$875,000

140 N 2nd St

PHILADELPHIA PA, 19106

Description

A mixed-use redevelopment opportunity located in the heart of Old City~s retail district. Just blocks from Independence Hall and the Liberty Bell, this location is well within Philadelphia~s tourist district which attracts nearly 200,000 visitors every year, and is accompanied by some of the city~s best restaurants, bars and most popular retail destinations. The asset was previously used by the current owner as storage for antique items before leaving the space vacant. The first floor is structured perfectly for any incoming retail tenant with its large frontal display windows, spacious display area and auxiliary storage room, while the second, third and fourth floors are poised for residential redevelopment. All of this complimented by a separate front entrance leading to a future garden in the rear. The CMX-3 Zoning in place allows for 4 residential units by-right without any parking requirement. Redevelopment projects have been highly sought-after in Philadelphia and this opportunity is one of the last available in Old City. Old City is well known for having some of the most popular retail in the city which has attracted many young professionals and empty nesters who prefer living in center city while maintaining the benefit of easy access to major transportation hubs. Situated on 2nd street, the convenient location grants residents swift access to SEPTA~s Market-Frankfort Line and Interstate-95. Tenants also have access to the same atmosphere that sparked Philadelphia~s restaurant renaissance. From a simple caf~ visit to a chef-driven restaurant experience, Old City~s 80+ dining institutions deliver above and beyond expectation. 140 North 2nd Street presents qualified investors a rare opportunity to acquire one of the last remaining redevelopment projects in one of Philadelphia~s most sought after neighborhoods, Old City. For more information or to obtain the Offering Memorandum, contact agent.

Details

MLS#PAPH894196
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Year1920
Days On Site13

Features

SQ Feet2,000
Story(s)0
ZoningCMX3

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Area Information

StatePA
CityPHILADELPHIA
Zip Code19106
Area19106 (19106)
Listing VS Median (in 19106)
Price:
$875,000
low | high
Med:
$2,500
100% of Average
SqFt:
2,000
low | high
Med:
375
100% of Average
$ / SqFt:
$438
low | high
Med:
$2
100% of Average
On Site:
13
low | high
Med:
300.5
4.32612312812% of Average
Listing Updated: 05/25/2020
MLS Number: PAPH894196
Listing Provided By:
Angela M Calvanese  of  TCS MGT LLC