1557-1559 N 29TH ST Philadelphia, PA 19121
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Brewerytown
MLS Listing ID PAPH2667890
Year Built 1925
Annual Tax Amount $5,320
Tax Year 2026
Lot Size 1,053 Sqft
Acres 0.02
Lot Dimensions 15.95 x 66.00
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
The work has already started. 1557 has been totally remodeled — kitchen, baths, flooring, paint, and mechanicals — and carries a rental value of approximately $2,750 per month. That means the asset begins producing at closing instead of waiting on a full-building renovation, and it sets a finish standard the remaining units can be built to.
The ground-floor corner unit is the piece that cannot be recreated. It holds a liquor license and enjoys two full street frontages, giving an operator signage, daylight, and walk-in visibility on both sides of the corner. Philadelphia County liquor licenses are quota-restricted, so acquiring the building acquires the entitlement along with it — a bar, restaurant, bottle shop, or café concept can be programmed here without hunting the license market.
Above the storefront, the second and third floors support a five-unit residential configuration in a mix of two-bedroom and one-bedroom layouts. With 1557 complete and stabilized, an investor can phase the remaining units on their own schedule, matching capital to lease-up rather than committing to everything at once. Separate rear access keeps the residential circulation independent from the commercial entrance.
Artistic architectural renderings of the corner reimagined with a modern facade — full-height glazing, warm wood and charcoal cladding, restored brick above, and a steel entry canopy — are included with the marketing package to illustrate the repositioning upside.
Offered at $1,250,000. Please note that 1557 N 29th Street is also listed separately on the MLS — it can be pursued individually or acquired together with 1559 as this assemblage. Contact the listing agent to confirm which structure applies to your offer.
Investors, owner-operators, and hospitality groups: this is a rare combination of completed work, remaining upside, and a conveying liquor license on a hard corner. Contact the listing agent for the rent roll, pro-forma, and private showing instructions. Unit count, zoning, and license transfer to be verified by buyer; license transfer subject to PLCB approval.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning CMX2
Interior
Hot Water Natural Gas
Heating Central, Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Utilities Available Electric Available, Multiple Phone Lines, Natural Gas Available, Sewer Available
Water Access N
Accessibility Level Entry - Main
Garage N
Building
Foundation Block
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 882038430
Ownership Fee Simple
Acceptable Financing Contract, Conventional, Cash, Other
Listing Terms Contract, Conventional, Cash, Other
Financing Contract,Conventional,Cash,Other
Special Listing Condition Standard
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