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Key Details
Sold Price $1,000,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 3,200 sqft
Price per Sqft $312
Subdivision Northern Liberties
MLS Listing ID PAPH2265784
Sold Date 10/31/23
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $6,733
Tax Year 2023
Lot Size 1,494 Sqft
Acres 0.03
Lot Dimensions 20.00 x 75.00
Property Description
630 N. 2nd Street is a mixed-use property on the main neighborhood commercial corridor in Northern Liberties. The property includes exposed brick where possible, central air and in-unit washer / dryer. It has one 2 bed / 1 bath unit, one bi-level 2 bed / 1.5 bath with a private deck, and one commercial cafe space that has long been leased by a neighborhood favorite, Soy Cafe. The cafe just renewed their lease and is settled in for another 5 years. Meanwhile, explosive growth is happening all around the property with over 4,000 residential units under construction within a few blocks. The rental trajectory of this building is very strong with its fantastic location, charm and well-sized units. With some upgrades to kitchens and baths, there is ample room to increase the current rents.
Location
State PA
County Philadelphia
Area 19123 (19123)
Zoning CMX25
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871509400
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Veronica Gintel Blum • Mallin Panchelli Nadel Realty Inc