1643 2Nd StPhiladelphia, PA 19122
- Residential income properties
- 2,490 SF
Property Details for 1643 2Nd St
- Year built
- 1920
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.03 AC
- Property size (Sq ft)
- 2,490 SF
- Zone code
- RM1
- Property type
- Residential income properties
- Property subtype
- Other apartment buildings
- APN
- 88-1-0021-30
- APU
- 881002130
Description
This exceptional 907-square-foot retail space is located at 1643 N 2nd Street, Philadelphia, PA 19122, situated near the intersection of Cecil B Moore Avenue. The property, built in 2024, offers a single-tenant occupancy in a brand-new building. The entire 907 square feet is currently vacant and ready for immediate occupancy by a new tenant. The property is zoned CMX-1, providing flexibility for a variety of retail uses. Its convenient location in Philadelphia offers excellent visibility and accessibility for customers. The building's modern construction ensures energy efficiency and a contemporary aesthetic. This is a unique opportunity to establish a business in a vibrant and growing area of Philadelphia. The property's single-tenant configuration provides simplicity and control for the occupant. Interested parties are encouraged to inquire about lease terms and conditions. The property's address is easily accessible and benefits from good visibility. This is an ideal space for a business seeking a modern, efficient, and well-located retail presence in Philadelphia. The property's recent construction ensures modern amenities and up-to-date building systems.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $885,472
- 6.5%
- $817,359
- 7%
- $758,976
-
Comparable approach
- Method
- Valuation
- Relative Method
- $504,282
- Geo Method
- $504,282
-
Alternative Use
- Use
- Valuation
- Residential
- $817,359
- Hospitality
- $748,697
- Educational
- $622,907
- Medical
- $644,330
- Retail
- $968,966
Location Insight
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Latitude
- 39.9268
- Longitude
- -75.1489
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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- Please email our support team at [email protected] and they will add the team member.
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- How can I contact the broker?
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