709-715 N 2nd St
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709-715 N 2nd St
24,429 SF 100% Leased Retail Building Philadelphia, PA 19123 For Sale
Executive Summary
Avison Young is pleased to offer for sale 709 - 715 N. 2nd Street (“Property” or “Building”), a 24,249 sf, Class A, retail and office investment opportunity in the heart of Northern Liberties, Philadelphia, PA. Situated on three parcels in an irreplaceable in-fill location, the rejuvenated mixed-use property offers a charming balance between modernized functionality, simplistic aesthetic appeal, and best in class building and market amenities.
Originally built in 1915 and fully renovated from 2020 – 2024, 709 - 715 N. 2nd Street is located within walking distance of many well-known restaurants, bars, and attractions. The Property is within one mile of three transit/subway stations and is located just three miles from 30th Street and Suburban Station which allows for easy access to the entire city and surrounding areas. Unlike Center City, Philadelphia, Northern Liberties is equipped with off-street parking as well as available free parking, which fronts and surrounds the Building.
Currently 100% leased to four tenants, the Property has a weighted average lease term of 6.7 years, offering stable and predictable returns for the future owner.
709 - 715 N. 2nd Street boasts high ceilings, exposed brick, polished concrete floors, and amble natural sunlight, which is in high demand among tenants and users seeking collaborative and creative space in the area.
The Building is available for sale, offering an opportunity to own a unique, Class A, live-work-play asset in the highly sought after Northern Liberties neighborhood.
Originally built in 1915 and fully renovated from 2020 – 2024, 709 - 715 N. 2nd Street is located within walking distance of many well-known restaurants, bars, and attractions. The Property is within one mile of three transit/subway stations and is located just three miles from 30th Street and Suburban Station which allows for easy access to the entire city and surrounding areas. Unlike Center City, Philadelphia, Northern Liberties is equipped with off-street parking as well as available free parking, which fronts and surrounds the Building.
Currently 100% leased to four tenants, the Property has a weighted average lease term of 6.7 years, offering stable and predictable returns for the future owner.
709 - 715 N. 2nd Street boasts high ceilings, exposed brick, polished concrete floors, and amble natural sunlight, which is in high demand among tenants and users seeking collaborative and creative space in the area.
The Building is available for sale, offering an opportunity to own a unique, Class A, live-work-play asset in the highly sought after Northern Liberties neighborhood.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
24,429 SF
Building Class
C
Year Built
1915
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
2.80
Lot Size
0.20 AC
Zoning
CMX2.5 - CMX-2.5 districts are primarily intended to accommodate active, pedestrian-friendly retail and service uses in commercial nodes and along commercial c
Walk Score ®
Walker's Paradise (93)
Transit Score ®
Excellent Transit (81)
Bike Score ®
Biker's Paradise (92)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 882008960 | Improvements Assessment | $1,349,040 |
Land Assessment | $337,260 | Total Assessment | $1,686,300 |
PROPERTY TAXES
Parcel Number
882008960
Land Assessment
$337,260
Improvements Assessment
$1,349,040
Total Assessment
$1,686,300
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709-715 N 2nd St
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