Renovated Mixed-Use
New
For Sale
$800,000
1602-00 S Broad Street, Philadelphia, PA 19145
Two apartments sit above a ground-floor commercial space designated for medical office use.
Property Size3,833 SF
Price / SF$208.71
Days on Market4
Property Features for 1602-00 S Broad Street
General Information
Standard status
Active
Size
3,833 SF
Zoning
RSA5
Space & Availability
Floor
Ground Floor
Condition
Newly Renovated
Site & Location
Neighborhood
Yorktown
Units
Unit Mix
1 x 2BR/1BA (844 SF), 1 x 2BR/2BA (approx 1,200 SF)
Multifamily Units
2
Office Units
1
Additional Details
Asking Price
$800,000
Property Use
Medical Office
Taxes and HOA fees
Annual Taxes
$7,779
Amenities
60+ Gallon Tank
Yes
Natural Gas
No
10' to 12'
Public
20.00 x 82.00
0.04
Estimated
3833.00
Building Details
Building Size
3,833 SF
Year Built
1915
Buildings
1
Listing Agency:
SDG Management, LLC
(267) 239-2424
Listed By:
Jason Kleinman · License #RS362457
(908) 217-3922
Source:
Chennaultrealestate
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 31 at 3:13AM
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 SDG Management, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This renovated mixed-use property contains a ground-level commercial unit of approximately 1,000 SF and two apartments above it. The commercial space is zoned for medical office use. One apartment has 844 SF, two bedrooms, and one bathroom; the other offers approximately 1,200 SF, two bedrooms, and two full bathrooms. The property was built in 1915 and is zoned RSA5.
All three units are vacant and available for lease. A buyer may also take delivery with the property occupied. The building is at 1602-00 S Broad Street in Philadelphia, near Passyunk Square.
All three units are vacant and available for lease. A buyer may also take delivery with the property occupied. The building is at 1602-00 S Broad Street in Philadelphia, near Passyunk Square.
Key Highlights
- Mixed‑use building with 3,833 SF
- Ground‑floor commercial unit of approximately 1,000 SF, zoned for medical office use
- Two apartments above the commercial space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,291
Cap Rate
7.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,205,820
$1.2M
Cap Rate 7%
$861,300
$861.3K
Cap Rate 9%
$669,900
$669.9K
Market Conditions
NOI Build-Up for 3,833 SF
Gross rent
$116.4K $30.36/SF
− Vacancy
−$6.7K −$1.76/SF
EGI
$109.6K $28.60/SF
− OpEx
−$49.3K −$12.87/SF
NOI
$60.3K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,205,820
Cap Rate 7%
$861,300
Cap Rate 9%
$669,900
Alternative Uses
Best Use
Apartment 5plus
$861.3K
$753.6K – $1.00M
NOI $60,291 @ 7.0% cap · market cap 7.54%
Second Best
Office B
$720.6K
$630.5K – $840.7K
NOI $50,440 @ 7.0% cap · market cap 6.31%
Theoretical Best
Multifamily LT 5
$934.4K
$817.6K – $1.09M
NOI $65,410 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,265
Businesses Nearby
Explore this area
Business Placement
Demographics for 19145, PA
47,079
Population
21,295
Households
2.2
Avg Household Size
38
Median Age
36%
College-Educated
89%
High-School Grad
4.8 sq mi
ZIP Area
9,808
Density / Sq Mi
$70,374
Median Household Income
$45,940
Median Earnings
$1,343
Median Rent
$290,100
Median Home Value
Market
Vacancy Rate% for Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two apartments sit above a ground-floor commercial space designated for medical office use.
Where is this mixed-use property located?
The property is located at 1602-00 S Broad Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Mixed‑use building with 3,833 SF; Ground‑floor commercial unit of approximately 1,000 SF, zoned for medical office use; Two apartments above the commercial space
