Historic Boutique Hotel with
For Sale
$2,500,000
140 N 2ND STREET, Philadelphia, PA 19106
Fully operational 5-key boutique hotel in a renovated 1899 building with an on-site art gallery and courtyard.
Property Size3,500 SF
Price / SF$714.29
Days on Market117
Property Features for 140 N 2ND STREET
General Information
Standard status
Active
Size
3,500 SF
Additional Details
Furnished
Yes
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$9,191
Amenities
art gallery
private outdoor courtyard
basement speakeasy
Building Details
Building Size
3,500 SF
Year Built
1899
Year Renovated
2024
Listing Agency:
SDG Management, LLC
Listed By:
Shawn E Witter · License #RS326040
(267) 446-9133
Source:
Kingswayrealty
Added: May 18
Changed: Sep 10
Last Checked: Sep 11 at 4:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SDG Management, LLC
Investment Insights
Based on property information with market context.
The Gas Lamp Hotel is a fully operational 5-key boutique hotel built in 1899 and extensively renovated in 2024. The property offers five individually designed guest suites: Adams, Davy, Edison, Latimer, and Tesla, with the Edison Suite configured as a premium three-bedroom layout including a full kitchen. The hotel also includes a ground-floor art gallery, a private outdoor courtyard, and a fully built-out basement speakeasy that is currently activated as private event space.
The hotel is located in Philadelphia’s Old City Historic District at 140 N 2nd Street, positioned near major Old City visitor destinations including Independence Mall and the Delaware River waterfront.
Offered for sale, the asset includes modern systems, finishes, and FF&E following the 2024 renovation and hotel opening in August 2024, with current operations supported by a reservation system and distribution across OTA channels as well as direct bookings.
The hotel is located in Philadelphia’s Old City Historic District at 140 N 2nd Street, positioned near major Old City visitor destinations including Independence Mall and the Delaware River waterfront.
Offered for sale, the asset includes modern systems, finishes, and FF&E following the 2024 renovation and hotel opening in August 2024, with current operations supported by a reservation system and distribution across OTA channels as well as direct bookings.
Key Highlights
- Fully operational 5‑key boutique hotel in Philadelphia’s Old City Historic District at 140 N 2nd St
- Built in 1899 and substantially renovated in 2024; approximately 3,500 SF of mixed‑use space
- Five individually designed guest suites: Adams, Davy, Edison, Latimer, and Tesla
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
6,253
Businesses Nearby
Explore this area
Business Placement
Demographics for 19106, PA
15,190
Population
9,913
Households
1.5
Avg Household Size
39
Median Age
80%
College-Educated
96%
High-School Grad
0.9 sq mi
ZIP Area
16,878
Density / Sq Mi
$129,779
Median Household Income
$93,953
Median Earnings
$2,219
Median Rent
$528,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - Fully operational 5-key boutique hotel in a renovated 1899 building with an on-site art gallery and courtyard.
Where is this hotel located?
The property is located at 140 N 2ND STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Fully operational 5‑key boutique hotel in Philadelphia’s Old City Historic District at 140 N 2nd St; Built in 1899 and substantially renovated in 2024; approximately 3,500 SF of mixed‑use space; Five individually designed guest suites: Adams, Davy, Edison, Latimer, and Tesla
