727 S 2nd St, Philadelphia, PA 19147 For Lease

Prime corner retail property in Queen Village with a proven restaurant tenant and modernized basement kitchen. Located at the corner of 2nd and Monroe Streets in the sought-after Queen Village neighborhood, this 3-story CMX mixed-use building offers a unique opportunity for a new restaurant or café. Built in 1906, the property spans 2,688 sq. ft. and is fully leased across five units — four residential apartments and one first-floor commercial space. The available commercial space is approximately 1,400 square feet; 700 square feet at the first floor and 700 square feet below grade. The bi-level storefront unit features a corner frontage and has been home to cafés and restaurants. The basement level includes a full, modern restaurant kitchen equipped with updated commercial appliances, a large exhaust hood, and separate gas and electric meters. The space is well-maintained, with attractive brickwork, recessed lighting, and central air conditioning. The first floor interior currently has a modern and sleek aesthetic and can be modified to potential tenants' needs. Currently vacated and available for immediate occupancy. NNN lease.

Key features:

• Corner lot location with 16' frontage on 2nd Street
• Basement-level restaurant kitchen (approx. 700 sq. ft.) with modern equipment
• Proven tenant history — long-standing café/restaurant success
• All units leased, stable building
• Parking — one on-site space currently rented to residential tenant
• Utilities — public water and sewer, gas heat, electric cooling Long & Foster

This property is ideally suited as a turnkey restaurant or café that can leverage its established tenant base, prime location, and modernized kitchen.