990 N 2Nd St Philadelphia, PA 19123
For Sale
1 / 15
- MPN is pleased to market for sale two contiguous buildings at 2nd & Wildey in Northern Liberties. These buildings are in the heart of the commercial corridor, across the street from Heirloom Market, Starbucks, and The Piazza. - 990 N 2nd has continuously operated as a 3-unit multifamily for decades. 992 N 2nd was built from the ground up in 2010. The property features a ground-floor commercial space and a Wildey St entrance to the light-filled apartments above. - In August 2026, the commercial tenant is approaching the end of their term with no options in place for renewal. - While the tenant has indicated they would like to stay, this offers an opportunity to re-tenant at a market rate, which is substantially higher than the current lease. - Alternatively, an owner-operator will have the opportunity to be in an unmatched location within the neighborhood. - Additionally, the first floor of 990 N 2nd should be converted to retail, which would increase rent and facilitate a conversion to a NNN format.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.