235 S 10th St, Philadelphia, PA 19107 | For Sale

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For Sale $1,999,000

$1,999,000
  • (0)
  • 2 Units
  • Unknown Sq Ft
  • 1,400 Sq Ft
  • Unknown Cap Rate

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. 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. 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.

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Amenities

Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt

Income

Rental Units


The income description goes here to explain

Expenses

Property Details

List Price $1,999,000
Property Type Flex Space
Usable Sqft Unknown
Number of Stories 0 stories
Parking Spots 0 spots
Year Built 1920
Last Sold Unknown
Sold Price Unknown
APN # 881519950
MLS # PAPH2288590
Property ID 319991502
Lot Sqft 1,400
Zoning CMX2
Total Units 2
Days on Market 445
Original List Price Unknown
Date Updated September 06, 2024
Date Created October 17, 2023

Financials not available online. Please inquire with your agent for more details.

Listing Provided By

Vincent Carnuccio an agent of . Lic #RS317863


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Data last updated: January 04, 2025.
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