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667 N Broad St 58,900 SF 65% Leased Office Building Philadelphia, PA 19123 For Sale
Executive Summary
MPN Realty Inc is proud to present the sale of the ground lease at the Studebaker Building, a 58,900 square foot commercial building on the rapidly redeveloping North Broad Street Corridor in Philadelphia. This unique property has generous zoning and distinctive character. Currently 65% leased by strong credit tenants, the remaining vacant space is currently listed for lease or could be utilized by a new owner-operator.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Ground Lease (Leasehold)
Property Type
Building Size
58,900 SF
Building Class
B
Year Built/Renovated
1900/2017
NOI
$23,155
Percent Leased
65%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
19,633 SF
Building FAR
2.38
Lot Size
0.57 AC
Opportunity Zone
Yes
Zoning
CMX-4 - Zoning is for high-density commercial areas It allows for high-rise buildings & mixed use developments, including retail, offices, and residential
Amenities
- Bus Line
- Commuter Rail
- Metro/Subway
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
The North Broad Street Commercial Corridor has had an exciting rebirth over the last 15 years, with a huge surge of new developments and adaptive reuse projects. Its excellent access to transit and walkability to several neighborhoods makes it a great place to live and work.
- 2nd Floor
- 11,411 SF
- Office
- Partial Build-Out
- Now
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 8,888 SF | Retail | Partial Build-Out | Now |
| 2nd Floor | 11,411 SF | Office | Partial Build-Out | Now |
1st Floor
| Size |
| 8,888 SF |
| Space Use |
| Retail |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 11,411 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
1st Floor
| Size | 8,888 SF |
| Space Use | Retail |
| Build-Out | Partial Build-Out |
| Available | Now |
The North Broad Street Commercial Corridor has had an exciting rebirth over the last 15 years, with a huge surge of new developments and adaptive reuse projects. Its excellent access to transit and walkability to several neighborhoods makes it a great place to live and work.
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Exceptionally walkable
100/100
Moderately drivable
70/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 882938263 | Total Assessment | $2,768,300 (2026) |
| Land Assessment | $553,660 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,214,640 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
882938263
Land Assessment
$553,660 (2026)
Improvements Assessment
$2,214,640 (2026)
Total Assessment
$2,768,300 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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