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What's Happening in:  Passyunk Square 

Building next to Fond at Singing Fountain for sale

Strolling past the fountain the other day, we noticed a for-sale sign on a prominent property, 1535 S. 11th St., sandwiched between the often-empty Davinci and the brand-new location of Fond.

1535 S. 11th St

We figured it must be some old-timer who’s had the building for decades and now wants to cash in (is that ageist?). But we checked city records, and it was just bought Nov. 30, 2012 for $300,000. A hardware-store style sale sign just lists a phone number, which we called and got a hold of owner Rocco Del Mastro, who’s selling it for $350,000.

“I got a little boy,” said Del Mastro, a laborer with Local 332 who also used to own Fond’s new building. “I got to try to save for college.” Sounds good to us.

He did say the interior is old, so the whole thing would need to be renovated, but $350,000 seems a fair price for such a great location. Next door at Fond, PARC bought the building last year for $575,000. Granted, that one’s much larger, 2,880 square feet compared to 1,656, and it’s a corner building, but still.

Judging by the condition of the windows, the place would need to be completely gutted. But one intriguing thing about a potential sale is that if you look closely, the bricks on the first floor show that what was once a huge display window was covered up. Hopefully, any new owner would remedy that and take advantage of the fountain view.

The sign just went up this week and Del Mastro says he’s already shown it to three people who are looking to convert it back to a mixed-use building, operating a business on the first floor and living upstairs. He’s also got a long list of people to show it to this weekend.

“A lot of people are looking for mixed use,” he said. “I’ve  been showing it a lot. It used to be an old couple that lived there. The man was a famous accordion guy, and they lived upstairs and downstairs he used to have the shop” where he sold and fixed the instruments.

So, what kind of business should go in there? Before you say a restaurant, how many can the fountain support?

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4 Responses to Building next to Fond at Singing Fountain for sale

  1. radioagony February 1, 2013 at 9:35 am #

    He bought it at the end of November and is expecting to make an extra $50k? Seems a little insane to me.

  2. Phil February 1, 2013 at 12:10 pm #

    A book/music store!! With computer workspace. That also serves coffee and small deserts. People would wander in after dining at the adjacent restaurants.

  3. dmf February 1, 2013 at 1:03 pm #

    Bookstore. Please for the love of God, a bookstore!

  4. Byron Newport February 1, 2013 at 8:31 pm #

    I’ll say it again – a bagel shop would kill it here. Bagels and Books maybe?

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