
Active
Property Tax 
$10,429
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
14 hours agoListing updated with changes from the MLS
2 months agoListing first seen online
General Features
Water 
Public
Sewer 
Public Sewer
Utilities 
Under Ground
Electric 
200+ Amp Service
Foundation 
Stone
Construction Materials 
Masonry
Zoning 
CMX-2
Acceptable Financing 
CashConventionalOther
Interior Features
Flooring 
WoodCeramic Tile
Heating 
Hot Water
Cooling 
Central A/C
Central Air 
Yes
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Exterior Features
View 
Street
Road 
Black Top
Roof 
FlatRubber
Community Features
Accessibility Features 
None
Listing courtesy of Addison Real Estate Company Inc (215) 735-3020



The real estate listing information is provided by Bright MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale or lease referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bright MLS. This web site references real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties in listings may have been sold or may no longer be available. The data contained herein is copyrighted by Bright MLS and is protected by all applicable copyright laws. Any unauthorized collection or dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright © 2020 Bright MLS. All rights reserved.

Neighborhood & Commute
Source: Walkscore
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