Price Reduction
Address
1227-29 N Broad Street, Philadelphia, PA
Price
$ 4,450,000
Property Attributes
- MLS#PAPH2063014
- TypeCommercial
- CountyPHILADELPHIA
- CityPhiladelphia
- Area19122
- NeighborhoodYorktown
- Zip19122
- StyleShopping Center,Storage
- Year Built1920
- Taxes$ 33985
- Price$ 4,450,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage30852
- Lot Size7,841 SqFt
Data Source:
Bright MLS
Property Description
Prime Development Opportunity in Thriving North Broad Corridor. Seize this exceptional chance to be at the epicenter of North Philadelphia's revitalization. This prominent 30,000 sq ft commercial site is ideally situated just steps from the major Broad Street and Girard Avenue intersection, one of the city's most vibrant transit hubs. With Unbeatable Accessibility and Amenities in the surrounding area. Features Direct access to the Broad Street subway line and Cecil B. Moore station just a 10-minute walk away. Surrounded by a wealth of retail, dining and entertainment options like the new AMC theater at Avenue North. Close proximity to Temple University and Center City. Recent groundbreaking of the 171-unit mixed-use project with Lidl grocery anchor just steps away. Be Part of Broad Street's Transformation, North Broad is experiencing a development renaissance with major projects like the Lidl mixed-use project along with other upcoming projects on the 900 block of N Broad St as well as another 28 story proposed project on the 1500 block of N Broad St and of course Shops At Avenue North paving the way. Your 4-story, 30,000 sq ft CMX3 zoned building can be the next catalyst, offering prime retail on the ground floor to enhance walkability on this rejuvenated corridor. This is 4 stories zoned CMX3 for mixed-use development, Garage doors in rear with indoor parking spaces, Spans full street-to-street from N Broad St to W Thompson St, Elevator servicing all 4 floors, Near Temple Sports Complex, Howard Gittis Student Center. Just blocks from Temple University's main campus. This is a solid Versatile Development Potential to offering Retail/office space to serve Temple's student population and potential Residential units in prime location near campus. Turn your vision and imagination into a reality! Flexible for retail, office, residential or mixed-use. With incredible transit access, an influx of new residents, and rapidly increasing amenities, this is a rare opportunity to be at the forefront of North Broad's exciting revitalization. An exceptional investment for the forward-thinking developer, contact us today! Property sold in "As Is" condition. Buyers are responsible for City Certification.
| Price History | |
|---|---|
| 1/5/2022 | Listed $6,900,000 |
| 6/17/2022 | 8% - $6,400,000 |
| 7/2/2022 | 2% - $6,300,000 |
| 8/5/2022 | 2% - $6,200,000 |
| 10/4/2022 | 2% - $6,100,000 |
| 10/13/2022 | 4% - $5,900,000 |
| 1/4/2023 | 9% - $5,400,000 |
| 3/8/2023 | 10% - $4,900,000 |
| 5/8/2023 | 9% - $4,500,000 |
| 2/5/2024 | 1% - $4,475,000 |
| 5/14/2024 | 1% - $4,450,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air |
| Cooling | Central A/C |
| Possession | Immediate |
| Zoning | CMX3 |
| Construction Materials | Masonry |
| Year Built | 1920 |
| Property SubType | Mixed Use |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Natural Gas |
| Business Type | Shopping Center,Storage,Other |
| Accessibility | Elevator,Level Entry - Main |
| County | PHILADELPHIA |
| New Construction | No |
| Property Type | Commercial Sale |
| Subdivision Name | YORKTOWN |
| Water Access Y/N | No |
| Status | ACTIVE |
| Directions | N Broad St & W Thompson St |
| ModificationTimestamp | 2024-05-14T17:09:19 |
| City | PHILADELPHIA |
| Buyer Agent Compensation | 2 |
| MLS Area | 19122 (19122) |
| Lot Size Square Feet | 8000.00 |
| Tax Assessed Value | 2427900.0 |
| Waterfront Y/N | No |
| Street Name | BROAD |
| Tax Annual Amount | 33985.0 |
| Price Per Sq Ft | 144.24 |
| Vacation Rental Y/N | No |
| Days on Market | 808 |
| Standard Status | Active |
| Year Built Source | Estimated |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Hot Water | Natural Gas |
| Heating Y/N | Yes |
| Street Suffix | STREET |
| Central Air Y/N | Yes |
Exterior Features
| Water Source | Public |
|---|---|
| Total Parking Spaces | 15 |
| Type of Parking | Private Garage |
| Water View Y/N | No |
| Building Area Total | 30852.00 |
| Lot Dimensions | 50.00 x 160.00 |
| Lot Size Acres | 0.18 |
| Lot Size Units | Square Feet |
| Lot Size Source | Estimated |
| Land Assessed Value | 485588.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| Fencing Y/N | No |
| Car Parking Spaces | 10 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 19122
Year Built
Walkscore
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