For Sale
Call for price

447 Broad StPhiladelphia, PA 19123

1.4-acre CMX-4 zoned land, high potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 1.4-acre development opportunity is located at 447 N. Broad Street in Philadelphia, Pennsylvania, zip code 19123. The property, identified by APN 7716351125, is owned by Parents United for Better Schools, Inc. and boasts a substantial 60,984 square foot lot size. Its CMX-4 zoning allows for significant development potential, exceeding 700,000 square feet with the possibility of zoning bonuses. The site benefits from its strategic location less than half a mile north of Philadelphia City Hall, placing it within a rapidly developing area. Adding to its appeal, this property is designated as a Federal Opportunity Zone and is eligible for New Markets Tax Credits, presenting attractive investment incentives. For immediate revenue generation, the site includes a modern, leasable school building spanning 73,560 square feet and a parking lot. The current lease on the property expires on June 30, 2024, leaving 0 years remaining on the 20-year lease. This presents a unique chance to acquire a prime development site with existing income streams in a highly sought-after Philadelphia location.

Highlights

  • 1.4-acre development site at 447 N. Broad St, Philadelphia, PA 19123 (APN 7716351125).
  • 60,984 SF lot with CMX-4 zoning allowing for over 700,000 SF development potential, including zoning bonuses.
  • Less than half a mile from Philadelphia City Hall in a rapidly developing area.
  • Designated Federal Opportunity Zone with New Markets Tax Credit eligibility.
  • 73,560 SF leasable school building and parking lot with lease expiring June 30, 2024.

Property Details for 447 Broad St

Property type
Land

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
39.9611825
Longitude
-75.1610107
447 Broad St, Philadelphia, Pennsylvania

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
447 Broad St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message