990 N 2nd St, Philadelphia, PA 19123

Property Description

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.