Mixed-Use Property with Roof
For Sale
$895,000
1717 S 2nd St, Philadelphia, PA 19148
Upper-floor residence paired with a leased street-level commercial space and private outdoor areas.
Property Size3,033 SF
Price / SF$295.09
Days on Market79
Property Features for 1717 S 2nd St
General Information
Standard status
Active
Size
3,033 SF
Total Parking Spaces
3
Additional Details
Floor
Ground Floor
Office Units
1
Amenities
dedicated front entrance
convenient rear access
Building Details
Year Built
2020
Buildings
1
Stories
3
Tenancy
Single
Owner Occupied
No
Listing Agency:
KW Empower
Listed By:
Jim Onesti, Steven Onesti
Source:
Soldbypattie
Added: Jul 28
Changed: Oct 4
Last Checked: Oct 12 at 9:01PM
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 KW Empower
Investment Insights
Based on property information with market context.
Built in 2020, this 3033-square-foot mixed-use property combines a street-level commercial suite with a two-story residence above. The commercial portion has its own front entry and rear access and is leased through 9/30/26. The residential layout includes an open living area with fireplace, a kitchen centered on a large island, dining space, balcony, two bedrooms, two full bathrooms, and upper-floor laundry. A private roof deck adds outdoor space, while parking accommodates 2-3 vehicles.
Located at 1717 S 2nd St in Philadelphia’s Pennsport neighborhood, the property is near 2nd Street Brew House, Starbucks, Target, and the shopping and dining along Columbus Avenue. A tax abatement remains in place through 12/31/31.
Located at 1717 S 2nd St in Philadelphia’s Pennsport neighborhood, the property is near 2nd Street Brew House, Starbucks, Target, and the shopping and dining along Columbus Avenue. A tax abatement remains in place through 12/31/31.
Key Highlights
- 3033‑square‑foot mixed‑use property built in 2020
- Street‑level commercial suite leased through 9/30/26
- Two‑story residence with 2 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,032
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$720,640
$720.6K
Cap Rate 7%
$514,743
$514.7K
Cap Rate 9%
$400,356
$400.4K
Market Conditions
NOI Build-Up for 3,033 SF
Gross rent
$65.5K $21.60/SF
− Vacancy
−$7.9K −$2.59/SF
EGI
$57.7K $19.01/SF
− OpEx
−$21.6K −$7.13/SF
NOI
$36.0K $11.88/SF
Area
Philadelphia, PA
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$720,640
Cap Rate 7%
$514,743
Cap Rate 9%
$400,356
Alternative Uses
Best Use
Mixed Use
$514.7K
$450.4K – $600.5K
NOI $36,032 @ 7.0% cap · market cap 4.03%
Second Best
Retail
$489.7K
$428.5K – $571.3K
NOI $34,280 @ 7.0% cap · market cap 3.83%
Theoretical Best
Multifamily LT 5
$739.4K
$647.0K – $862.6K
NOI $51,758 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,146
Businesses Nearby
579k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 44%
Groceries 14%
Dining 13%
Shops & Services 11%
Walmart
Superstores
152,363 visits/mo
0.4 miles
Target
Superstores
105,271 visits/mo
0.3 miles
The Home Depot
Home Improvements & Furnishings
49,459 visits/mo
0.4 miles
Wawa
Shops & Services
38,950 visits/mo
0.2 miles
ACME Markets
Groceries
34,436 visits/mo
0.4 miles
Demographics for 19148, PA
53,976
Population
22,944
Households
2.4
Avg Household Size
36
Median Age
39%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
12,851
Density / Sq Mi
$80,469
Median Household Income
$50,067
Median Earnings
$1,492
Median Rent
$296,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Philadelphia, PA
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Upper-floor residence paired with a leased street-level commercial space and private outdoor areas.
Where is this mixed-use property located?
The property is located at 1717 S 2nd St Philadelphia, PA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 3033‑square‑foot mixed‑use property built in 2020; Street‑level commercial suite leased through 9/30/26; Two‑story residence with 2 bedrooms and 2 full bathrooms
