The second oldest bar in Buenos Aires after Tortoni, was opened and reopened in three different centuries.

He was born in 1897 with the name of La Toja. One block away was the Central Committee of the Radical Civic Union, which is why Hipólito Yrigoyen, Marcelo T. de Alvear and other important politicians were frequently seen in his room. During the first years of the decade of the 30, in its second reopening, it was renamed Iberia and was the meeting point of the Republicans and witness of the pitched battles that took place at that time when the Franco Spanish Bar, which remained just opposite, they were given to enter the bar of their rivals.

But the history of the bar did not end with the war, the Spanish playwright and poet Federico García Lorca used to frequent it with friends.
In 1942, at the initiative of its owner Daniel Calzado, the bar was enlarged by buying the adjoining barber shop. At present, and for several years, Manuel Novo directs the destination of Iberia, which has a careful attention and a high-quality gastronomic service.
It is located in "the most Spanish corner of Buenos Aires", next to the Avenida Theater, the Hotel Castelar, and the restaurants El Globo, El Imparcial, El Hispano and Plaza Asturias.

The Bar Iberia was declared in 2005 "Site of Cultural Interest" by the Buenosairean Legislature, the one that also has distinguished it like "The Corner of the Hispanidad". On Thursday, March 29, 2007, it celebrated its reopening, after a successful architectural intervention.
Iberia is open 365 days a year, 24 hours a day.