$714.29 Per Sq Foot $13,340 est/mo Sourced by Back At You

235 S 10th St,Philadelphia, PA 19107

Philadelphia PA, 19107

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Description

Nestled at the heart of Philadelphia's vibrant cityscape stands the remarkable Landmark property, an iconic establishment gracing the prominent intersection of 10th and Locust. With an illustrious history and a prime location, this turnkey corner restaurant and bar, along with six accompanying apartments, awaits its next visionary proprietor. As an added gem, the liquor license is thoughtfully included in the sale, providing an unparalleled opportunity to step into the world of hospitality and thriving entrepreneurship. For generations, the Locust Bar has stood as an enduring neighborhood staple, a cherished destination for locals and visitors alike. Its inviting ambiance and rich legacy have made it a beloved cornerstone of the community, offering a warm and welcoming atmosphere for patrons to gather and create cherished memories. The bar and restaurant are not just a property but a complete experience, thoughtfully curated and fully equipped to ensure its continued success. Its doors are open, and the wheels of hospitality are in perpetual motion, operating seven days a week. This perpetual activity ensures that the establishment remains an integral part of the community's social fabric, offering a place for celebration, camaraderie, and connection. 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. With the included liquor license, a symbol of the establishment's esteemed reputation, you can take the helm of this beloved institution and guide it into a prosperous future. 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 is an opportunity that promises not only financial reward but also the chance to become a cherished part of Philadelphia's vibrant culture.

Details

MLS#PAPH2288590
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1920
Days On Site220
Listing Provided ByKeller Williams Real Estate Tri-County | Vincent Carnuccio

Features

SQ Feet3,479
ZoningCMX2
Acreage0.03

Market Activity 19107

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Learn More About This Property

StatePA
CountyPhiladelphia
CityPhiladelphia
Zip Code19107
Area19107
School DistrictThe School District Of Philadelp
Listing VS Median (in 19107)
Price:
$2,485,000
low | high
Med:
$2,953
100% of Average
SqFt:
3,479
low | high
Med:
824
100% of Average
$ / SqFt:
$714
low | high
Med:
$4
100% of Average
On Site:
220
low | high
Med:
16.000000
100% of Average
Sourced by Back At You
Listing Updated: February 24, 2024 at 7:02:54 PM PST