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Property profile & analytics
FOR SALE
Retail space

990 N 2Nd St Philadelphia, PA 19123

4,947 SF
Property ID
US73-2537808
Property summary
AI-generated overview

- 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.

Property profile
Verified
Property type Retail space
Total area 4,947 SF
UPID US73-2537808
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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