31-33 N 2nd St - Storefront Retail/Office FOR SALE


Philadelphia, PA 19106- Old City | 
$4,250,000 USD
267-713-9616
31-33 N 2nd St, Philadelphia, PA for Sale
$4,250,000 USD
Storefront Retail/Office - FOR SALE
1/50
null | Request Cap Rate

31-33 N 2nd St
Philadelphia, PA 19106
Old City


HIGHLIGHTS

  • Historic commercial building directly across from Christ Church.
  • Renovated extensively between 2016 and 2022.
  • Freight elevator serves all levels of the building.
  • Seven HVAC zones support flexible occupancy configurations.
  • Private roof deck offers views of Old City and the skyline.
  • Walkable location near transit, retail, dining, and historic attractions.

OVERVIEW

31-33 N 2nd Street offers the opportunity to acquire a fully renovated historic commercial building in the heart of Philadelphia's Old City district. Positioned directly across from Christ Church and just off Market Street, the property combines original architectural character with extensive modernization completed between 2016 and 2022. Historic elements including exposed timber beams, brickwork, restored tin ceilings, and granite schist walls are complemented by upgraded infrastructure, including seven HVAC zones, modern electrical and plumbing systems, a freight elevator serving all levels, enhanced life-safety systems, and a private roof deck overlooking the surrounding historic district. The property's flexible configuration supports a variety of ownership strategies, including headquarters occupancy, destination retail, showroom, creative office, or a hybrid owner-user investment approach. Existing income streams from office and retail occupants provide in-place revenue while preserving future flexibility for occupancy or leasing decisions. The finished lower level, street-level retail presence, and upper-floor office accommodations create multiple avenues for long-term utilization. Located within one of Philadelphia's most recognized commercial and historic neighborhoods, the property benefits from walkable access to restaurants, boutique retail, cultural institutions, hospitality venues, and major historic attractions. The surrounding area is served by SEPTA transit, Interstate 95, Interstate 676, and the Benjamin Franklin Bridge, providing regional accessibility. Nearby public investment initiatives, including the Penn's Landing redevelopment and I-95 Cap Project, continue to reinforce the area's long-term appeal for businesses, investors, and visitors.

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$226 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Owner User | Turnkey Investment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

undefined, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Cuthbert St

LAND ACRES

0.14 AC

LAND SF

6,168 SF

ZONING

CMX-3

APN/PARCEL ID

882306975

ASK ABOUT THIS PROPERTY

Michael PhillipsCompass CommercialMore Info
267-713-9616

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Michael PhillipsCompass CommercialMore Info
267-713-9616

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.