Prime North Broad Development
1227-29 N BROAD STREET, Philadelphia, PA 19122
30,000 sq ft commercial site near Broad Street and Girard.
Type:Commercial/Industrial
Property size:
30,000 SFLot size:
0.18 AcresPrice / SF:
$148/SF- Added:
- Mar 12, 2026
- Days on Market:
- 67
- Last Refresh:
- Apr 5 at 8:39 pm
Property Features for 1227-29 N BROAD STREET
General Information
- Standard status
- Active
- Size
- 30,000 SF
- Lot size
- 0.18 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1920
Listing agent T. Bacchus
Listing office Realty Mark Associates (215) 376-4444
Listing date Mar 12, 2026
Source Exitrealty
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
HighLights
- Prime 30,000 sq ft commercial site in the thriving North Broad corridor.
- CMX3 zoning allows for versatile mixed‑use development (retail, office, residential).
- Direct access to Broad Street subway line and close proximity to Temple University.
- Located steps from Broad Street and Girard Avenue intersection, a vibrant transit hub.
- Part of a development renaissance, near major projects like the Lidl mixed‑use development.
- Spans full street‑to‑street from N Broad St to W Thompson St with garage doors in rear and indoor parking.
Overview
This 30,000 sq ft commercial site is situated near the intersection of Broad Street and Girard Avenue. The property has direct access to the Broad Street subway line and Cecil B. Moore station, which is a 10-minute walk away. The site is surrounded by retail, dining, and entertainment options, and is in close proximity to Temple University and Center City. A 171-unit mixed-use project with a Lidl grocery store is located nearby. The property is zoned CMX3 and is suitable for mixed-use development. It is a 4-story building with garage doors in the rear and indoor parking spaces. The building spans from N Broad St to W Thompson St and has an elevator servicing all 4 floors. It is near the Temple Sports Complex and Howard Gittis Student Center, and blocks from Temple University's main campus. The property offers versatile development potential for retail, office, residential, or mixed-use to serve Temple's student population. The property is being sold in "As Is" condition. Buyers are responsible for City Certification.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$4.39M
NOI $394,786 @ 9.00% cap · cautious / downside scenario
Moderate
$5.64M
NOI $394,786 @ 7.00% cap · market / base-case scenario
Aggressive
$7.90M
NOI $394,786 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $658.8k | $21.96 |
| − Vacancy | −$132.4k | −$4.41 |
| EGI | $526.4k | $17.55 |
| − OpEx | −$131.6k | −$4.39 |
| NOI | $394.8k | $13.16 |
30,000 SF · lease $21.96/SF/yr · vacancy 20.10% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$5.64M
$4.93M – $6.58M
NOI $394,786 @ 7.0% cap · market cap 8.87%
Second Best
Mixed Use
$5.09M
$4.46M – $5.94M
NOI $356,400 @ 7.0% cap · market cap 8.01%
Theoretical Best
Multifamily LT 5
$7.31M
$6.40M – $8.53M
NOI $511,947 @ 7.0% cap · market cap 11.50%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.1586
- Latitude
- 39.9729
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - 30,000 sq ft commercial site near Broad Street and Girard.
Where is this mixed-use property located?
The property is located at 1227-29 N BROAD STREET 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: Prime 30,000 sq ft commercial site in the thriving North Broad corridor.; CMX3 zoning allows for versatile mixed‑use development (retail, office, residential).; Direct access to Broad Street subway line and close proximity to Temple University.
