The owner of the iconic South Boston restaurant Amrheins has reached an agreement to sell the half-acre site for $18 million, a restaurant manager said Friday.
Rory Mulrey, manager of the establishment that bills itself as “The Oldest Restaurant & Bar in Southie,” said his father, Stephen Mulrey — who owns the property — has reached an agreement with City Point Capital, a real estate development firm based on A Street. The agreement has yet to be finalized, and the property still needs to be inspected, among other things, he said.
“Nothing’s final,” Mulrey said.
The business itself was not sold, Mulrey said. Amrheins will remain open at the corner of West Broadway and A Street, where it has called home since 1890, for at least another year and a half, since the business would still retain a lease there, he said. That lease could be extended — but the restaurant could also move to a different location, Mulrey said.
The restaurant would look to stay in the city, he said, but would not rule out moving out of South Boston.
“There’s nothing set . . . in stone,” he said.
The Mulrey family has owned the establishment since the 1950s. They decided to sell now, Mulrey said, because his father is approaching retirement age.
“We hope to find a great location where it can continue to serve the community,” Mulrey said.
The news was first reported by The Real Reporter, a Greater Boston real estate publication. The Globe reported in August that the restaurant — and its prized parking lot next door — had been put up for sale.
In addition to holding the title of oldest bar in South Boston, Amrheins claims to have both the first draft beer pump in the city and an ornate hand-carved wooden bar that is the oldest of its kind in America. It also holds a place in the memories of generations of residents of the tight-knit neighborhood around it.
The place also holds a spot in Boston political lore. The function room is named for former mayor James Michael Curley, and many local pols — from former city councilor Dapper O’Neil to US Representative Stephen Lynch — often held court there. It has long been a popular stop on the fund-raising circuit, and for endorsement speeches for candidates eager to gain some Southie cred.
Messages left with City Point Capital were not immediately returned late Friday afternoon.