1713 Broad StPhiladelphia, PA 19148
- Mixed-use properties
- 4,828 SF
Property Details for 1713 Broad St
- Year built
- 1940
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.17 AC
- Property size (Sq ft)
- 4,828 SF
- Zone code
- RSA5
- Property type
- Mixed-use properties
- Property subtype
- Other investment properties
- APN
- 88-2-8399-11
- APU
- 882839911
Description
This exceptional investment opportunity presents a 4,828 square foot retail property located at 1713-1721 S Broad St, Philadelphia, PA 19148. The property, built in 1940, consists of two units totaling 4,828 square feet of net rentable space on a 13,068 square foot lot. Currently, the larger unit (approximately 4,828 sq ft) at 1713 S Broad St is occupied by the United States Postal Service under a triple net (NNN) lease, providing a stable and long-term income stream. The adjacent unit at 1717 S Broad St, approximately 1,580 sq ft, is currently vacant, offering potential for additional rental income or owner-occupancy. The property is zoned RSA-5, allowing for a variety of retail uses. The asking price is $2,500,000, translating to $517.81 per square foot. The property boasts a single-story building and became available on February 14, 2023. This location on South Broad Street in Philadelphia offers excellent visibility and accessibility, making it an attractive investment for both seasoned and emerging investors seeking a strong return on investment in a prime location. The property's current occupancy and zoning provide a solid foundation for future growth and profitability.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,266,438
- 6.5%
- $1,169,020
- 7%
- $1,085,518
-
Comparable approach
- Method
- Valuation
- Relative Method
- $630,826
- Geo Method
- $630,826
-
Alternative Use
- Use
- Valuation
- Residential
- $1,449,584
- Hospitality
- $1,327,812
- Educational
- $1,104,724
- Medical
- $1,142,717
- Retail
- $1,718,459
Location Insight
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Latitude
- 39.9285
- Longitude
- -75.1684
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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