Two-Venue Bar and Pub
For Sale
Contact for pricing
1507-11 Locust Street, Philadelphia, PA 19102
Two established hospitality venues occupy a consolidated Philadelphia property with CMX-5 zoning and redevelopment flexibility.
Property Size17,143 SF
Lot Size0.19 Acres
Price / SF$554.16
Days on Market10
Property Features for 1507-11 Locust Street
General Information
Standard status
Active
Size
17,143 SF
Lot size
0.19 Acres
Property subtype
Retail
Zoning
CMX-5
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$594,000
Building Details
Buildings
3
Tenancy
Multi
Listing Agency:
Jim Roche Real Estate
(215) 558-1071
Listed By:
Marco Di Gabriele · License #PA RS338768
Source:
Crexi
Added: Jul 28
Changed: Aug 5
Last Checked: Aug 5 at 7:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jim Roche Real Estate
Investment Insights
Based on property information with market context.
This bar and pub assemblage combines two separately configured venues across three structures. The property contains approximately 17,143 square feet of gross building area on a combined 8,283-square-foot contiguous lot. At 1507-11 Locust Street, Misconduct Tavern occupies a one-story building with a partially finished lower level and 4,901 square feet of gross building area on a 3,271-square-foot interior lot. The Vesper Lounge at 223 S. Sydenham Street spans two stories plus a fully finished lower level, totaling 12,242 square feet on a 5,012-square-foot interior lot.
The property carries CMX-5 zoning, which permits high-density residential and commercial development by-right. Its Philadelphia location places both hospitality operations within a consolidated ownership structure while retaining the flexibility associated with the existing buildings and zoning designation.
The property carries CMX-5 zoning, which permits high-density residential and commercial development by-right. Its Philadelphia location places both hospitality operations within a consolidated ownership structure while retaining the flexibility associated with the existing buildings and zoning designation.
Key Highlights
- Two bar and restaurant venues across three structures
- Approximately 17,143 square feet of gross building area
- Combined land area of 8,283 square feet on a contiguous lot
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
25,331
Businesses Nearby
274k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Apparel 25%
Shops & Services 16%
Hotels & Casinos 14%
The Ritz-Carlton, Philadelphia
Hotels & Casinos
30,824 visits/mo
0.3 miles
Starbucks
Dining
22,463 visits/mo
0.3 miles
UNIQLO
Apparel
20,066 visits/mo
0.2 miles
Starbucks
Dining
16,511 visits/mo
0.5 miles
Ocean Prime
Dining
15,550 visits/mo
0.1 miles
Demographics for 19102, PA
7,568
Population
4,606
Households
1.6
Avg Household Size
32
Median Age
87%
College-Educated
98%
High-School Grad
0.2 sq mi
ZIP Area
37,840
Density / Sq Mi
$114,844
Median Household Income
$79,552
Median Earnings
$2,249
Median Rent
$412,200
Median Home Value
Market
Vacancy Rate% for Retail in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Two established hospitality venues occupy a consolidated Philadelphia property with CMX-5 zoning and redevelopment flexibility.
Where is this bar & pub located?
The property is located at 1507-11 Locust Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $9,500,000.
What are key features of this property?
This property features: Two bar and restaurant venues across three structures; Approximately 17,143 square feet of gross building area; Combined land area of 8,283 square feet on a contiguous lot
