CMX-4 Commercial
For Sale
$3,245,900
1216-18 N Broad Street, Philadelphia, PA 19121
The site includes an existing building and sits along the North Broad Street corridor near public transportation.
Property Size5,313 SF
Price / SF$307.38
Days on Market11
Property Features for 1216-18 N Broad Street
General Information
Standard status
Active
Size
5,313 SF
Zoning
CMX-4
Site & Location
Neighborhood
Wharton
Taxes and HOA fees
Annual Taxes
$9,482
Amenities
Natural Gas
Yes
Central
Public
DE0
66.00 x 160.00
0.24
No
Assessor
Parking Lot
Fenced,Paved Parking,Private
12
5313.00
135480.00
Building Details
Building Size
5,313 SF
Year Built
1966
Listing Agency:
Opus Elite Real Estate
(215) 395-6277
Listed By:
Lisa Konopka · License #RS377205
(215) 200-6711
Source:
Farleyandferry
Added: Oct 19
Changed: Oct 28
Last Checked: Oct 28 at 4:37PM
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 Opus Elite Real Estate
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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.
At 1216-18 N Broad Street, this commercial land parcel measures 10,560 square feet, with dimensions of 66 by 160 feet. An existing 5,313-square-foot building occupies the site. The property is zoned CMX-4 and is identified as being within a designated Opportunity Zone.
The parcel fronts the North Broad Street corridor in Philadelphia, near Temple University and public transportation. The site combines an existing structure with a substantial land area in a corridor setting.
The parcel fronts the North Broad Street corridor in Philadelphia, near Temple University and public transportation. The site combines an existing structure with a substantial land area in a corridor setting.
Key Highlights
- 10,560‑square‑foot parcel measuring 66.00 x 160.00 feet
- Existing 5,313‑square‑foot building
- CMX‑4 zoning and designated Opportunity Zone
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$119,351
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,387,020
$2.4M
Cap Rate 7%
$1,705,014
$1.7M
Cap Rate 9%
$1,326,122
$1.3M
Market Conditions
NOI Build-Up for 10,560 SF
Gross rent
$190.1K $18.00/SF
− Vacancy
−$19.6K −$1.85/SF
EGI
$170.5K $16.15/SF
− OpEx
−$51.2K −$4.84/SF
NOI
$119.4K $11.30/SF
Area
Philadelphia, PA
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,387,020
Cap Rate 7%
$1,705,014
Cap Rate 9%
$1,326,122
Alternative Uses
Best Use
Retail
$1.71M
$1.49M – $1.99M
NOI $119,351 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.57M
$2.25M – $3.00M
NOI $180,205 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
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 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Commercial land - The site includes an existing building and sits along the North Broad Street corridor near public transportation.
Where is this commercial land located?
The property is located at 1216-18 N Broad Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $3,245,900.
What are key features of this property?
This property features: 10,560‑square‑foot parcel measuring 66.00 x 160.00 feet; Existing 5,313‑square‑foot building; CMX‑4 zoning and designated Opportunity Zone
