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44 S. 2nd Street/ 35 Strawberry Street 44 S 2nd St 4,250 SF 100% Leased Retail Building Philadelphia, PA 19106 For Sale

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INVESTMENT HIGHLIGHTS

  • Prime Old City location surrounded by dining, retail, and cultural attractions.
  • CMX-3 zoning allows for flexible future development options.
  • Two connected properties offering strong curb appeal and historic character.
  • Fully leased mixed-use configuration with stable income stream.
  • Immediate access to Market-Frankford Line for superior transit connectivity.

EXECUTIVE SUMMARY

Positioned in the heart of Philadelphia’s historic Old City district, this fully leased mixed-use property offers a rare opportunity for investors or owner-users seeking a prime urban asset. Comprising two connected buildings, the property includes four residential units and one commercial space, creating a balanced income stream and strong occupancy stability. Its CMX-3 zoning enhances flexibility for future redevelopment or adaptive reuse, making it a strategic long-term hold.
The location is unmatched, with immediate access to Old City’s vibrant amenities, including acclaimed dining, boutique retail, and cultural landmarks. Connectivity is exceptional, with the Market-Frankford Line just steps away, ensuring seamless transit throughout the city. The surrounding neighborhood attracts a dynamic mix of professionals, tourists, and residents, supporting robust demand for both residential and commercial spaces.
This property represents a turnkey investment in one of Philadelphia’s most desirable corridors, combining historic charm with modern convenience. Contact PernaFrederick Commercial Real Estate for detailed financials and pricing information.

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,250 SF
Building Class
C
Year Built
1925
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
2.97
Lot Size
0.03 AC
Zoning
CMX3
Frontage
12’ on 2nd St
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (96)
Bike Score®
Very Bikeable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Chase Bank
ACME
TD Bank
Starbucks
Citizens Bank
Chart House Restaurant
PNC Bank
Fat Tuesday
Bank of America
Bonchon

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
882608500
Land Assessment
$152,920
Improvements Assessment
$611,680
Total Assessment
$764,600
  • Listing ID: 33639939

  • Date on Market: 10/25/2024

  • Last Updated:

  • Address: 44 S 2nd St, Philadelphia, PA 19106

Contact the Sale Advisor

44 S. 2nd Street/ 35 Strawberry Street | 44 S 2nd St

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