435 Broad StPhiladelphia, PA 19123

Property Details for 435 Broad St

Year built

2021

Lot size

0.90 AC

Property size (Sq ft)

224,000 SF

Zone code

CMX4

Property type

Retail properties

Property subtype

Parking lots & garages

APN

88-1-5800-47

APU

881580047

Description

This exceptional retail property, located at 435 N Broad St in Philadelphia, Pennsylvania (zip code 19123), offers a prime opportunity for businesses seeking high-visibility space in a vibrant neighborhood. The building totals 10,646 square feet and is currently 100% vacant, presenting a unique chance to establish a significant presence. The property is classified as retail and restaurant space, suitable for a variety of uses. Flexible lease options are available, with spaces ranging from a minimum of 3,842 square feet to a maximum contiguous space of 6,804 square feet. Multiple tenancy is possible, allowing for diverse business combinations. Situated in Philadelphia County, this location benefits from the energy of the Callowhill neighborhood, known for its loft apartments, factory conversions, live music venues, thriving restaurant scene, and independent art galleries. The property's prominent location ensures high foot traffic and excellent visibility, making it an ideal choice for businesses seeking to establish a strong foothold in this dynamic area of Philadelphia. The address is easily accessible and well-suited for both local and regional clientele. This is a rare opportunity to secure a substantial retail space in a rapidly developing and highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $106,077,152

  6.5%

  $97,917,368

  7%

  $90,923,272

• Comparable approach

  Method

  Valuation

  Relative Method

  $73,754,960

  Geo Method

  $73,754,960

• Alternative Use

  Use

  Valuation

  Residential

  $82,596,968

  Hospitality

  $75,658,376

  Educational

  $62,946,880

  Medical

  $65,111,720

  Retail

  $97,917,368

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9607

Longitude

-75.1612

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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].