Consolidated Two-Venue Bar &
New
For Sale
$9,500,000
1507-1511 LOCUST STREET, Philadelphia, PA 19102
Consolidated bar and restaurant assemblage on CMX-5-zoned land with two separately configured venues across three structures.
Property Size17,143 SF
Lot Size0.19 Acres
Price / SF$554.16
Days on Market4
Property Features for 1507-1511 LOCUST STREET
General Information
Standard status
Active
Size
17,143 SF
Lot size
0.19 Acres
Zoning
CMX-5
Building Details
Building Size
12,242 SF
Year Built
1984
Buildings
3
Listing Agency:
KW Empower
(215) 714-9539
Listed By:
James F Roche Jr. · License #RS332204
(215) 714-9539
Source:
Kingswayrealty
Added: Jul 28
Changed: Jul 31
Last Checked: Jul 31 at 2:49AM
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 KW Empower
Investment Insights
Based on property information with market context.
Consolidated bar and restaurant assets located at 1507-11 Locust Street and 223 S. Sydenham Street have been combined into a single, contiguous lot. The assemblage includes approximately 17,143 square feet of gross building area across three distinct structures and two separately configured venues, situated on a combined land area of 8,283 square feet.
1507-11 Locust Street features Misconduct Tavern, a one-story bar and restaurant with a partially finished lower level totaling 4,901 square feet of gross building area on a 3,271 square foot interior lot. 223 S. Sydenham Street features The Vesper Lounge, a two-story bar and restaurant with a fully finished lower level totaling 12,242 square feet of gross building area on a 5,012 square foot interior lot.
The property carries CMX-5 zoning designation, Philadelphia’s highest-density commercial classification, with by-right permitting for high-density residential and commercial development. The buildings were constructed in 1984.
1507-11 Locust Street features Misconduct Tavern, a one-story bar and restaurant with a partially finished lower level totaling 4,901 square feet of gross building area on a 3,271 square foot interior lot. 223 S. Sydenham Street features The Vesper Lounge, a two-story bar and restaurant with a fully finished lower level totaling 12,242 square feet of gross building area on a 5,012 square foot interior lot.
The property carries CMX-5 zoning designation, Philadelphia’s highest-density commercial classification, with by-right permitting for high-density residential and commercial development. The buildings were constructed in 1984.
Key Highlights
- Consolidated bar and restaurant assemblage totaling 17,143 SF across three structures
- Two separately configured venues: Misconduct Tavern and The Vesper Lounge
- 1507‑11 Locust Street Misconduct Tavern: 4,901 SF across one story plus partially finished lower level
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
21,096
Businesses Nearby
257k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Apparel 27%
Shops & Services 16%
Hotels & Casinos 15%
The Ritz-Carlton, Philadelphia
Hotels & Casinos
30,824 visits/mo
0.4 miles
Starbucks
Dining
22,463 visits/mo
0.2 miles
UNIQLO
Apparel
20,066 visits/mo
0.2 miles
Ocean Prime
Dining
15,550 visits/mo
0.2 miles
Urban Outfitters
Apparel
15,117 visits/mo
0.2 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
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Consolidated bar and restaurant assemblage on CMX-5-zoned land with two separately configured venues across three structures.
Where is this bar & pub located?
The property is located at 1507-1511 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: Consolidated bar and restaurant assemblage totaling 17,143 SF across three structures; Two separately configured venues: Misconduct Tavern and The Vesper Lounge; 1507‑11 Locust Street Misconduct Tavern: 4,901 SF across one story plus partially finished lower level
