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35 S 2nd St
Philadelphia, PA 19106
Old City Retail Condo · Retail Property For Sale
Investment Highlights
- The subject property benefits from excellent visibility to traffic on 2nd Street (5,762 VPD) and is in close proximity to Market St and I-95
- Old City has some of Philadelphia's best Walk Scores (99), Bike Scores (97) and Transit Scores (100)
- Dense, affluent and growing resident base - 48,000 residents and avg. HHI exceeding $157,000 in the mile surrounding the property
- Population in the mile radius surrounding the property grew 27% since 2010 and positive growth is projected to continue through 2027.
- Mei Mei’s lease has over 7 years remaining and features 2.5% annual rental increases throughout the base term
- Known as 'America’s Most Historic Square Mile', Old City is a national tourist destination that sees millions of visitors annually
Property Facts
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,700 SF
Building Class
C
Year Built
1900
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.00
Lot Size
0.08 AC
Zoning
C3, Philadelphia - It supports high-intensity commercial use with large building footprints and significant parking requirements
Frontage
20’ on 2nd St
Amenities
- Restaurant
Property Taxes
| Parcel Number | 888039566 | Improvements Assessment | $935,000 |
| Land Assessment | $165,000 | Total Assessment | $1,100,000 |
Property Taxes
Parcel Number
888039566
Land Assessment
$165,000
Improvements Assessment
$935,000
Total Assessment
$1,100,000
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