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2123 N Broad St
Philadelphia, PA 19122
TEMPLE UNIVERSITY STUDENT HOUSING DEVELOPMENT · Land For Sale · 0.07 AC

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INVESTMENT HIGHLIGHTS

PRIME LOCATION AT PHILLY'S LARGEST UNIVERSITY
10 YEAR TAX ABATEMENT-ELIGIBLE

TRANSIT-ORIENTED DEVELOPMENT

EXECUTIVE SUMMARY

Introducing 2123 NORTH BROAD — a prime QOZ (Opportunity Zone) multifamily development parcel in the North Broad District / Temple University submarket of Philadelphia, Pennsylvania. With 22 units (44 beds) in a proposed 19,200 SF structure, this asset will command perennial rental demand for generations to come, backed by the power of Philadelphia's largest university by enrollment. Temple University benefits from its central location, transit-rich environment, high-profile NCAA programs, and its ever-growing academic campus. 700 SF of commercial space activates the vibrant streetscape and proposed building. Offered at an attractive land basis, 2123 NORTH BROAD ST presents a sound development/investment thesis on a leading national higher-education campus backed by strong rental fundamentals. 10-year tax abatement eligible — pay taxes on the assessed land value for 10 years, rather than the assessed value of the future improved structure.

PROPERTY FACTS

Sale Type	Investment	Proposed Use	Multifamily Apartment Units
No. Lots	1	Total Lot Size	0.07 AC
Property Type	Land	No. Stories	2
Property Subtype	Residential	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	CMX25 - Commercial Mixed Use

Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Residential
Proposed Use	Multifamily Apartment Units
Total Lot Size	0.07 AC
No. Stories	2
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	CMX25 - Commercial Mixed Use

1 LOT AVAILABLE

Lot

Price	$899,999	Lot Size	0.07 AC
Price Per AC	$12,251,218.32

Price	$899,999
Price Per AC	$12,251,218.32
Lot Size	0.07 AC

Student housing development site.

Listing ID: 32772597
Date on Market: 8/12/2024
Last Updated:
Address: 2123 N Broad St, Philadelphia, PA 19122

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2123 N Broad St, Philadelphia, PA for sale Building Photo- Image 1 of 11 — 2121

2123 N Broad St, Philadelphia, PA for sale Building Photo- Image 2 of 11 — 2122

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2123 N Broad St, Philadelphia, PA for sale Building Photo- Image 5 of 11 — Screen Shot 2024-08-08 at 9.12.52 AM

2123 N Broad St, Philadelphia, PA for sale Building Photo- Image 6 of 11 — Screen Shot 2024-08-08 at 9.13.05 AM

2123 N Broad St, Philadelphia, PA for sale Building Photo- Image 7 of 11 — Screen Shot 2024-08-08 at 9.13.12 AM

2123 N Broad St, Philadelphia, PA for sale Building Photo- Image 8 of 11 — Screen Shot 2024-08-08 at 9.13.20 AM

2123 N Broad St, Philadelphia, PA for sale Building Photo- Image 9 of 11 — Screen Shot 2024-08-08 at 9.13.34 AM

2123 N Broad St, Philadelphia, PA for sale Building Photo- Image 10 of 11 — Screen Shot 2024-08-08 at 9.13.42 AM

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2123 N Broad St - TEMPLE UNIVERSITY STUDENT HOUSING DEVELOPMENT

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