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    990 N 2Nd St Philadelphia, PA 19123

    For Sale
    $2,100,000

    Two buildings in prime location with retail and multifamily potential.

    Property size:
    4,947 SF
    Lot size:
    0.05 Acres

    Property Features for 990 N 2Nd St

    General Information

    Size
    4,947 SF
    Lot size
    0.05 Acres

    Source: MPN Realty, Inc. Agent Veronica Blum

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Northern Liberties Multifamily Retail Opportunity

    Two contiguous buildings located at 2nd & Wildey in Northern Liberties are available for purchase. Situated in the heart of the commercial corridor, the properties are located across the street from Heirloom Market, Starbucks, and The Piazza. 990 N 2nd has operated as a 3-unit multifamily property for decades. 992 N 2nd, constructed in 2010, features a ground-floor commercial space and a Wildey St entrance to the apartments above. The property offers a ground-floor commercial space. The commercial tenant's term is approaching its end in August 2026, presenting an opportunity to re-tenant at a market rate or for an owner-operator to occupy an unmatched location within the neighborhood. There is also an opportunity to convert the first floor of 990 N 2nd to retail, which would increase rent and facilitate a conversion to a NNN format. The property size is 4947 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.140369
    Latitude
    39.966036

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    FAQs

    What type of property is this?
    Multifamily property - Two buildings in prime location with retail and multifamily potential.
    Where is this multifamily property located?
    The property is located at 990 N 2Nd St Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: - Prime location in the heart of Northern Liberties' commercial corridor, across from Heirloom Market, Starbucks, and The Piazza.; - Opportunity to re-tenant the commercial space at 992 N 2nd at a substantially higher market rate in August 2026.; - Potential for an owner-operator to occupy an unmatched location.
    (215) 413-4900
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    990 N 2Nd St Philadelphia, PA 19123
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    Philadelphia, PA 19123
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    990 N 2Nd St Philadelphia, PA 19123
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