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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 - w
Parking
1 Spaces (0.63 Spaces per 1,000 SF Leased)
Frontage
12’ on 2nd St

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 1,600 SF
  • Retail
  • In-Line
  • May 2026

$4000 all in rent cost. Prime storefront opportunity located directly on 2nd Street in the heart of Old City—an unbeatable location with excellent visibility and foot traffic. Currently operating as a tattoo parlor, this versatile space offers a flexible layout featuring four private rooms, a full bathroom, and generous storage throughout. The property also includes basement space, providing additional storage or operational flexibility. With its adaptable floor plan, the space can accommodate a wide range of business uses, making it an ideal fit for an owner-user or investor looking to position themselves in one of Philadelphia’s most sought-after commercial corridors. Location is everything, and this property delivers. The current tenants are scheduled to vacate by 5/1—don’t miss the opportunity to secure a presence in Old City. Opportunities like this don’t last long—schedule your showing today

Space Size Space Use Position Available
1st Floor 1,600 SF Retail In-Line May 2026

1st Floor

Size
1,600 SF
Space Use
Retail
Position
In-Line
Available
May 2026

1st Floor

Size 1,600 SF
Space Use Retail
Position In-Line
Available May 2026

$4000 all in rent cost. Prime storefront opportunity located directly on 2nd Street in the heart of Old City—an unbeatable location with excellent visibility and foot traffic. Currently operating as a tattoo parlor, this versatile space offers a flexible layout featuring four private rooms, a full bathroom, and generous storage throughout. The property also includes basement space, providing additional storage or operational flexibility. With its adaptable floor plan, the space can accommodate a wide range of business uses, making it an ideal fit for an owner-user or investor looking to position themselves in one of Philadelphia’s most sought-after commercial corridors. Location is everything, and this property delivers. The current tenants are scheduled to vacate by 5/1—don’t miss the opportunity to secure a presence in Old City. Opportunities like this don’t last long—schedule your showing today

Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
100/100
Moderately bikeable
60/100

Nearby Major Retailers

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

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 871008600
  • 052048250
Land Assessment
$260,260
Improvements Assessment
$1,041,040
Total Assessment
$1,301,300
  • 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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