Address: 727 S 2nd St, Philadelphia, PA 19147
Type: Commercial / Mixed-Use CMX Building
Neighborhood: Queen Village, Philadelphia
Units: 5 Units (4 Residential + 1 Restaurant)
Parking: 1 On-Site Space
Year Built: 1906
Price: $1,600,000
About This Property
This outstanding corner CMX mixed-use building has successfully sold in the heart of Queen Village, offering a rare combination of stable income potential, strong neighborhood demand, and charming historic character. The property included five total units—four residential apartments and one ground-floor restaurant space—creating a diversified income stream in one of Philadelphia’s most desirable residential-commercial corridors.
The first floor featured the popular restaurant space (Teresa’s Mesa), known for its inviting atmosphere, with a full kitchen located in the basement. The commercial space also included a kitchen exhaust hood running directly to the roof, supporting full-service operations. Residential apartments had separate entrances located on Monroe Street, providing privacy and clear separation between commercial and residential uses.
The residential unit mix included a spacious and sun-filled 2-bedroom, 1-bath unit on the top floor, two studio units on the second floor, and an additional apartment with its own separate entrance. One on-site parking space added significant value in this neighborhood and could be used by an owner or rented separately (it was leased to a tenant at the time of marketing).
Operational highlights included separate utility meters for all units and a property profile that is typically fully leased, supporting strong ongoing demand. With its iconic brick exterior, corner presence, and proven mixed-use layout, this building represented a high-quality addition to an investment portfolio and sold successfully.
Contact
Madoka Nishimura REALTOR®
Cell: 321-948-9191
Email: Realtor@madoka-nishimura.com
Type: Commercial / Mixed-Use CMX Building
Neighborhood: Queen Village, Philadelphia
Units: 5 Units (4 Residential + 1 Restaurant)
Parking: 1 On-Site Space
Year Built: 1906
Price: $1,600,000
About This Property
This outstanding corner CMX mixed-use building has successfully sold in the heart of Queen Village, offering a rare combination of stable income potential, strong neighborhood demand, and charming historic character. The property included five total units—four residential apartments and one ground-floor restaurant space—creating a diversified income stream in one of Philadelphia’s most desirable residential-commercial corridors.
The first floor featured the popular restaurant space (Teresa’s Mesa), known for its inviting atmosphere, with a full kitchen located in the basement. The commercial space also included a kitchen exhaust hood running directly to the roof, supporting full-service operations. Residential apartments had separate entrances located on Monroe Street, providing privacy and clear separation between commercial and residential uses.
The residential unit mix included a spacious and sun-filled 2-bedroom, 1-bath unit on the top floor, two studio units on the second floor, and an additional apartment with its own separate entrance. One on-site parking space added significant value in this neighborhood and could be used by an owner or rented separately (it was leased to a tenant at the time of marketing).
Operational highlights included separate utility meters for all units and a property profile that is typically fully leased, supporting strong ongoing demand. With its iconic brick exterior, corner presence, and proven mixed-use layout, this building represented a high-quality addition to an investment portfolio and sold successfully.
Contact
Madoka Nishimura REALTOR®
Cell: 321-948-9191
Email: Realtor@madoka-nishimura.com
