Corner Bar and Apartment
New
For Sale
$1,900,000
235 S 10th Street, Philadelphia, PA 19107
CMX2-zoned property combines a bar and restaurant with six separate apartments.
Property Size3,745 SF
Price / SF$546.13
Days on Market5
Property Features for 235 S 10th Street
General Information
Standard status
Active
Size
3,745 SF
Zoning
CMX2
Site & Location
Neighborhood
Chinatown
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Business Included
Yes
Liquor License
No
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$18,431
Amenities
Laminated,Tile/Brick,Vinyl
Natural Gas
Yes
All bar equipment and inventory not currently leased
Public
Double Entry
CA0
20.00 x 70.00
0.03
No
Assessor
On Street
Concrete Perimeter
3745.00
263300.00
Building Details
Building Size
3,745 SF
Year Built
1920
Listing Agency:
Keller Williams Real Estate Tri-County
(215) 464-8800
Listed By:
Alia Asanova · License #RS333835
(267) 574-2927
Source:
Knot6
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 3:30PM
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 Keller Williams Real Estate Tri-County
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Investment Insights
Based on property information with market context.
At the corner of S 10th Street and Locust Street, this mixed-use property contains a bar and restaurant alongside six apartments. The building dates to 1920 and has 3,479 square feet. Bar equipment and inventory are included, and the apartments provide a residential component separate from the hospitality space.
The property is located in Old City, Philadelphia, at the intersection of S 10th and Locust streets. CMX2 zoning applies. On-street parking is available.
The property is located in Old City, Philadelphia, at the intersection of S 10th and Locust streets. CMX2 zoning applies. On-street parking is available.
Key Highlights
- Six apartments accompany the bar and restaurant
- 3,479‑square‑foot building constructed in 1920
- CMX2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,723
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,094,460
$1.1M
Cap Rate 7%
$781,757
$781.8K
Cap Rate 9%
$608,033
$608.0K
Market Conditions
NOI Build-Up for 3,479 SF
Gross rent
$105.6K $30.36/SF
− Vacancy
−$6.1K −$1.76/SF
EGI
$99.5K $28.60/SF
− OpEx
−$44.8K −$12.87/SF
NOI
$54.7K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,094,460
Cap Rate 7%
$781,757
Cap Rate 9%
$608,033
Alternative Uses
Best Use
Apartment 5plus
$781.8K
$684.0K – $912.1K
NOI $54,723 @ 7.0% cap · market cap 2.88%
Second Best
Specialty Retail
$720.2K
$630.1K – $840.2K
NOI $50,411 @ 7.0% cap · market cap 2.65%
Theoretical Best
Multifamily LT 5
$848.1K
$742.1K – $989.5K
NOI $59,369 @ 7.0% cap · market cap 3.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
6
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
20,003
Businesses Nearby
Explore this area
Business Placement
Demographics for 19107, PA
17,600
Population
10,239
Households
1.7
Avg Household Size
32
Median Age
72%
College-Educated
92%
High-School Grad
0.5 sq mi
ZIP Area
35,200
Density / Sq Mi
$70,382
Median Household Income
$57,694
Median Earnings
$1,691
Median Rent
$452,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - CMX2-zoned property combines a bar and restaurant with six separate apartments.
Where is this mixed-use property located?
The property is located at 235 S 10th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Six apartments accompany the bar and restaurant; 3,479‑square‑foot building constructed in 1920; CMX2 zoning
