259-261 S 15th St - Storefront Retail/Residential FOR SALE


Philadelphia, PA 19102- Avenue Of The Arts South
$2,450,000 USD
267-546-1718
259-261 S 15th St, Philadelphia, PA for Sale
$2,450,000 USD
Storefront Retail/Residential - FOR SALE
1/7
null | Request Cap Rate

NEW


259-261 S 15th St
Philadelphia, PA 19102
Avenue Of The Arts South


HIGHLIGHTS

  • 3 floors plus basement
  • Property is listed on Phila Historic Registry
  • Basement has sotage, walk-in, and utilities
  • Small kitchen on first floor, includes inactive old hood
  • 1 bar on 1st floor, 1 bar on 2nd floor
  • Brick exterior, stone and masonry foundation

OVERVIEW

MPN Realty, Inc. is pleased to present the sale of 259-61 S 15th St. aka McGlinchey’s. An iconic Philadelphia landmark bar, the 4,992 +/- SF property consists of a bar with small kitchen on the first floor, a 2nd floor bar with stage area, and a 3rd floor that is currently in shell condition. Zoned CMX-5 the site is ideal for bar/ restaurant operators, or potential redevelopment. What became McGlinchey’s was built in 1922 as a speculative office building by the Lionel Friedman Company, under the designs of the famous architecture firm Hoffman-Henon and built by the Kober Construction Company. After 10 years as the offices of the Allen-Sherman-Hoff Company, Joseph A. McGlinchey purchased the building on September 26, 1932. Mr. McGlinchey leased the first floor to a book and gift store called the Odd Shop, and opened McGlinchey’s Restaurant on the 2nd f loor, while residing on the 3rd floor. By the 1950s, McGlinchey’s was operating on the first floor while the McGlinchey family lived upstairs. In the following decades, McGlinchey’s operated as a venerated neighborhood establishment enjoyed by nearby residents and workers of all different backgrounds. In 1976, the 2nd floor was converted into the Top’s Bar, which started as a disco, later became a music and poetry venue, and finally an extension of McGlinchey’s itself. After nine decades as a beloved Center City business, McGlinchey’s closed on August 22, 2025. The site is ideal for a new owner to make its mark and continue the legacy of McGlinchey’s.

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$417 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1922

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Locust St

LAND ACRES

0.04 AC

LAND SF

1,664 SF

ZONING

CMX-5

APN/PARCEL ID

882934165

ASK ABOUT THIS PROPERTY

Nadia BilynskyMPN RealtyMore Info
267-546-1718

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

Nadia BilynskyMPN RealtyMore Info
267-546-1718

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