2532 Coral St

East Kensington, Philadelphia, PA 19125

Zoned for live entertainment, this fantastic mixed-use building is located in the heart of East Kensington! The bar is on 1st floor with a "cold" kitchen, 2 accessible bathrooms, a bar, a pool table, seating, an ice machine, and all the other essentials, like a newer 4-ton HVAC for the bar plus a walk-in refrigerator box, other mechanicals, and storage. Deliveries are a breeze with the basement's exterior Bilco doors. Estimated rental income, if rented out rather than owner-occupied, would be $2500/month. The liquor license is to be sold for an additional fee of $175,000. Upstairs, the 2nd and 3rd Floor (2 bed/2 full bath) rental also has central air, in-unit laundry, and a separate exterior entrance. The unit can also possibly have a roof deck added to the 3rd-floor master bedroom, which has an ensuite bathroom & vaulted ceiling. The estimated rent for a 2-bedroom is $1500 in its current state or $2000 if upgraded. Property to be delivered vacant of business & resident, and all equipment to be sold with the property at no additional cost. Found in the vibrant East Kensington neighborhood at the corner of Coral and Sergeant Streets, this is one you don't want to miss!