549 N 12th St
Description
The commercial space offers a versatile footprint with existing electrical infrastructure and restaurant framework in place—ready for a full build-out or renovation...Discover an incredible opportunity in the heart of Spring Garden with this mixed-use property—perfect for investors or owner-occupants looking to make their mark. The property features a commercial space, most recently used as a restaurant, on the main level and a large one-bedroom apartment above, which will soon be available for rent.
The commercial space offers a versatile footprint with existing electrical infrastructure and restaurant framework in place—ready for a full build-out or renovation to suit your needs.
Currently, the commercial space is occupied by a tenant on a month-to-month lease, paying $4,000 per month and covering approximately 80% of the property’s expenses, including taxes and utilities. The tenant can remain in place for steady investment income or vacate for an end user’s immediate use.
An optional liquor license is also available for purchase, offered separately at $150,000—providing an excellent value for anyone looking to operate a restaurant, bar, or café.
The seller is open to selling the property as-is or completing a custom build-out for the right buyer, subject to the extent of the project/terms.
Whether you’re seeking an income-generating investment or an inviting opportunity to bring your business vision to life, this property offers flexibility, prime positioning, and long-term potential.
Listing Agents
![Eli Qarkaxhia]()
eli.q@compass.comP: (215)-287-4299
![Mark Weinberg]()
mark.weinberg@compass.comP: (732)-266-3035
Property Details for 549 North 12th Street
Property Details for 549 North 12th Street
| Status | Active |
|---|---|
| MLS # | PAPH2557172 |
| Days on Market | 70 |
| Taxes | $4,913 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Fee Simple |
| Year Built | 2020 |
| Lot Size | 0.02 AC / 875 SF |
| County | Philadelphia County |
Location
Building Information for 549 North 12th Street
Payment Calculator
$3,041 per month
30 year fixed, 6.15% Interest
$2,631
$409
$0
Property Information for 549 North 12th Street
- School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
- School District County ID: 300200397108
- SchoolDistrictSource: Listing Agent
- County: PHILADELPHIA
- MLS Area: 19123 (19123)
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
- Tax Year: 2025
- Tax Assessed Value: $351,000
- Year Assessed: 2025
- County Tax: $0
- Improvement Assessed Value: $280,800
- City Town Tax: $2,161
- Land Assessed Value: $70,200
- Clean Green Assessed: No
- Land Use Code: ID0
- Zoning: CMX1
- Tax Lot: 104
- School Tax: $2,751
- Automatically Update Tax Values Y/N: Yes
- Single Room Units Count: 0
- One Bedroom Units Count: 1
- Two Bedroom Units Count: 0
- Three Bedroom Units Count: 0
- Building Units Total: 2
- Total Finished SQFT: 2,441.00
- Total Finished SQFT Source: Assessor
- Tax Total Finished SQFT: 2,441.00
- Total SQFT: 2,441.00
- Total SQFT Source: Assessor
- Construction Materials: Masonry, Brick
- Roof: Flat
- Flooring Type: Luxury Vinyl Plank
- Foundation Details: Other
- Lot Size Source: Assessor
- Lot Size Dimensions: 18.00 x 50.00
- Lot Dimensions Source: Assessor
- Parcel ID: 961299
- Type Of Parking: On Street
- Fireplace: No
- Accessibility Features: None
- Pool: No Pool
- Other Structures: Above Grade, Below Grade
- Heating: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Hot Water: Natural Gas
- Water Source: Public
- Sewer Septic: Public Sewer
- List Agent AOR: Greater Philadelphia Association of REALTORS
Property History for 549 North 12th Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Dec 9, 2025 | Price Change BRIGHT #PAPH2557172 | $539,900 | — |
| Nov 7, 2025 | Listed (Active) BRIGHT #PAPH2557172 | $549,900 | — |
| Jul 29, 2025 | Closed (Public Record) Public Record #1911450909 | $362,500 | — |
| Nov 24, 1998 | Closed BRIGHT #PABK326950 | $25,000 | — |
| Nov 18, 1998 | Pending BRIGHT #PABK326950 | — | |
| Apr 13, 1998 | Listed (Active) BRIGHT #PABK326950 | $34,900 | — |
| Date | Event & Source | Price |
|---|---|---|
| 12/09/2025 | Price Change BRIGHT #PAPH2557172 | $539,900 |
| 11/07/2025 | Listed (Active) BRIGHT #PAPH2557172 | $549,900 |
| 07/29/2025 | Closed (Public Record) Public Record #1911450909 | $362,500 |
| 11/24/1998 | Closed BRIGHT #PABK326950 | $25,000 |
| 11/18/1998 | Pending BRIGHT #PABK326950 | — |
| 04/13/1998 | Listed (Active) BRIGHT #PABK326950 | $34,900 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 549 North 12th Street
Schools near 549 North 12th Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 | |||
| Public - | K to 12 |
Rating | School | Distance |
|---|---|---|
Spring Garden School PublicK to 8 | ||
Franklin Benjamin High School Public9 to 12 | ||
Parkway-Center City Public9 to 12 | ||
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.