235 S 10TH ST, Philadelphia, PA 19107
235 S 10TH ST, Philadelphia, PA 19107
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Rakan Abuzahra

Rakan Abuzahra

+1(302) 245-7668
Listed by Alia Asanova • Keller Williams Real Estate Tri-County
$ 1,900,000
Est. payment | /mo

1,400 Sqft Lot

Save
$ 1,900,000
Est. payment | /mo
Save

1,400 Sqft Lot

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID PAPH2664676

Year Built 1920

Annual Tax Amount $18,431

Tax Year 2026

Lot Size 1,400 Sqft

Acres 0.03

Lot Dimensions 20.00 x 70.00

Property Sub-Type Retail

Source BRIGHT

Property Description

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 an entrepreneur, this property offers a piece of Philadelphia's rich history and a 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

Location

State PA

County Philadelphia

Area 19107 (19107)

Zoning CMX2

Interior

Hot Water Natural Gas

Heating Hot Water

Cooling Central A/C, Window Unit(s)

Flooring Laminated, Tile/Brick, Vinyl

Inclusions All bar equipment and inventory not currently leased

Heat Source Natural Gas

Exterior

Utilities Available Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

Water Access N

Accessibility None

Garage N

Building

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 881519950

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Bright MLS (BMLS)

NEARBY SCHOOLS & PROPERTIES

Rakan Abuzahra

+1(302) 245-7668

rakan.a@firststatehometeam.com

1521 Concord Pike, Suite 102, Wilmington, DE 19803, United States

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235 S 10TH ST