Ground-Floor Retail
For Sale
Contact for pricing
632 N 2ND STREET, Philadelphia, PA 19123
CMX-2.5 zoning and access to public transportation complement this street-level commercial space.
Property Size5,976 SF
Price / SF$0.42
Days on Market9
Property Features for 632 N 2ND STREET
General Information
Standard status
Active
Size
5,976 SF
Property subtype
Commercial
Zoning
CMX-2.5
Site & Location
Corner Location
Yes
Highway Access
Yes
Additional Details
Floor
Ground
Building Details
Year Built
1920
Listing Agency:
Mallin Panchelli Nadel Realty Inc
Listed By:
Nadia T Bilynsky · License #RS311101
(215) 413-4900
Source:
Cummingsrealtors
Added: Oct 8
Changed: Oct 15
Last Checked: Oct 16 at 9:47AM
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 Mallin Panchelli Nadel Realty Inc
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Investment Insights
Based on property information with market context.
Ground-floor retail space features large storefront windows and occupies a signalized corner at N 2nd Street and Fairmount Avenue. The property carries CMX-2.5 zoning and is positioned in Northern Liberties, amid established residential and commercial activity.
Public transportation, Center City, and I-95 are accessible from the property. The surrounding neighborhood includes restaurants, independent shops, cafés, and creative businesses.
Public transportation, Center City, and I-95 are accessible from the property. The surrounding neighborhood includes restaurants, independent shops, cafés, and creative businesses.
Key Highlights
- Ground‑floor retail space with large storefront windows
- Signalized corner at N 2nd Street and Fairmount Avenue
- CMX‑2.5 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,542
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,350,840
$1.4M
Cap Rate 7%
$964,886
$964.9K
Cap Rate 9%
$750,467
$750.5K
Market Conditions
NOI Build-Up for 5,976 SF
Gross rent
$107.6K $18.00/SF
− Vacancy
−$11.1K −$1.85/SF
EGI
$96.5K $16.15/SF
− OpEx
−$28.9K −$4.84/SF
NOI
$67.5K $11.30/SF
Area
Philadelphia, PA
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,350,840
Cap Rate 7%
$964,886
Cap Rate 9%
$750,467
Alternative Uses
Best Use
Retail
$964.9K
$844.3K – $1.13M
NOI $67,542 @ 7.0% cap · market cap 2,701.68%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.46M
$1.27M – $1.70M
NOI $101,980 @ 7.0% cap · market cap 4,079.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,901
Businesses Nearby
88k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 50%
Shops & Services 41%
Dining 7%
Electronics 1%
Target
Superstores
43,947 visits/mo
0.4 miles
Lukoil
Shops & Services
22,388 visits/mo
0.1 miles
Dunkin' Donuts
Dining
6,253 visits/mo
0.2 miles
PNC Bank
Shops & Services
3,856 visits/mo
0.5 miles
Carvana
Shops & Services
3,310 visits/mo
0.5 miles
Demographics for 19123, PA
18,793
Population
10,636
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
14,456
Density / Sq Mi
$95,872
Median Household Income
$73,760
Median Earnings
$1,687
Median Rent
$544,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Retail space - CMX-2.5 zoning and access to public transportation complement this street-level commercial space.
Where is this retail space located?
The property is located at 632 N 2ND STREET Philadelphia, PA.
What are key features of this property?
This property features: Ground‑floor retail space with large storefront windows; Signalized corner at N 2nd Street and Fairmount Avenue; CMX‑2.5 zoning
