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Distinctive Office Building Ground Lease
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667 N Broad St, Philadelphia, PA 19123

58,900-square-foot office building offered as a ground lease, currently 65% leased with additional space available.

Property Size58,900 SF
Days on Market19

Property Features for 667 N Broad St

General Information

Standard status Active
Size 58,900 SF
Class B
Property subtype Office
Occupancy 65%

Building Details

Building Size 58,900 SF
Year Built 1900
Listing Agency: Mallin Panchelli Nadel Realty Inc
Listed By: Veronica Blum · License #RS330429
Source: Mpnrealty
Added: Jul 25 Changed: Aug 11 Last Checked: Aug 11 at 6:10AM

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 Mallin Panchelli Nadel Realty Inc

Investment Insights

Based on property information with market context.

MPN Realty Inc presents the sale of the ground lease at the Studebaker Building, a distinctive 58,900-square-foot commercial office property. The building is currently 65% leased, and the remaining space is available—either to lease or for use by a new owner-operator.

Located at 667 N Broad St in Philadelphia’s North Broad Street Corridor, the property is positioned within a rapidly redeveloping area. The offering notes generous zoning, supporting a range of commercial possibilities within the building.

For prospective tenants, buyers, and brokers, this is an operating office asset with in-place occupancy and an availability component that can support continued leasing or owner-occupied use.

Key Highlights

  • 58,900‑square‑foot commercial building offered as a ground lease at the Studebaker Building
  • Currently 65% leased by strong credit tenants
  • Remaining space is vacant and listed for lease, or could be used by a new owner‑operator

Property Analytics

Current Use

Constellation Culinary Group Take-out & Catering The Studebaker Corporate Office Starr Restaurant Group ... Restaurant

Suggested Use

Top Pick Carpet & Flooring Store (Bike/Boat/Book/etc) Store Clothing & Fashion Store Plumbing Service Home Appliance Store Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

65%
Occupancy

Location Intelligence

Trade Area within ½ mile

4,284
Businesses Nearby

Demographics for 19123, PA

18,793
Population
10,636
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
14,456
Density / Sq Mi
$95,872
Median Household Income
$73,760
Median Earnings
$1,687
Median Rent
$544,700
Median Home Value

Market

Vacancy Rate% for Office in Philadelphia, PA

14.2% 2019
14.1% 2020
16.2% 2021
19% 2022
20.5% 2023
19.6% 2024
19.7% 2025
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Frequently Asked Questions

What type of property is this?
Office building - 58,900-square-foot office building offered as a ground lease, currently 65% leased with additional space available.
Where is this office building located?
The property is located at 667 N Broad St Philadelphia, PA.
What are key features of this property?
This property features: 58,900‑square‑foot commercial building offered as a ground lease at the Studebaker Building; Currently 65% leased by strong credit tenants; Remaining space is vacant and listed for lease, or could be used by a new owner‑operator
More about this property
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