2315 Broad StPhiladelphia, PA 19132

Property Details for 2315 Broad St

Year built

1920

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.22 AC

Property size (Sq ft)

14,533 SF

Zone code

CMX2.5

Property type

Specialty properties

Property subtype

Other specialty properties

APN

88-2-9223-30

APU

882922330

Description

This exceptional 12,789 square foot, five-story Class B multifamily building at 2315 N Broad Street in Philadelphia, PA, presents a compelling redevelopment opportunity. Currently configured as a 10-unit apartment building, also suitable for student housing, this property sits on a 0.33-acre lot and offers significant upside potential. The investment type is classified as redevelopment, allowing for substantial improvements and modernization. The existing structure provides a solid foundation for a new project, with the potential to add underground parking and expand to a 5-6 story building, incorporating a new entrance on N. Watts Street, accessible from Broad Street. The location is highly desirable, boasting convenient access to public transportation, including bus and subway stations directly on Broad Street. Its proximity to Temple University's campus further enhances its appeal to students and young professionals. This owner-user property presents a unique chance to capitalize on the vibrant Philadelphia real estate market and create a high-yield investment. The property is free and clear of any ground lease. This is a rare chance to acquire a multifamily property in a prime location with significant redevelopment potential. The property is being offered for sale.

• Alternative Use

  Use

  Valuation

  Residential

  $3,159,469

  Hospitality

  $2,894,057

  Educational

  $2,407,821

  Medical

  $2,490,630

  Retail

  $3,745,500

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9885

Longitude

-75.1553

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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