Four-Story Mixed-Use
For Sale
$4,450,000
1227 1227-29 N Broad St, Philadelphia, PA 19122
CMX3 zoning supports mixed-use development with elevator service and rear garage access.
Property Size30,852 SF
Price / SF$144.24
Days on Market77
Property Features for 1227 1227-29 N Broad St
General Information
Standard status
Active
Size
30,852 SF
Elevators
Yes
Zoning
CMX3
Additional Details
Public Transit
Yes
Amenities
garage doors
indoor parking spaces
elevator
Building Details
Year Built
1920
Buildings
1
Stories
4
Listing Agency:
Realty Mark Associates
Listed By:
Tahzib Bacchus · License #RS330208
(267) 689-7355
Source:
Kableteam
Added: Jul 30
Changed: Sep 13
Last Checked: Oct 5 at 9:45PM
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 Realty Mark Associates
Investment Insights
Based on property information with market context.
Located at 1227-29 N Broad St in Philadelphia, this four-story mixed-use building was constructed in 1920 and contains an elevator serving every floor. The property extends between N Broad St and W Thompson St, with rear garage doors and indoor parking spaces. Its CMX3 zoning supports a combination of retail, office, residential, or other mixed-use development. The building is offered in as-is condition, and buyers are responsible for City Certification.
The site is near the Broad Street subway line, with Cecil B. Moore station approximately a 10-minute walk away. Temple University’s main campus, the Temple Sports Complex, and the Howard Gittis Student Center are nearby. Surrounding amenities include retail, dining, entertainment, and the AMC theater at Avenue North. A 171-unit mixed-use project with a Lidl grocery anchor is also under development nearby.
The site is near the Broad Street subway line, with Cecil B. Moore station approximately a 10-minute walk away. Temple University’s main campus, the Temple Sports Complex, and the Howard Gittis Student Center are nearby. Surrounding amenities include retail, dining, entertainment, and the AMC theater at Avenue North. A 171-unit mixed-use project with a Lidl grocery anchor is also under development nearby.
Key Highlights
- Four‑story building with an elevator serving all 4 floors
- CMX3 zoning supports mixed‑use development
- Property spans from N Broad St to W Thompson St
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$405,998
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,119,960
$8.1M
Cap Rate 7%
$5,799,971
$5.8M
Cap Rate 9%
$4,511,089
$4.5M
Market Conditions
NOI Build-Up for 30,852 SF
Gross rent
$677.5K $21.96/SF
− Vacancy
−$136.2K −$4.41/SF
EGI
$541.3K $17.55/SF
− OpEx
−$135.3K −$4.39/SF
NOI
$406.0K $13.16/SF
Area
Philadelphia, PA
Vacancy
20.10%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,119,960
Cap Rate 7%
$5,799,971
Cap Rate 9%
$4,511,089
Alternative Uses
Best Use
Office B
$5.80M
$5.07M – $6.77M
NOI $405,998 @ 7.0% cap · market cap 9.12%
Second Best
Mixed Use
$5.24M
$4.58M – $6.11M
NOI $366,522 @ 7.0% cap · market cap 8.24%
Theoretical Best
Multifamily LT 5
$7.52M
$6.58M – $8.77M
NOI $526,486 @ 7.0% cap · market cap 11.83%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,449
Businesses Nearby
Explore this area
Business Placement
Demographics for 19122, PA
26,668
Population
10,139
Households
2.6
Avg Household Size
28
Median Age
42%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
20,514
Density / Sq Mi
$57,785
Median Household Income
$31,871
Median Earnings
$1,294
Median Rent
$341,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Philadelphia, PA
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Frequently Asked Questions
What type of property is this?
Mixed-use property - CMX3 zoning supports mixed-use development with elevator service and rear garage access.
Where is this mixed-use property located?
The property is located at 1227 1227-29 N Broad St Philadelphia, PA.
What is the asking price?
The asking price for this property is $4,450,000.
What are key features of this property?
This property features: Four‑story building with an elevator serving all 4 floors; CMX3 zoning supports mixed‑use development; Property spans from N Broad St to W Thompson St
