Culinary School
For Sale
$2,800,000
1212-14 S BROAD ST, Philadelphia, PA 19146
Two-story educational facility with classrooms, commercial kitchen infrastructure, and flexible assembly space.
Property Size17,200 SF
Price / SF$162.79
Days on Market47
Property Features for 1212-14 S BROAD ST
General Information
Standard status
Active
Size
17,200 SF
Zoning
CMX2
Additional Details
Road Access
Yes
Building Details
Buildings
1
Stories
2
Listing Agency:
Spectrum Realty
Listed By:
Anthony M DeFino
(215) 389-2222
Source:
Graves
Added: Sep 1
Changed: Oct 10
Last Checked: Oct 16 at 8:50AM
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 Spectrum Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 17,200-square-foot, two-story building is currently configured as a culinary restaurant school. The first floor features an open plan with capacity for 300–350 people and a commercial kitchen. Educational and kitchen facilities occupy the second floor, including classrooms and a large rear lounge for students.
The property includes a rear entrance and extends from street to street. Located at 1212–14 S Broad St in Philadelphia, the building is within walking distance of Center City, Passyunk Square, the Italian Market area, supermarkets, shopping, and restaurants. Current zoning is CMX2.
The property includes a rear entrance and extends from street to street. Located at 1212–14 S Broad St in Philadelphia, the building is within walking distance of Center City, Passyunk Square, the Italian Market area, supermarkets, shopping, and restaurants. Current zoning is CMX2.
Key Highlights
- 17,200‑square‑foot two‑story building at 1212–14 S Broad St, Philadelphia, PA 19146
- Current culinary restaurant school configuration
- First‑floor open plan with capacity for 300–350 people
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$249,228
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,984,560
$5.0M
Cap Rate 7%
$3,560,400
$3.6M
Cap Rate 9%
$2,769,200
$2.8M
Market Conditions
NOI Build-Up for 17,200 SF
Gross rent
$361.2K $21.00/SF
− Vacancy
−$28.9K −$1.68/SF
EGI
$332.3K $19.32/SF
− OpEx
−$83.1K −$4.83/SF
NOI
$249.2K $14.49/SF
Area
Philadelphia, PA
Vacancy
8.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,984,560
Cap Rate 7%
$3,560,400
Cap Rate 9%
$2,769,200
Alternative Uses
Best Use
Specialty Retail
$3.56M
$3.12M – $4.15M
NOI $249,228 @ 7.0% cap · market cap 8.90%
Second Best
Industrial
$1.80M
$1.58M – $2.10M
NOI $126,276 @ 7.0% cap · market cap 4.51%
Theoretical Best
Multifamily LT 5
$4.19M
$3.67M – $4.89M
NOI $293,516 @ 7.0% cap · market cap 10.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,035
Businesses Nearby
162k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Groceries 39%
Dining 14%
Home Improvements & Furnishings 2%
ACME Markets
Groceries
32,911 visits/mo
0.5 miles
Sprouts Farmers Market
Groceries
23,111 visits/mo
0.2 miles
Sunoco
Shops & Services
16,488 visits/mo
0.5 miles
Lukoil
Shops & Services
12,955 visits/mo
0.2 miles
Family Dollar
Shops & Services
9,909 visits/mo
0.2 miles
Demographics for 19146, PA
41,920
Population
22,182
Households
1.9
Avg Household Size
34
Median Age
65%
College-Educated
94%
High-School Grad
1.7 sq mi
ZIP Area
24,659
Density / Sq Mi
$99,702
Median Household Income
$68,849
Median Earnings
$1,708
Median Rent
$452,200
Median Home Value
Market
Vacancy Rate% for Retail in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
School - Two-story educational facility with classrooms, commercial kitchen infrastructure, and flexible assembly space.
Where is this school located?
The property is located at 1212-14 S BROAD ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 17,200‑square‑foot two‑story building at 1212–14 S Broad St, Philadelphia, PA 19146; Current culinary restaurant school configuration; First‑floor open plan with capacity for 300–350 people
