For Sale Property MLS# PAPH2676724

990-92 N 2ND ST

PHILADELPHIA, PA 19123

$1,790,000

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About 990-92 N 2ND ST

Presenting an exciting opportunity to purchase a pairing of two properties at a unique cornerstone location in the epicenter of Northern Liberties. This is the Park Place of NorLib fronting on North 2nd Street directly across from the Piazza.

992 N 2nd was built from the ground up in 2010, while 990 N 2nd has continuously operated as a 3 unit multifamily for decades. The property has ground floor commercial and a Wildey St entrance to the light filled apartments above.

In August of 2026, the commercial tenant is coming to 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 retenant at market rate which is substantially higher than the current lease.

Alternatively, an owner operator will have an opportunity in an unmatched location for the neighborhood.

Additionally, the first floor of 990 N 2nd should be converted to retail for both increased rent and conversion to a NNN format.

Property details

Property

Type
Mixed use
MLS type
Other
Status
Active
Year built
1920
Lot
0.05
Original price
$1,790,000
MLS #
PAPH2676724

Interior

Features
Central A/C, true, Hot Water, Natural Gas
Heating
true, Hot Water
Cooling
Central A/C

Exterior & lot

Construction
Masonry
Lot
CMX2.5, 057057200

Schools

District
Philadelphia City School District

Utilities

Utilities
Public Sewer, Public
Water
Public
Sewer
Public Sewer

Financial

Financial
BRIGHT_MAIN
Annual tax
$8,639
Tax year
2024
Parcel
057057200

Location

Subdivision
NORTHERN LIBERTIES
Area
19123 (19123)
County
PHILADELPHIA-PA
Neighborhood
Northern Liberties
Community
PHILADELPHIA-PA, 15, BRIGHT_MAIN, PHILADELPHIA CITY
Directions
Located on the corner of N 2nd St & Wildey St.

Location

Neighborhood
Northern Liberties
Subdivision
NORTHERN LIBERTIES
School district
Philadelphia City School District

Ask about this property

Questions on 990-92 N 2ND ST, PHILADELPHIA, PA 19123, or want to see it in person?

Listed by Veronica Gintel Blum, Mallin Panchelli Nadel Realty Inc

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.