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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.
| DAYS ON MARKET | 203 | LAST UPDATED | 10/18/2023 |
|---|---|---|---|
| YEAR BUILT | 1920 | COMMUNITY | PHILADELPHIA |
| COUNTY | PHILADELPHIA | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | THE SCHOOL DISTRICT OF PHILADELPHIA |
|---|
| ADDITIONAL DETAILS | |
| AIR | Central A/C, Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | PHILADELPHIA |
| BUYER'S BROKERAGE COMPENSATION | 2.5 |
| CONSTRUCTION | Masonry |
| HEAT | Hot Water |
| HOA DUES | None |
| LOT | 1307 sq ft |
| LOT DIMENSIONS | 20.00 x 70.00 |
| SEWER | Public Sewer |
| TAXES | 15344.00 |
| WATER | Public |
| ZONING | CMX2 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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