Northern Liberties has warped from an up-and-coming hipster neighborhood to a wealthy community over the last 20 years. There are now few properties for sale that are affordable to first-time homebuyers. We have seen new construction single family home prices push past $800K over the last year with a few selling for over $1 Million. The homes demanding these seven figure prices have all been relatively unique, large, and included parking.
Recently, a very impressive property hit the market. 972 N 2nd St boasts 4,424 square feet, 3 bedrooms, and 3.5 bathrooms. However, these numbers do not tell the whole story. The property sits along the N 2nd St. commercial corridor on a huge, wide lot that is zoned CMX-2.5. It includes parking and some of the most amazing outdoor space you will see in the city with a patio, lawn, elevated deck and front balconies. There is also a separate office unit that can be utilized by the owner or rented out for supplemental income. With the WeWork Northern Liberties location being a stone’s throw away, an owner could definitely find an business tenant.
The inside of the house is extremely modern and minimalist. The large rooms with high ceilings get great light and are a horticulturist’s dream. The kitchens and bathrooms are high-end and the house even has an elevator.
This property is priced well above other new construction houses that have sold in the neighborhood, but it is really in a league of its own. This is a premium property on a huge up-zoned lot, which cannot be discounted. We are interested in seeing what the final sale price is and how long it takes to sell. We would not be surprised if someone jumped on it.
To see more pictures and details, check out the full listing.
Kyle is a commercial real estate agent at Rittenhouse Realty Advisors, a homeowner, and a real estate investor in Philadelphia. Kyle uses his extensive Philadelphia real estate market knowledge to help his clients buy and sell multifamily investment properties, development opportunities, and industrial sites.
Email Kyle@RittenhouseRealty.com if you are looking to buy or sell a property