1721-23 2Nd St Philadelphia, PA 19122
This exceptional 8,685-square-foot flex space, located at 1721-23 N 2nd St, Philadelphia, PA 19122, presents a unique investment opportunity. Built in 1950, this single-story building offers a versatile layout perfect for a variety of commercial uses. The property features 7,102 square feet of warehouse space complemented by 1,580 square feet of mezzanine office space, providing ample room for both storage and administrative functions. Access is convenient with two drive-in doors, one facing N 2nd Street and another at the rear on N Palethorp Street. The ICMX zoning allows for a wide range of commercial applications. This prime location benefits from its proximity to significant recent developments, including The Luxe (179 units), The Cecil (20 units), and The Rally (92 units), indicating a thriving and growing neighborhood. The property also enjoys a strategic position adjacent to established retail businesses, such as Stateside Vodka and Fermentery Form, ensuring high visibility and potential synergy. This single-tenant property in Philadelphia County offers a compelling blend of functionality, location, and growth potential. The building's size and zoning make it suitable for a variety of businesses seeking a well-situated and adaptable space.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.