235 S 10TH ST Active

Philadelphia,PA 19107

$ 1999000

- Bed

- Bath

3479 SqFt


Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 3,479 sqft

Price per Sqft $574

MLS Listing ID PAPH2288590

Originating Board BRIGHT

Year Built 1920

Annual Tax Amount $15,344

Tax Year 2023

Lot Size 1,400 Sqft

Acres 0.03

Lot Dimensions 20.00 x 70.00

Property Description

Nestled at the heart of Philadelphia's vibrant cityscape stands the remarkable Landmark property, an iconic establishment gracing the prominent intersection of 10th and Locust. With an illustrious history and a prime location, this turnkey corner restaurant and bar, along with six accompanying apartments, awaits its next visionary proprietor. Providing an unparalleled opportunity to step into the world of hospitality and thriving entrepreneurship.

For generations, the Locust Bar has stood as an enduring neighborhood staple, a cherished destination for locals and visitors alike. Its inviting ambiance and rich legacy have made it a beloved cornerstone of the community, offering a warm and welcoming atmosphere for patrons to gather and create cherished memories.

The bar and restaurant are not just a property but a complete experience, thoughtfully curated and fully equipped to ensure its continued success. Its doors are open, and the wheels of hospitality are in perpetual motion, operating seven days a week. This perpetual activity ensures that the establishment remains an integral part of the community's social fabric, offering a place for celebration, camaraderie, and connection.

The investment potential here is truly remarkable, reflecting a solid and attractive return on investment. As a savvy entrepreneur, this property offers not only a piece of Philadelphia's rich history but also a tangible and thriving business ready for your stewardship. Symbol of the establishment's esteemed reputation, you can take the helm of this beloved institution and guide it into a prosperous future.

Whether you're a seasoned hospitality professional seeking your next venture or a visionary newcomer looking to make your mark, the Landmark property at 10th and Locust is an opportunity that promises not only financial reward but also the chance to become a cherished part of Philadelphia's vibrant culture.

Location

State PA

County Philadelphia

Area 19107 (19107)

Zoning CMX2

Interior

Hot Water Natural Gas

Heating Hot Water

Cooling Central A/C,Window Unit(s)

Heat Source Natural Gas

Exterior

Waterfront N

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 881519950

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash,Conventional

Listing Terms Cash,Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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