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35 S 2nd St
Philadelphia, PA 19106
Retail Property For Sale


Investment Highlights
- Located in Philadelphia's Old City neighborhood between Market and Chestnut Streets.
- Includes a commercial kitchen and rear loading access.
- Convenient access to I-95 and Center City Philadelphia.
- Approximately 25 feet of frontage along South 2nd Street.
- High ceilings and finished lower-level space provide operational flexibility.
- Surrounded by restaurants, residential developments, and historic attractions.
Executive Summary
Located in the heart of Philadelphia's Old City neighborhood, 35 S 2nd Street offers a retail investment opportunity along one of the area's most active commercial corridors. Positioned between Market and Chestnut Streets, the property benefits from visibility along South 2nd Street and immediate access to a dense mix of restaurants, retailers, office users, residential developments, and tourist destinations.
The property features approximately 25 feet of frontage and includes high ceilings, a finished lower level, a fully functional kitchen, high-capacity gas service, and rear loading access from Letitia Street. These characteristics support a variety of retail, restaurant, hospitality, and experiential commercial uses. The property's location within Old City places it near Independence National Historical Park, Penn's Landing, and numerous cultural attractions that draw visitors throughout the year.
The surrounding neighborhood continues to benefit from residential growth and ongoing investment activity, including new multifamily development and waterfront improvements. Convenient access to I-95 and public transportation further enhances connectivity for customers, employees, and operators. The combination of established pedestrian traffic, regional accessibility, and flexible retail functionality positions the property to serve a broad range of owner-user and investment objectives.
The property features approximately 25 feet of frontage and includes high ceilings, a finished lower level, a fully functional kitchen, high-capacity gas service, and rear loading access from Letitia Street. These characteristics support a variety of retail, restaurant, hospitality, and experiential commercial uses. The property's location within Old City places it near Independence National Historical Park, Penn's Landing, and numerous cultural attractions that draw visitors throughout the year.
The surrounding neighborhood continues to benefit from residential growth and ongoing investment activity, including new multifamily development and waterfront improvements. Convenient access to I-95 and public transportation further enhances connectivity for customers, employees, and operators. The combination of established pedestrian traffic, regional accessibility, and flexible retail functionality positions the property to serve a broad range of owner-user and investment objectives.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
23,015 SF
Building Class
C
Year Built
1900
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Building FAR
4.80
Lot Size
0.11 AC
Zoning
CMX-3 - Commercial
Frontage
24’ on 2nd St
Amenities
- Signage
Property Taxes
| Parcel Number | 883401000 | Improvements Assessment | $4,047,657 CAD |
| Land Assessment | $2,276,807 CAD | Total Assessment | $6,324,465 CAD |
Property Taxes
Parcel Number
883401000
Land Assessment
$2,276,807 CAD
Improvements Assessment
$4,047,657 CAD
Total Assessment
$6,324,465 CAD
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