Owner of Kahn's Fine Wines puts real estate up for sale

September 24, 2012
Back to TopCommentsE-mailPrintBookmark and Share

Kahns Fine WinesThe owner of Kahn's Fine Wines & Spirits is trying to sell two buildings where it operates, one downtown and another along 86th Street at Township Line Road. Jim Arnold is offering the 1920 building at 25 N. Pennsylvania St. for sale with an asking price of $995,000, reduced from an earlier price of $1.5 million. Kahn's occupies the lower level and first floor of the 12,000-square-foot building. A listing says the upper three floors have been gutted and ready to build out as apartments, condos or offices. A second property, a former O'Malia Food Market where Kahn's operates an 18,000-square-foot store, also is up for sale. Arnold is offering the shopping plaza on 4.3 acres with 28,000 additional rentable square feet and an out lot for an asking price of $2.75 million. The listings suggest Kahn's will remain as a tenant. Arnold, reached by phone Monday, declined to discuss his rationale for putting the buildings up for sale. Kahn's original store is at 5341 N. Keystone Ave.

ADVERTISEMENT
  • Township
    I hope that Kahn's stays at the Township Line location. I could almost walk there...
  • Tight Lipped
    Jim Arnold was pretty talkative a few months ago with the IBJ when he was boasting about what a good businessman he was. What changed? Trying to grow too rapdily? Or maybe becoming a real estate speculator was not such a good idea. I wonder who financed those transactions?

Post a comment to this blog

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT
ADVERTISEMENT