259 S 15th St Philadelphia, PA 19102
4,992 SF bar/restaurant property with redevelopment potential.
Property Features for 259 S 15th St
General Information
- Standard status
- Active
- Size
- 4,992 SF
- Property subtype
- RETAIL
Listing office MPN Realty, Inc. (267) 441-0601
Listing date May 18, 2026
Source Moodyscre
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 MPN Realty, Inc.
Investment Insights
Based on property information with market context.
Key Highlights
- Iconic Philadelphia Landmark: Formerly McGlinchey's, offering instant recognition.
- High‑Traffic CMX‑5 Zoning: Allows for a wide range of commercial uses and potential redevelopment.
- Sizeable 4,992 +/- SF: Provides ample space for various business concepts.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $104.8k | $21.00 |
| − Vacancy | −$8.4k | −$1.68 |
| EGI | $96.4k | $19.32 |
| − OpEx | −$24.1k | −$4.83 |
| NOI | $72.3k | $14.49 |
Alternative Uses
Property Analytics
Current Use by Public Records
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