235 S 10Th Street Philadelphia, PA $ 2,000,000
235 S 10Th Street
$ 2,000,000
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235 S 10Th Street

Philadelphia, PA, 19107
$ 2,000,000
Baths0.0 Sq 3,479

Monthly Estimate*

$ 13,293

235 S 10Th Street, Philadelphia, PA 19107 - Image 1
235 S 10Th Street, Philadelphia, PA 19107 - Image 2
235 S 10Th Street, Philadelphia, PA 19107 - Image 3
235 S 10Th Street, Philadelphia, PA 19107 - Image 4
235 S 10Th Street, Philadelphia, PA 19107 - Image 5
235 S 10Th Street, Philadelphia, PA 19107 - Image 6
Studio

Commercial Property for sale in Philadelphia, PA

for $2,000,000. This 3,479 square foot building was built in 1920 on a lot size of 0.03.

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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Commercial Active

Price

$ 2,000,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 15,344

Style

Restaurant/Bar,Apartment Building

Lot Size

0.03

Year Built

1920

Town/City

Philadelphia

County/Region

Philadelphia

MLS | Web ID

PAPH2288590

Features
Interior
Heating Fuel Natural Gas
Hot Water Natural Gas
Heating Y/N Y
Central Air Y/N Y
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General
Sewer Public Sewer
Heating Hot Water
Cooling Central A/C Window Unit(s)
Possession Negotiable
Zoning CMX2
Construction Materials Masonry
Exclusions Transferable items that are leased - Glass washer Soda system
Year Built 1920
Property SubType Mixed Use
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality PHILADELPHIA
Business Type Restaurant/Bar Apartment Building
Accessibility None
County PHILADELPHIA
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions GPS to the corner of 10th & Locust Street
City PHILADELPHIA
Buyer Agent Compensation 2.5
Disclosures Historic Property
NumberOfUnitsTotal 2
MLS Area 19107 (19107)
Lot Size Units Square Feet
Lot Size Square Feet 1400.00
Waterfront Y/N N
Tax Annual Amount 15344.0
Price Per Sq Ft Total AG 574.88
Acceptable Financing Cash Conventional
Historic Y/N Y
Lease Considered Y/N N
Vacation Rental Y/N N
Days on Market 247
Standard Status Active
Year Built Source Estimated
Tax Lot 176
Buyer Agent Compensation Type % Of Gross
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Exterior
Water Source Public
Type of Parking On Street
Water View Y/N N
Building Area Total 3479.00
Lot Dimensions 20.00 x 70.00
Lot Size Acres 0.03
Lot Size Source Estimated
Land Assessed Value 328860.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 235
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* Excluded Features
List By
Keller Williams Real Estate Tri-County

Broker

vincentc@kw.com

Email

Affordability Calculator

$14,571
Per Month
91%
9%
0%
Monthly Principal & Interest
$13,293
Monthly Property Taxes
$1,279
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/21/2024$2,000,000 -19.52% Price Down
10/18/2023$2,485,000 Listed Price

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235 S 10Th Street, Philadelphia, PA, 19107 is a Commercial Property for sale at $2,000,000 with 3,479 sqft and a lot size of 0.03. 235 S 10Th Street is a studio with 0.0 baths and was built in 1920. The property's zip code is 19107 which is in Philadelphia, PA