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1733 2nd St 41 Philadelphia, PA 19122-3103

OFF-MARKET Warehouses Google Maps
420 SF 0.06 ac lot Built 1925
Entity Owned 4-yr Hold Free & Clear
Estimated value (blended)
$565k
Range $509k – $622k (±10%)
Property ID US73-1676180

Property summary

AI-generated overview

This stunning 1,900 square foot executive office space, located at 1733 N 2nd Street in Philadelphia, Pennsylvania, is a remarkable opportunity for businesses seeking a vibrant and modern location. Built in 2024, this single-tenant property boasts a prime location along the bustling 2nd Street corridor, offering exceptional visibility and exposure. The building features three sides of frontage, maximizing natural light and creating an inviting atmosphere. The interior is equally impressive, showcasing gorgeous hardwood floors, tall ceilings, and LED cove lighting. A large powder room and built-in shelving add to the space's functionality and versatility. The 0.06-acre lot is zoned ICMX, providing flexibility for a variety of businesses. The surrounding area is experiencing significant growth, with several large new residential buildings adding to the neighborhood's vibrancy. This property is ideal for businesses seeking immediate occupancy, with lease terms negotiable. The space's features make it particularly well-suited for uses such as yoga studios, office spaces, retail establishments, health and wellness centers, clothing boutiques, or studios. Don't miss this chance to establish your business in this thriving Philadelphia neighborhood. The property's APN is 884343500, and it's located in Philadelphia County, PA, zip code 19122.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1925
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 420 SF
Lot 0.06 ac (2,750 SF)
Zoning code ICMX
APN 88-4-3435-00
UPID US73-1676180

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$530k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$565k

Owner & transaction history

since 2021
Last sale
$605,000
2 recorded transactions
2021
$605,000
2021
$400,000

Zoning & alternative use

ICMX · Philadelphia, PA
Zoning description

ICMX, Industrial Commercial Mixed-Use District. 299 The ICMX, Industrial Commercial Mixed-Use district is primarily intended to accommodate commercial and low-impact industrial uses. The district may serve as a buffer be…

General category MIXED_USE

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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