As highlighted in a recent report from The Philadelphia Inquirer, Center City’s food and beverage landscape is undergoing a dynamic evolution.
As long-standing tavern locations transition into new hands and established concepts adapt to shifting market demands, MPN Realty is actively guiding some of the most visible and historic commercial listings in the corridor.
259 S. 15th Street
A Prime Opportunity at an Iconic Address
The building housing the legendary McGlinchey’s Bar at 259 S. 15th Street is on the market, represented by MPN Realty’s Nadia Bilynsky and Dennis Carlisle.
This property presents an immediate window of opportunity in an unbeatable location. Commercial opportunities of this caliber, offering nearly 5,000 square feet of prime Center City footprint with high foot traffic, are exceptionally rare. The address is currently listed at $2.45 million and serves as a blank canvas for the next visionary operator or redeveloper.
- Space Highlights: Approximately 5,000 square feet spanning multiple floors, including a shell condition third floor.
- Included Assets: Active liquor license, two existing bars, stage area, and small kitchen setup.
- Potential: Ideal as a turnkey bar or restaurant concept, or as a complete commercial redevelopment site.
1123 Walnut Street
Capitalizing on Center City Real Estate Momentum
A few blocks east, MPN Realty’s Veronica Blum and Joe Scarpone are spearheading the sale of 1123 Walnut Street, which currently houses Tod Wentz’s American tavern, The Hayes, and was formerly the home of the historic Irish Pub.
Chef and restaurateur Tod Wentz listed the 6,776 square foot property for $2.93 million to capitalize on the robust gains in Center City commercial real estate values over recent years. The restaurant remains fully operational, providing a seamless transition for potential buyers.
- Space Highlights: 6,776 square feet extending through to Moravian Street, featuring two floors of dining space plus upper level office and storage space.
- Included Assets: Full restaurant equipment, active liquor license, and outdoor dining permits.
- Positioning: Situated along one of Center City’s most active dining and retail corridors, surrounded by thriving local and national concepts.
Key Listing Overview
| Property Address | Listing Agents | Asking Price | Building Size | Key Offering Features |
| 259 S. 15th St (McGlinchey’s) | Nadia Bilynsky & Dennis Carlisle | $2,450,000< | ~5,000 SF | Liquor license, 2 bars, kitchen, turnkey or redevelopment potential |
| 1123 Walnut St (The Hayes) | Veronica Blum & Joe Scarpone | $2,930,000 | 6,776 SF | Fully equipped restaurant, liquor license, outdoor seating, through block layout |
Whether shaping new hospitality destinations or realizing market equity in established real estate, MPN Realty continues to drive momentum across Philadelphia’s commercial corridors.
For full listing details, floor plans, or to schedule a private walkthrough of 259 S. 15th St or 1123 Walnut St, reach out to the MPN Realty team today.
Looking for the right space for your business or interested in our landlord representation services? Contact MPN Realty today to learn more about our current opportunities.
