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$1,900,000
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Property Description
Nestled at the heart of Philadelphia's Old City stands the remarkable Landmark property, an iconic establishment gracing the prominent intersection of 10th and Locust. Locust Bar offers prime location as a turnkey corner restaurant and bar. This amazing property also boasts six accompanying apartments offering a wholly separate source of revenue. Investors have a value add opportunity with the 6 apartments - simple renovations/upgrades could easily yield increased rents. Locust Bar has stood as an enduring neighborhood staple, a cherished destination for locals and visitors alike. The investment potential here is truly remarkable, reflecting a solid and attractive return on investment. As a savvy entrepreneur, this property offers not only a piece of Philadelphia's rich history but also a tangible and thriving business ready for your stewardship. Whether you're a seasoned hospitality professional seeking your next venture or a visionary newcomer looking to make your mark, the Landmark property at 10th and Locust offers a tremendous investment and business opportunity. Please note that the R liquor license is available for purchase for an additional $200,000.00
Full Property Details
Full Property Details for 235 S 10th St
General
- Price: $1,900,000
- Taxes: $15,344 (2023)
- Status: Active
- Type: Apartment
- Source: BrightMLSPhilly
- MLS ID: PAPH2549482
- Updated: 12/17/2025
- Added to Site: 87 day(s) ago
Business
- Business Type: Apartment Building, Restaurant/Bar
Parking
- Parking Type: On Street
Location
- Area: 19107 (19107)
- Municipality: PHILADELPHIA
- County: PHILADELPHIA
- Driving Directions: GPS to the corner of 10th & Locust Street
- Historic District: Yes
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C, Window Unit(s)
- Cooling Fuel: Electric
- Heating Type: Hot Water
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Masonry
- Building Size: 3479
- Year Built: 1920
- Year Built Source: Estimated
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.03
- Lot Size (Sq. Ft.): 1,400
- Lot Size Source: Estimated
- Lot Dimensions: 20.00 x 70.00
- Zoning: CMX2
Financial Considerations
- Price Per Sq. Ft.: $546.13
- Assessment Year: 2023
- School Tax: $8,419
- City/TownTax: $6,924
- City/TownTax Freq: Annually
- Tax w/Assessment: $1,096,200
- Tax Amount: $15,344
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Exclusions: Transferable items that are leased - Glass washer, Soda system
- Lot Number: 176
Listed by Keller Williams Real Estate Tri-County, Vincent Carnuccio
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Schools
Schools serving 235 S 10th St
School District:Philadelphia City School District
| Name | Grades | Distance |
|---|---|---|
McCall Gen George A School 325 South 7th Street, Philadelphia, PA 19106 | K-8 | 0.3 mi |
Franklin Benjamin High School 550 North Broad Street, Philadelphia, PA 19130 | 12-11 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 235 S 10th St
Date
Details
Price
Change
Source
10/23/2025
Listed
$1,900,000
420.55%
MLS
2/17/2004
Sold
$365,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 235 S 10th St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$15,345
—
$1,096,200
—
2024
$15,345
—
$1,096,200
100%
2021
$15,345
—
-100%
2023
$15,345
—
$1,096,200
—
2020
$15,345
1%
$1,096,200
1%
2019
$15,231
36%
$1,088,100
36%
2018
$11,172
27%
$798,100
27%
2017
$8,819
—
$630,000
—
2016
$8,819
4%
$630,000
—
2015
$8,442
—
$630,000
—
2014
$8,442
26%
$630,000
816%
2013
$6,722
—
$68,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 235 S 10th St
235 S 10th Street, Philadelphia, PA 19107 (MLS# PAPH2549482) is a Apartment property. 235 S 10th Street is currently listed for $1,900,000 and was received on October 23, 2025. Want to learn more about 235 S 10th Street? Do you have questions about finding other Apartment real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

