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Executive Summary
Rare opportunity to own a beautifully maintained corner mixed-use property in Northern Liberties, This distinctive income-producing property is located on a prime corner and signaled location. This property is just steps from neighborhood restaurants, cafes, shopping, entertainment, and convenient access to Center City, major roadways, and public transportation. An excellent opportunity for an investor, owner-occupant, or mixed-use buyer seeking rental income, street presence, and a prime Philadelphia location all in one property. Each unit is separately metered for electric and gas, making this a great investment opportunity for any investor and an excellent option for a 1031 exchange. The storefront offers a striking corner presence with oversized windows, and leased by a thriving flower shop for nearly 40 years. This storefront also includes a basement level with additional storage or work space and a convenient powder room, adding flexibility and functionality. Above the retail space, the one-bedroom apartment has been updated and includes a living room, kitchen, bedroom, separate office, cherry flooring and in-unit laundry. The two-bedroom apartment spans two stories with a renovated bathroom. This is a rare chance to acquire a well-located, income-producing mixed-use asset with long-term upside in one of Philadelphia’s most sought-after neighborhoods.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,180 SF
Building Class
C
Year Built
1920
Price
$899,900
Price Per SF
$282.99
Tenancy
Single
Building Height
4 Stories
Building FAR
3.69
Lot Size
0.02 AC
Zoning
C2 - CMX-25 Commercial Mixed Use
Frontage
Amenities
- Pylon Sign
- Signalized Intersection
Walk Score®
Walker's Paradise (92)
Transit Score®
Excellent Transit (82)
Bike Score®
Biker's Paradise (92)
Nearby Major Retailers
Property Taxes
| Parcel Number | 871509320 | Improvements Assessment | $434,960 |
| Land Assessment | $108,740 | Total Assessment | $543,700 |
Property Taxes
Parcel Number
871509320
Land Assessment
$108,740
Improvements Assessment
$434,960
Total Assessment
$543,700
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Contact the Sale Advisor
637 N 2nd St



