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1909 S Broad St
Philadelphia, PA 19148
Retail Property For Sale
Executive Summary
Situated along the South Broad Street corridor, 1909 S Broad St offers the opportunity to acquire a mixed-use asset in a highly visible, transit-oriented location in South Philadelphia, generating $65,760 in annual rental income.
The property consists of three residential units above a street-level commercial space, providing a balanced mix of residential income and long-term commercial stability. The commercial unit is leased through February 2031 and is currently undergoing renovations as the tenant completes their buildout ahead of a new 5-year lease, ensuring durable in-place cash flow. The residential units benefit from strong tenant demand driven by the surrounding neighborhood and proximity to transit.
Located just two blocks from the Broad Street Line, the property offers convenient access to Center City, Passyunk Square, and major employment hubs. The immediate area is anchored by well-established dining destinations including Barcelona Wine Bar, Hardena, Stogie Joe’s, and Le Virtù, further enhancing appeal for both residents and retail users.
With continued investment along the Broad Street corridor supporting long-term demand and appreciation, 1909 S Broad St presents a compelling opportunity to acquire a stable, income-producing mixed-use asset in one of South Philadelphia’s most active corridors.
The property consists of three residential units above a street-level commercial space, providing a balanced mix of residential income and long-term commercial stability. The commercial unit is leased through February 2031 and is currently undergoing renovations as the tenant completes their buildout ahead of a new 5-year lease, ensuring durable in-place cash flow. The residential units benefit from strong tenant demand driven by the surrounding neighborhood and proximity to transit.
Located just two blocks from the Broad Street Line, the property offers convenient access to Center City, Passyunk Square, and major employment hubs. The immediate area is anchored by well-established dining destinations including Barcelona Wine Bar, Hardena, Stogie Joe’s, and Le Virtù, further enhancing appeal for both residents and retail users.
With continued investment along the Broad Street corridor supporting long-term demand and appreciation, 1909 S Broad St presents a compelling opportunity to acquire a stable, income-producing mixed-use asset in one of South Philadelphia’s most active corridors.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,328 SF
Building Class
C
Year Built/Renovated
1925/2010
Price
$750,000
Price Per SF
$225.36
Cap Rate
6.07%
NOI
$45,561
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.91
Lot Size
0.04 AC
Zoning
CMX-2
Property Taxes
| Parcel Number | 871184250 | Improvements Assessment | $478,000 |
| Land Assessment | $119,500 | Total Assessment | $597,500 |
Property Taxes
Parcel Number
871184250
Land Assessment
$119,500
Improvements Assessment
$478,000
Total Assessment
$597,500
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