4-Story CMX3 Mixed-Use
1227-29 N Broad Street Philadelphia, PA 19122
1227-29 N Broad Street, Philadelphia, PA, 19122
$4,450,000
For Sale
$4,450,000
CMX3 zoned, 4-story building with elevator and street-to-street span, suited for retail and office or mixed-use conversion.
Property Size30,000 SF
Price / SF$148.33
Days on Market1808
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 agency
Realty Mark Associates
Listed by
Tahzib Bacchus
Source
Deepcreeklake
Added: Aug 9, 2021 Updated: Jul 10 at 1:48PM Checked: Jul 20 at 6:26AM
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.
This 4-story commercial building totals approximately 30,000 square feet and is zoned CMX3 for mixed-use development. The property is presented in “As Is” condition, and buyers are responsible for City Certification. Building improvements include an elevator servicing all four floors and garage doors in the rear with indoor parking spaces.
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.
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.
Key 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
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 |
30,000 SF · lease $21.96/SF/yr · vacancy 20.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.64M
$4.93M – $6.58M
NOI $394,786 @ 7.0% cap · market cap 8.87%
Second Best
Retail
$4.84M
$4.24M – $5.65M
NOI $339,066 @ 7.0% cap · market cap 7.62%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - CMX3 zoned, 4-story building with elevator and street-to-street span, suited for retail and office or mixed-use conversion.
Where is this office building 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: 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
