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709-715 N 2nd St
Philadelphia, PA 19123

Industrial Property 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.

PROPERTY FACTS

Sale Type Investment
Property Type Industrial
Property Subtype Showroom
Building Class C
Lot Size 0.20 AC
Rentable Building Area 24,429 SF
Number of Floors 4
Year Built 1915
Clear Ceiling Height 16 ft
Cross Streets Fairmount Ave

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
882008960
Land Assessment
£267,221
Improvements Assessment
£1,068,885
Total Assessment
£1,336,107

zoning

Zoning Code 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)
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)
  • Listing ID: 34161390

  • Date on Market: 11/12/2024

  • Last Updated:

  • Address: 709-715 N 2nd St, Philadelphia, PA 19123

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