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1229 N Broad St 28,000 SF 100% Leased Office Building Philadelphia, PA 19122 $4,450,000 ($158.93/SF)



Executive Summary
Prime Development Opportunity in Thriving North Broad Corridor. Seize this exceptional chance to be at the epicenter of North Philadelphia's revitalization. This prominent 30,000 sq ft commercial site is ideally situated just steps from the major Broad Street and Girard Avenue intersection, one of the city's most vibrant transit hubs. With Unbeatable Accessibility and Amenities in the surrounding area. Features Direct access to the Broad Street subway line and Cecil B. Moore station just a 10-minute walk away. Surrounded by a wealth of retail, dining and entertainment options like the new AMC theater at Avenue North. Close proximity to Temple University and Center City. Recent groundbreaking of the 171-unit mixed-use project with Lidl grocery anchor just steps away. Be Part of Broad Street's Transformation, North Broad is experiencing a development renaissance with major projects like the Lidl mixed-use project along with other upcoming projects on the 900 block of N Broad St as well as another 28 story proposed project on the 1500 block of N Broad St and of course Shops At Avenue North paving the way. Your 4-story, 30,000 sq ft CMX3 zoned building can be the next catalyst, offering prime retail on the ground floor to enhance walkability on this rejuvenated corridor. This is 4 stories zoned CMX3 for mixed-use development, Garage doors in rear with indoor parking spaces, Spans full street-to-street from N Broad St to W Thompson St, Elevator servicing all 4 floors, Near Temple Sports Complex, Howard Gittis Student Center. Just blocks from Temple University's main campus. This is a solid Versatile Development Potential to offering Retail/office space to serve Temple's student population and potential Residential units in prime location near campus. Turn your vision and imagination into a reality! Flexible for retail, office, residential or mixed-use. With incredible transit access, an influx of new residents, and rapidly increasing amenities, this is a rare opportunity to be at the forefront of North Broad's exciting revitalization. An exceptional investment for the forward-thinking developer, contact us today! Property sold in "As Is" condition. Buyers are responsible for City Certification.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Building Size
28,000 SF
Building Class
C
Year Built
1907
Price
$4,450,000
Price Per SF
$158.93
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
7,000 SF
Slab To Slab
9’
Building FAR
3.50
Lot Size
0.18 AC
Opportunity Zone
Yes
Zoning
C3
Amenities
- Bus Line
- Metro/Subway
- Signage
- Air Conditioning
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Walk Score®
Walker's Paradise (93)
Transit Score®
Excellent Transit (79)
Bike Score®
Very Bikeable (80)
Property Taxes
| Parcel Number | 882008800 | Improvements Assessment | $1,925,200 |
| Land Assessment | $481,300 | Total Assessment | $2,406,500 |
Property Taxes
Parcel Number
882008800
Land Assessment
$481,300
Improvements Assessment
$1,925,200
Total Assessment
$2,406,500
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Contact the Sale Advisor
1229 N Broad St
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