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INVESTMENT HIGHLIGHTS
- 3 floors plus basement
- Basement has sotage, walk-in, and utilities
- 1 bar on 1st floor, 1 bar on 2nd floor
- Property is listed on Phila Historic Registry
- Small kitchen on first floor, includes inactive old hood
- Brick exterior, stone and masonry foundation
EXECUTIVE SUMMARY
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.
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.
TAXES & OPERATING EXPENSES (ACTUAL - 2026) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
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-
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| Operating Expenses |
-
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-
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| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2026) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,992 SF
Building Class
C
Year Built
1922
Price
$2,450,000
Price Per SF
$490.79
Tenancy
Single
Building Height
3 Stories
Building FAR
3.00
Lot Size
0.04 AC
Zoning
CMX-5
Frontage
32’ on 15th St
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (88)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 882934165 | Improvements Assessment | $853,680 |
| Land Assessment | $213,420 | Total Assessment | $1,067,100 |
PROPERTY TAXES
Parcel Number
882934165
Land Assessment
$213,420
Improvements Assessment
$853,680
Total Assessment
$1,067,100
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