709-715 N 2nd St | Philadelphia, PA 19123
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709-715 N 2nd St
Philadelphia, PA 19123
Industrial Property For Sale
Executive Summary
Avison Young is pleased to offer for sale 709 - 715 N. 2nd Street (“Property” or “Building”), a 24,249 sf, Class A, retail and office investment opportunity in the heart of Northern Liberties, Philadelphia, PA. Situated on three parcels in an irreplaceable in-fill location, the rejuvenated mixed-use property offers a charming balance between modernized functionality, simplistic aesthetic appeal, and best in class building and market amenities.
Originally built in 1915 and fully renovated from 2020 – 2024, 709 - 715 N. 2nd Street is located within walking distance of many well-known restaurants, bars, and attractions. The Property is within one mile of three transit/subway stations and is located just three miles from 30th Street and Suburban Station which allows for easy access to the entire city and surrounding areas. Unlike Center City, Philadelphia, Northern Liberties is equipped with off-street parking as well as available free parking, which fronts and surrounds the Building.
Currently 100% leased to four tenants, the Property has a weighted average lease term of 6.7 years, offering stable and predictable returns for the future owner.
709 - 715 N. 2nd Street boasts high ceilings, exposed brick, polished concrete floors, and amble natural sunlight, which is in high demand among tenants and users seeking collaborative and creative space in the area.
The Building is available for sale, offering an opportunity to own a unique, Class A, live-work-play asset in the highly sought after Northern Liberties neighborhood.
Originally built in 1915 and fully renovated from 2020 – 2024, 709 - 715 N. 2nd Street is located within walking distance of many well-known restaurants, bars, and attractions. The Property is within one mile of three transit/subway stations and is located just three miles from 30th Street and Suburban Station which allows for easy access to the entire city and surrounding areas. Unlike Center City, Philadelphia, Northern Liberties is equipped with off-street parking as well as available free parking, which fronts and surrounds the Building.
Currently 100% leased to four tenants, the Property has a weighted average lease term of 6.7 years, offering stable and predictable returns for the future owner.
709 - 715 N. 2nd Street boasts high ceilings, exposed brick, polished concrete floors, and amble natural sunlight, which is in high demand among tenants and users seeking collaborative and creative space in the area.
The Building is available for sale, offering an opportunity to own a unique, Class A, live-work-play asset in the highly sought after Northern Liberties neighborhood.
PROPERTY FACTS
Sale Type | Investment | Rentable Building Area | 24,429 SF |
Property Type | Industrial | No. Stories | 4 |
Property Subtype | Showroom | Year Built | 1915 |
Building Class | C | Clear Ceiling Height | 16 ft |
Lot Size | 0.20 AC | Cross Streets | Fairmount Ave |
Sale Type | Investment |
Property Type | Industrial |
Property Subtype | Showroom |
Building Class | C |
Lot Size | 0.20 AC |
Rentable Building Area | 24,429 SF |
No. Stories | 4 |
Year Built | 1915 |
Clear Ceiling Height | 16 ft |
Cross Streets | Fairmount Ave |
PROPERTY TAXES
Parcel Number | 882008960 | Improvements Assessment | $1,912,224 CAD |
Land Assessment | $478,056 CAD | Total Assessment | $2,390,280 CAD |
PROPERTY TAXES
Parcel Number
882008960
Land Assessment
$478,056 CAD
Improvements Assessment
$1,912,224 CAD
Total Assessment
$2,390,280 CAD
zoning
Zoning Code | CMX2.5 (CMX-2.5 districts are primarily intended to accommodate active, pedestrian-friendly retail and service uses in commercial nodes and along commercial c) |
CMX2.5 (CMX-2.5 districts are primarily intended to accommodate active, pedestrian-friendly retail and service uses in commercial nodes and along commercial c) |
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