637 N 2ND Street

Description

Rare opportunity to own a beautifully maintained corner mixed-use property in Northern Liberties featuring a prominent retail space on the first floor, a renovated one-bedroom apartment on the second floor, and a two-bedroom, two-story apartment on the upper levels. This distinctive income-producing property is full of charm and character, and its prime corner setting allows for excellent natural light from both the front and side exposures. Located in the heart of Northern Liberties, this property places you just steps from neighborhood restaurants, cafes, shopping, entertainment, and convenient access to Center City, major roadways, and public transportation. An excellent opportunity for an investor, owner-occupant, or mixed-use buyer seeking rental income, street presence, and a prime Philadelphia location all in one property. Each unit is separately metered for electric and gas, making this a great investment opportunity for any investor and an excellent option for a 1031 exchange buyer. The storefront is truly special, offering a striking corner presence with oversized windows, strong visibility, and exceptional curb appeal. The main retail level features tall ceilings and abundant natural light, creating an inviting, airy atmosphere with an established neighborhood feel. Framed by charming architectural details and attractive display frontage, this space has been home to a thriving flower shop for nearly 40 years, a testament to the strength of the location and the lasting appeal of the area. The storefront also includes a basement level with additional storage or work space and a convenient powder room, adding flexibility and functionality. Above the retail space, the one-bedroom apartment has been attractively updated and is filled with beautiful natural light, creating a bright and welcoming living environment. This thoughtfully designed unit includes a living room, kitchen, bedroom, and separate office, offering both comfort and flexibility for today’s lifestyle needs. The kitchen features granite countertops, stainless steel appliances, abundant cabinet space, and plenty of storage, while the apartment is further enhanced by cherry floors and in-unit laundry. The two-bedroom apartment spans two stories, giving it a unique and spacious layout with added separation, character, and versatility. It also benefits from great natural light and includes a renovated bathroom. This is a rare chance to acquire a well-located, income-producing mixed-use asset with long-term upside in one of Philadelphia’s most sought-after neighborhoods. Schedule your showing today and discover the potential of this one-of-a-kind Northern Liberties property.