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259-261 S 15th St 4,992 SF Retail Building Philadelphia, PA 19102 $2,450,000 ($490.79/SF)

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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.

TAXES & OPERATING EXPENSES (ACTUAL - 2026) Click Here to Access

ANNUAL ANNUAL PER SF
Taxes - -
Operating Expenses - -

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)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Cyclebar
Bank of America
Chase Bank
The Cheesecake Factory
Surf City Squeeze
IHOP
NY Pizza Department
Saxbys
Starbucks
Pret A Manger

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
882934165
Land Assessment
$213,420
Improvements Assessment
$853,680
Total Assessment
$1,067,100
  • Listing ID: 39157298

  • Date on Market: 1/21/2026

  • Last Updated:

  • Address: 259-261 S 15th St, Philadelphia, PA 19102

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