123 Broad StPhiladelphia, PA 19109

Property Details for 123 Broad St

Year built

1927

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.82 AC

Property size (Sq ft)

760,200 SF

Zone code

CMX5

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

88-3-0256-20

APU

883025620

Description

This Philadelphia County property, located at 123 S Broad St, 19109, offers a diverse range of office solutions. The space caters to various business needs, from single-person executive suites to large corporate offices, and includes coworking options. Tenancy is multiple, allowing for flexibility in lease terms and space requirements. The building offers customizable private offices, fully furnished and equipped to suit individual company needs. Executive office suites in prestigious locations are available, along with disaster recovery spaces and day offices for short-term use. Coworking spaces provide a collaborative environment, with options for dedicated desks or hot-desking. Meeting rooms of various sizes are available for rent, equipped with Wi-Fi and presentation technology, suitable for informal meetings or large conferences. Virtual office options are also available, including business addresses, mail handling, and virtual assistant services, with varying levels of access to physical office space. Flexible working plans provide access to a global network of workspaces, allowing for both local and international use. The available space ranges from small offices to large corporate spaces, accommodating businesses of all sizes. This location provides a professional, inspiring, and collaborative work environment.

• CAP approach

  CAP return

  Valuation

  6%

  $303,672,896

  6.5%

  $280,313,440

  7%

  $260,291,056

• Comparable approach

  Method

  Valuation

  Relative Method

  $153,957,984

  Geo Method

  $153,957,984

• Alternative Use

  Use

  Valuation

  Residential

  $280,313,440

  Hospitality

  $256,765,616

  Educational

  $213,625,968

  Medical

  $220,972,896

  Retail

  $332,307,072

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9497

Longitude

-75.1637

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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