Three-Story Bar with
New
For Sale
$2,150,000
259-61 S 15TH STREET, Philadelphia, PA 19102
The layout includes a first-floor kitchen, an upper-level stage area, and a third floor in shell condition.
Property Size4,992 SF
Price / SF$430.69
Days on Market3
Property Features for 259-61 S 15TH STREET
General Information
Standard status
Active
Size
4,992 SF
Zoning
CMX5
Taxes and HOA fees
Annual Taxes
$14,937
Amenities
Other
Building Details
Building Size
4,992 SF
Year Built
1922
Buildings
1
Stories
3
Listing Agency:
Mallin Panchelli Nadel Realty Inc
Listed By:
Nadia T Bilynsky · License #RS311101
(215) 413-4900
Source:
Evrealestate
Added: Oct 4
Changed: Oct 6
Last Checked: Oct 5 at 6:30PM
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 Mallin Panchelli Nadel Realty Inc
Investment Insights
Based on property information with market context.
This three-level bar property contains approximately 4,992 +/- SF. The first floor is configured for bar service and includes a small kitchen. A second bar occupies the floor above, with a stage area, while the third floor remains in shell condition. The building dates to 1922 and is zoned CMX-5.
Located at 259-61 S 15th Street in Philadelphia, the property is offered for sale. Its existing bar layout and unfinished upper floor are the primary physical elements of the asset.
Located at 259-61 S 15th Street in Philadelphia, the property is offered for sale. Its existing bar layout and unfinished upper floor are the primary physical elements of the asset.
Key Highlights
- Approximately 4,992 +/- SF across three floors
- Bar and small kitchen on the first floor
- Second‑floor bar with stage area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,334
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,446,680
$1.4M
Cap Rate 7%
$1,033,343
$1.0M
Cap Rate 9%
$803,711
$803.7K
Market Conditions
NOI Build-Up for 4,992 SF
Gross rent
$104.8K $21.00/SF
− Vacancy
−$8.4K −$1.68/SF
EGI
$96.4K $19.32/SF
− OpEx
−$24.1K −$4.83/SF
NOI
$72.3K $14.49/SF
Area
Philadelphia, PA
Vacancy
8.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,446,680
Cap Rate 7%
$1,033,343
Cap Rate 9%
$803,711
Alternative Uses
Best Use
Specialty Retail
$1.03M
$904.2K – $1.21M
NOI $72,334 @ 7.0% cap · market cap 3.36%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.22M
$1.06M – $1.42M
NOI $85,188 @ 7.0% cap · market cap 3.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Philadelphia, PA
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Frequently Asked Questions
What type of property is this?
Bar & Pub - The layout includes a first-floor kitchen, an upper-level stage area, and a third floor in shell condition.
Where is this bar & pub located?
The property is located at 259-61 S 15TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Approximately 4,992 +/- SF across three floors; Bar and small kitchen on the first floor; Second‑floor bar with stage area
