235 S 10th St - Storefront Retail/Residential FOR SALE


Philadelphia, PA 19107- Washington Square West
$1,900,000 USD
215-860-4200
235 S 10th St, Philadelphia, PA for Sale
$1,900,000 USD
Storefront Retail/Residential - FOR SALE
1/8
null | Request Cap Rate

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235 S 10th St
Philadelphia, PA 19107
Washington Square West


HIGHLIGHTS

  • Tremendous Location in Old City
  • Long Time Established Bar/Restaurant
  • 6 Additional Apartments for Additional Income

OVERVIEW

Nestled at the heart of Philadelphia's Old City stands the remarkable Landmark property, an iconic establishment gracing the prominent intersection of 10th and Locust. Locust Bar offers prime location as a turnkey corner restaurant and bar. This amazing property also boasts six accompanying apartments offering a wholly separate source of revenue. Investors have a value add opportunity with the 6 apartments – simple renovations/upgrades could easily yield increased rents. Locust Bar has stood as an enduring neighborhood staple, a cherished destination for locals and visitors alike. 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. 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 offers a tremendous investment and business opportunity. Please note that the R liquor license is available for purchase for an additional $200,000.00

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$507 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Bar, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,398 SF

ZONING

C2

APN/PARCEL ID

881519950

ASK ABOUT THIS PROPERTY

Ron IsgateKeller Williams Real EstateMore Info
215-860-4200

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Ron IsgateKeller Williams Real EstateMore Info
215-860-4200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.