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INVESTMENT HIGHLIGHTS
- Tremendous Location in Old City
- 6 Additional Apartments for Additional Income
- Long Time Established Bar/Restaurant
EXECUTIVE SUMMARY
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
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,745 SF
Building Class
C
Year Built
1920
Price
$1,900,000
Price Per SF
$507.34
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.68
Lot Size
0.03 AC
Zoning
C2 - Currently used as a Bar/Restaurant on the first floor with six (6) apartments.
Frontage
20’ on 10th St
AMENITIES
- Signalized Intersection
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (87)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 881519950 | Improvements Assessment | $767,340 |
| Land Assessment | $328,860 | Total Assessment | $1,096,200 |
PROPERTY TAXES
Parcel Number
881519950
Land Assessment
$328,860
Improvements Assessment
$767,340
Total Assessment
$1,096,200
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Contact the Sale Advisor
235 S 10th St
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