1227-29 N Broad Street, Philadelphia, PA 19122
CMX3 zoned, 4-story building with elevator and street-to-street span, suited for retail and office or mixed-use conversion.
- Added:
- Sep 7, 2021
- Days on Market:
- 1733
- Last Refresh:
- Jun 5 at 2:14 am
Property Features for 1227-29 N Broad Street
General Information
- Standard status
- Active
- Size
- 30,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1920
Listing agent Tahzib Bacchus
Listing office Realty Mark Associates
Listing date Sep 7, 2021
Source Deepcreeklake
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
- 30,000 sq ft, 4‑story CMX3 zoned building built in 1920
- Direct access to the Broad Street subway line and Cecil B. Moore station (about 10‑minute walk)
- Garage doors in rear with indoor parking spaces
- Elevator servicing all 4 floors
- Street‑to‑street building span from N Broad St to W Thompson St
- Sold in “As Is” condition; buyers responsible for City Certification
Overview
The site spans full street-to-street from N Broad St to W Thompson St and is positioned near the major Broad Street and Girard Avenue intersection. The surrounding area includes major transit access, including direct access to the Broad Street subway line and the Cecil B. Moore station, described as about a 10-minute walk away. The property is also described as near Temple University, along with the Temple Sports Complex and the Howard Gittis Student Center.
For tenants, buyers, and developers, the CMX3 zoning and 4-floor configuration support flexible planning, including retail on the ground floor and office space across additional levels. With indoor parking and a rear garage-door setup, the building may accommodate a range of operating requirements while taking advantage of its transit-oriented, Temple-area setting. Nearby development activity is also highlighted in the remarks, including a mixed-use project with a Lidl grocery anchor described as steps away.
Local Financial Insights For Office B
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 | $658.8k | $21.96 |
| − Vacancy | −$132.4k | −$4.41 |
| EGI | $526.4k | $17.55 |
| − OpEx | −$131.6k | −$4.39 |
| NOI | $394.8k | $13.16 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.158634
- Latitude
- 39.972907
