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    140 N 2ND Street

    PHILADELPHIA, PA 19106
    • $875,000
    • STATUS: Active
    • ON SITE: 171 days
    • ID#: PAPH894196
    UPDATED: 34 min ago
    $875,000
    • 0
      BEDS
    • 0.04
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1920
    County:

    School Ratings & Info

    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.

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    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Nexthome Force Realty Partners. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-10-31T20:50:26.43.
    www.forcenj.com/homes/105766122
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    140 N 2ND Street PHILADELPHIA, PA 19106

    • Price: $875,000
    • Status: Active
    • Updated: 34 min ago
    • ID#: PAPH894196
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.04
    Acres
    1920
    Built
    Neighborhood:
    19106 (19106)
    County:
    Philadelphia
    Area:
    19106 (19106)
    School District:
    The School District Of Philadelphia
    Property 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.
    Exterior Features

    Construction Materials Masonry Garage YN No Parking Types On Street Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 3405.00 Cooling Other Heating Other Heating YN Yes Net Square Feet 2000.00

    Property Features

    Accessibility Features Other Assessment Year 2020 Association YN No Business Type Apartment BuildingOther/General RetailProfessional Central Air YN No Cooling Fuel Other Heating Fuel Other Hot Water Other Incorporated City Name Philadelphia Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 304122528066 Ownership Interest Fee Simple Possession Settlement Property Sub Type Mixed Use Sale Type Standard Sewer Public Septic Tax Annual Amount 7581.00 Tax Assessment Amount 541600.00 Tax Lot 128 Vacation Rental YN No Water Source Public Zoning Cmx3

    Listing courtesy of Tcs Mgt Llc.


    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Nexthome Force Realty Partners. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-10-31T20:50:26.43.
     
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    Nexthome Force Realty Partners
    36 Monmouth Street, Unit 2
    Shrewsbury NJ, 07701