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1310-12 N Broad St Philadelphia, PA 19121

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For Sale
$5,999,999

22-unit building near Temple University with tax abatement through 2031.

Lot size:
0.12 Acres

Property Features for 1310-12 N Broad St

General Information

Standard status
Active
Lot size
0.12 Acres

Building Details

Year built
2019

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Listing Contact
Ryan J Mcmanus
Source: Exitrealty

Listing Agency: Keller Williams Liberty Place Listing Agent: Ryan J Mcmanus

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

North Broad Multifamily Investment Opportunity

Located along the North Broad corridor at Temple University's Main Campus, this 5-story, 22-unit building was constructed in 2019. The structure spans street-to-street lot coverage and includes south-facing private balconies. The property is positioned to capture rental demand from both Temple University and the North Broad/Francisville submarkets. The property is located on North Broad Street, near the Septa subway line, providing connectivity between Temple University and Center City Philadelphia. The property is surrounded by amenities and is within close proximity to campus attractions, facilities, academic and athletic buildings, and restaurants. Interior features include custom kitchen cabinets with stainless steel Whirlpool appliances, hardwood flooring, recessed ceiling lights, backsplash tile, and natural stone countertops. Bathrooms include TOTO toilets, and matte black fixtures and matching accessories from Delta and Pfister, glossy white tile, and natural wood transitional vanities. A full-floor rooftop terrace provides views of the Philly skyline. Elevator access is available. The property has a full 10-year tax abatement through 2031. Additionally, there is a ±3100+ SF QOZ multifamily development site available for sale directly in the rear of 1310 Broad, zoned for 14 units, which can also accommodate paved parking.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Philadelphia
County
Delaware
State
Pennsylvania
Longitude
-75.168045
Latitude
39.933807

FAQs

What type of property is this?
Apartment building - 22-unit building near Temple University with tax abatement through 2031.
Where is this apartment building located?
The property is located at 1310-12 N Broad St Philadelphia, PA.
What is the asking price?
The asking price for this property is $5,999,999.
What are key features of this property?
This property features: - Prime location on Temple University's Main Campus along the North Broad corridor.; - Significant rental upside potential (approximately 30%) based on current rents and commercial vacancy.; - Full 10-year tax abatement in place through 2031.
More about this property
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