990-92 N 2ND ST Philadelphia, PA 19123
2,350 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Lot Size 2,350 Sqft
MLS Listing ID PAPH2518294
Subdivision Northern Liberties
Total Units 6
Short Sale No
Originating MLS BRIGHT
Property Description
990 N 2nd has continuously operated as a 3 unit multifamily for decades. 992 N 2nd was built from the ground up in 2010. The property has ground floor commercial and a Wildey St entrance to the light filled apartments above. In August of 2026, the commercial tenant is coming to the end of their term with no options in place for renewal. While the tenant has indicated they would like to stay, this offers an opportunity to retenant at market rate which is substantially higher than the current lease. Alternatively, an owner operator will have an opportunity in an unmatched location for the neighborhood. Additionally, the first floor of 990 N 2nd should be converted to retail for both increased rent and conversion to a NNN format.
Location
State PA
County Philadelphia
Area 19123 (19123)
Zoning CMX2.5
Interior
Hot Water Natural Gas, Electric
Heating Hot Water
Cooling Central A/C
Heat Source Natural Gas
1-purchase type For Sale
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type None
Building
Lot Description Corner
New Construction N
Lot Dimensions 15.00 x 78.00
Sewer Public Sewer
Water Public
Schools
School District Philadelphia City
Others
Tax Amount $8,639
Tax Year 2024
Tax ID 057057200
Ownership Fee Simple
Special Sale Standard
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