Mixed-Use/Industrial Property in Opportunity
For Sale
Contact for pricing
2519 N Broad St, Philadelphia, PA
97,905 SF property with development potential in Philadelphia.
Property Size97,905 SF
Lot Size1.50 Acres
Price / SF$153.21
Days on Market1269
Property Features for 2519 N Broad St
General Information
Standard status
Active
Size
97,905 SF
Lot size
1.50 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Binswanger - Corporate
(856) 630-0774
Listed By:
Jason Ostach
(856) 630-0774
Source:
Moodyscre
Added: Feb 7, 2023
Changed: Jul 6
Last Checked: Jul 21 at 6:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Binswanger - Corporate
Investment Insights
Based on property information with market context.
This property offers approximately 97,905 square feet of space on 3.18 acres. It features frontage on Broad Street (approximately 110 feet) and Cumberland Street (approximately 106 feet). The site is located within a qualified opportunity zone. Current approvals are in place for 118 residential units. Historically preserved tax credits are potentially available for a portion of the site. The zoning is CMX-3 / I-2, designated for commercial mixed-use and industrial purposes within the city of Philadelphia. Immediate access to the North Broad Street train station is available. Environmental reports and a survey are available to qualified prospects. The estimated taxes for 2023 are $40,069.00. Ownership would consider a sale of each building separately.
Key Highlights
- Approximately 97,905 sf on 3.18 acres available for sale.
- Prime exposure with direct frontage on Broad St and Cumberland St.
- Current approvals in place for 118 residential units.
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $2.11M | $21.60 |
| − Vacancy | −$253.8k | −$2.59 |
| EGI | $1.86M | $19.01 |
| − OpEx | −$697.9k | −$7.13 |
| NOI | $1.16M | $11.88 |
97,905 SF · lease $21.60/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$16.62M
$14.54M – $19.39M
NOI $1,163,111 @ 7.0% cap · market cap 7.75%
Second Best
Industrial
$10.27M
$8.98M – $11.98M
NOI $718,779 @ 7.0% cap · market cap 4.79%
Theoretical Best
Multifamily LT 5
$23.87M
$20.88M – $27.85M
NOI $1,670,738 @ 7.0% cap · market cap 11.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,738
Businesses Nearby
Explore this area
Business Placement
Market
Properties on Market for Industrial properties in Philadelphia
Vacancy Rate% for Industrial in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - 97,905 SF property with development potential in Philadelphia.
Where is this industrial property located?
The property is located at 2519 N Broad St Philadelphia, PA.
What is the asking price?
The asking price for this property is $15,000,000.
What are key features of this property?
This property features: Approximately 97,905 sf on 3.18 acres available for sale.; Prime exposure with direct frontage on Broad St and Cumberland St.; Current approvals in place for 118 residential units.
