1706-8 Lombard St, Philadelphia, PA 19146

Real estate + Liquor License + FF&E 1706-08 Lombard St is located in the sought after area of Rittenhouse Square. This a rare opportunity to own a fully functional restaurant / bar + property in one of Philadelphias most vibrant and thriving neighborhoods. Prime Location: Situated in a high-traffic area just steps from Center City, this dual storefront property sits along a bustling corridor known for its dining, retail, and entertainment. Currently Midnight Iris and previously Astral Plane a staple in the area, is a fully operational, move-in-ready restaurant space that includes two levels of seating, a cozy lounge area, 2 bar areas, a fully equipped commercial kitchen, and ample basement storage. The interior is eclectically designed with attention to detail, from its hand carved cherry wood railings to its repurposed vintage doors bar front with glass door handle for hanging your belongings. The interior features contagious character is perfect for transforming the space into your own concept. To top it off the property comes with a spacious 2-bedroom, 2- full bathroom apartment on the 3rd floor, with separate entrance and utilities. Currently owner occupied. Projected rental income of $2500-$3000 a month. The location is highly walkable and has a walkability score of 98, surrounded by a vibrant mix of residential and commercial properties, and just blocks away from South Street, major hospitals, Jefferson University, and Rittenhouse Square. Investment Potential: Whether youre an experienced restaurateur or an investor looking for a dynamic commercial space, this property offers significant upside potential. The Rittenhouse area of Philadelphia is mecca for tourism and continues to grow, attracting both residents and visitors seeking unique dining experiences. With its unbeatable location, neighborhood notoriety, and Approx 3300 sq ft of building space, this property is an ideal opportunity for anyone looking to own or invest in Philadelphias thriving restaurant scene.

Property Features