Open-Concept Storefront Retail
For Sale
Contact for pricing
927 N 2ND STREET #COMMERCIAL, Philadelphia, PA 19123
CMX25-zoned commercial space with hardwood floors, natural light, and patio access.
Property Size1,000 SF
Price / SF$2.30
Days on Market60
Property Features for 927 N 2ND STREET #COMMERCIAL
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Commercial
Zoning
CMX25
Additional Details
Utilities to Site
Yes
Amenities
hardwood throughout
great natural light
large storefront window
unfinished basement
rear patio
Building Details
Year Built
1917
Listing Agency:
OCF Realty LLC - Philadelphia
Listed By:
James A Decker · License #RS327002
(215) 735-7368
Source:
Cummingsrealtors
Added: Aug 19
Changed: Oct 16
Last Checked: Oct 16 at 9:58AM
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 OCF Realty LLC - Philadelphia
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This storefront retail space offers an open-concept interior with 1,000 square feet, hardwood flooring, and natural light through a large storefront window. The layout also includes an unfinished basement for additional storage or support space, along with access to a rear patio.
The property is located at 927 N 2ND STREET #COMMERCIAL in Philadelphia, PA 19123, within the Northern Liberties area. CMX25 zoning supports its commercial storefront setting. The building dates to 1917, providing an established property context for retail or other compatible commercial use.
The property is located at 927 N 2ND STREET #COMMERCIAL in Philadelphia, PA 19123, within the Northern Liberties area. CMX25 zoning supports its commercial storefront setting. The building dates to 1917, providing an established property context for retail or other compatible commercial use.
Key Highlights
- 1,000‑square‑foot open‑concept storefront retail space
- Large storefront window provides natural light
- Hardwood flooring throughout the main space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,302
Suggested Prices Based on Cap Rates
Cap Rate 5%
$226,040
$226.0K
Cap Rate 7%
$161,457
$161.5K
Cap Rate 9%
$125,578
$125.6K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$18.0K $18.00/SF
− Vacancy
−$1.9K −$1.85/SF
EGI
$16.1K $16.15/SF
− OpEx
−$4.8K −$4.84/SF
NOI
$11.3K $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%
$226,040
Cap Rate 7%
$161,457
Cap Rate 9%
$125,578
Alternative Uses
Best Use
Retail
$161.5K
$141.3K – $188.4K
NOI $11,302 @ 7.0% cap · market cap 491.39%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$243.8K
$213.3K – $284.4K
NOI $17,065 @ 7.0% cap · market cap 741.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,326
Businesses Nearby
91k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Dining 38%
Groceries 8%
Electronics 4%
McDonald's
Dining
23,463 visits/mo
0.3 miles
Lukoil
Shops & Services
22,388 visits/mo
0.3 miles
Fine Wine & Good Spirits
Groceries
6,966 visits/mo
0.3 miles
Dunkin' Donuts
Dining
6,253 visits/mo
0.3 miles
Wells Fargo
Shops & Services
5,966 visits/mo
0.4 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
Market
Vacancy Rate% for Retail in Philadelphia, PA
Similar Off Market Nearby
- Bee's Florists LLC — 211 N 9th St, Philadelphia, PA 19107
- Lamsback Floral Decorators — 148 Vine St, Philadelphia, PA 19106
- Flowers Etcetera By Denise — 637 N 2nd St, Philadelphia, PA 19123
- Carl Alan Floral Designs, LTD — 910 Fairmount Ave, Philadelphia, PA 19123
- Pearl — W Laurel St, Philadelphia, PA 19123
Frequently Asked Questions
What type of property is this?
Storefront property - CMX25-zoned commercial space with hardwood floors, natural light, and patio access.
Where is this storefront property located?
The property is located at 927 N 2ND STREET #COMMERCIAL Philadelphia, PA.
What are key features of this property?
This property features: 1,000‑square‑foot open‑concept storefront retail space; Large storefront window provides natural light; Hardwood flooring throughout the main space
