1700 Broad StPhiladelphia, PA 19121

Property Details for 1700 Broad St

Year built

2016

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.59 AC

Property size (Sq ft)

22,871 SF

Zone code

CMX3

Property type

Hospitals

APN

77-1-0711-00

APU

771071100

Description

This exceptional mixed-use property at 1700 N Broad St, Philadelphia County, presents a significant retail leasing opportunity. Boasting a substantial 10,403 square feet of vacant space, this location offers unparalleled potential for a variety of businesses. The property is situated in a vibrant area with high foot traffic, enhanced by its convenient proximity to Cecil B. Moore Ave. The flexible layout allows for customization to suit diverse tenant needs; the space can be divided to accommodate multiple occupants. This is an ideal location for businesses seeking high visibility and accessibility within a bustling Philadelphia neighborhood. The multiple tenancy option provides flexibility for both large and smaller businesses looking to establish a presence in this dynamic area. The substantial square footage offers ample room for expansion and growth, making this a truly remarkable opportunity for businesses seeking a prominent location in a thriving commercial district. This property is ready for immediate occupancy, presenting a unique chance to secure a prime retail space in a highly desirable Philadelphia location. Interested parties are encouraged to inquire for further details and leasing options. The property's strategic location and substantial size make it an exceptional investment for businesses seeking to establish a strong foothold in the Philadelphia market.

• CAP approach

  CAP return

  Valuation

  6%

  $5,948,100

  6.5%

  $5,490,554

  7%

  $5,098,372

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,436,574

  Geo Method

  $3,436,574

• Alternative Use

  Use

  Valuation

  Residential

  $6,965,000

  Hospitality

  $6,379,902

  Educational

  $5,308,004

  Medical

  $5,490,554

  Retail

  $8,256,894

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9291

Longitude

-75.1696

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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