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105 2nd St Philadelphia, PA 19106-2029

OFF-MARKET Apartment buildings Google Maps
51,004 SF 0.3 ac lot Built 1900
Entity Owned 13-yr Hold Free & Clear
Estimated value (blended)
$3.51M
Range $3.16M – $3.86M (±10%)
Property ID US73-1624204

Property summary

AI-generated overview

This exceptional 2,700 square foot retail space is ideally located at 105 North 2nd Street in Philadelphia, Pennsylvania, zip code 19106. Situated in Philadelphia County, this single-tenant property presents a fantastic opportunity for a variety of businesses. The entire space, totaling 2,700 square feet, is currently vacant and ready for immediate occupancy. The property is classified as commercial retail and offers a blank canvas for a new tenant to customize and design their ideal retail environment. Its prime location within Philadelphia offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking high foot traffic and convenient access for customers. The property's address is 105 N 2nd St, Philadelphia, PA 19106, with GPS coordinates of 39.9521889 latitude and -75.1429617 longitude. This is a single-tenant property, providing the occupant with complete control and flexibility. Serious inquiries are encouraged to explore the potential of this exceptional retail space and its strategic location in the vibrant city of Philadelphia. The property is currently available for lease. This presents a unique opportunity to establish a thriving business in a high-demand area. The spacious layout allows for diverse configurations to suit various retail needs. Don't miss this chance to secure a prominent location in a bustling Philadelphia neighborhood.

Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1900
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 51,004 SF
Lot 0.3 ac (13,262 SF)
Zoning code CMX3
APN 88-1-0060-50
UPID US73-1624204

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Apartment Building
  • Home Health Care Service
  • Home Health Care Service
  • Association Or Organization
  • Wedding Service

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.51M

Owner & transaction history

since 2013
4 recorded transactions
2013
Price N/A
2013
$3.5M
2011
$1.4M
1969
Price N/A

Zoning & alternative use

CMX3 · Philadelphia, PA
Zoning description

CMX-3 Community Commercial Mixed-Use C-3 RC-3 CMX-4 Core Commercial Mixed-Use C-4 CMX-5 Center City Core Commercial Mixed-Use C-5 CA-1 Auto-Oriented Commercial-1 C-7 NSC CA-2 Auto-Oriented Commercial-2 ASC Eliminated >>…

General category MIXED_USE
Top alternative use upside
Office building $14.4M +1.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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