637 N 2nd St - Storefront Retail/Residential FOR SALE


Philadelphia, PA 19123- Northern Liberties
$899,900 USD
215-885-7600
637 N 2nd St, Philadelphia, PA for Sale
$899,900 USD
Storefront Retail/Residential - FOR SALE
1/3
null | Request Cap Rate

637 N 2nd St
Philadelphia, PA 19123
Northern Liberties


OVERVIEW

Rare opportunity to own a beautifully maintained corner mixed-use property in Northern Liberties, This distinctive income-producing property is located on a prime corner and signaled location. This property is just steps from neighborhood restaurants, cafes, shopping, entertainment, and convenient access to Center City, major roadways, and public transportation. An excellent opportunity for an investor, owner-occupant, or mixed-use buyer seeking rental income, street presence, and a prime Philadelphia location all in one property. Each unit is separately metered for electric and gas, making this a great investment opportunity for any investor and an excellent option for a 1031 exchange. The storefront offers a striking corner presence with oversized windows, and leased by a thriving flower shop for nearly 40 years. This storefront also includes a basement level with additional storage or work space and a convenient powder room, adding flexibility and functionality. Above the retail space, the one-bedroom apartment has been updated and includes a living room, kitchen, bedroom, separate office, cherry flooring and in-unit laundry. The two-bedroom apartment spans two stories with a renovated bathroom. This is a rare chance to acquire a well-located, income-producing mixed-use asset with long-term upside in one of Philadelphia’s most sought-after neighborhoods.

FOR SALE DETAILS

PRICE

$899,900 USD

PRICE/SF

$283 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.02 AC

LAND SF

862 SF

ZONING

C2

APN/PARCEL ID

871509320

ASK ABOUT THIS PROPERTY

Liz AlexanderQuinn & Wilson Inc.More Info
215-885-7600

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Liz AlexanderQuinn & Wilson Inc.More Info
215-885-7600

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