Renovated Professional Office
For Sale
Contact for pricing
1802 S BROAD STREET, Philadelphia, PA 19145
Move-in-ready office suite with nine private offices, conference room, two full bathrooms, and kitchen/break area.
Property Size5,488 SF
Price / SF$0.91
Days on Market99
Property Features for 1802 S BROAD STREET
General Information
Standard status
Active
Size
5,488 SF
Property subtype
Commercial
Site & Location
Neighborhood
North Philadelphia
Amenities
nine private offices
conference room
two full bathrooms
fully equipped kitchen/break area
central air conditioning
gas heat
handicap-accessible entry
Building Details
Year Built
1920
Listing Agency:
MAXWELL REALTY COMPANY
(215) 546-6000
Listed By:
Nancy L Alperin · License #RM050817L
(215) 620-0099
Source:
Cummingsrealtors
Added: Jul 23
Changed: Oct 29
Last Checked: Oct 28 at 6:52AM
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 MAXWELL REALTY COMPANY
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Investment Insights
Based on property information with market context.
This renovated professional office space is designed for day-to-day client and staff operations, featuring nine private offices, a spacious conference room, and two full bathrooms. The suite also includes a fully equipped kitchen/break area, along with central air conditioning and gas heat for year-round comfort.
Located on South Broad Street in South Philadelphia, the property offers visibility on a high-traffic commercial corridor with handicap-accessible entry.
The interior configuration supports a range of professional uses, including office-based practices and services requiring multiple rooms for private meetings and consultations.
Located on South Broad Street in South Philadelphia, the property offers visibility on a high-traffic commercial corridor with handicap-accessible entry.
The interior configuration supports a range of professional uses, including office-based practices and services requiring multiple rooms for private meetings and consultations.
Key Highlights
- 3,000 SF professional office on South Broad Street with prominent, high‑traffic visibility
- Move‑in‑ready layout with nine private offices plus a spacious conference room
- Includes two full bathrooms and a fully equipped kitchen/break area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,124
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,422,480
$1.4M
Cap Rate 7%
$1,016,057
$1.0M
Cap Rate 9%
$790,267
$790.3K
Market Conditions
NOI Build-Up for 5,488 SF
Gross rent
$131.7K $24.00/SF
− Vacancy
−$13.2K −$2.40/SF
EGI
$118.5K $21.60/SF
− OpEx
−$47.4K −$8.64/SF
NOI
$71.1K $12.96/SF
Area
Philadelphia, PA
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,422,480
Cap Rate 7%
$1,016,057
Cap Rate 9%
$790,267
Alternative Uses
Best Use
Office B
$1.03M
$902.8K – $1.20M
NOI $72,220 @ 7.0% cap · market cap 1,445.85%
Second Best
Healthcare Medical
$1.02M
$889.1K – $1.19M
NOI $71,124 @ 7.0% cap · market cap 1,423.90%
Theoretical Best
Multifamily LT 5
$1.34M
$1.17M – $1.56M
NOI $93,652 @ 7.0% cap · market cap 1,874.91%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,179
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Office unit - Move-in-ready office suite with nine private offices, conference room, two full bathrooms, and kitchen/break area.
Where is this office unit located?
The property is located at 1802 S BROAD STREET Philadelphia, PA.
What are key features of this property?
This property features: 3,000 SF professional office on South Broad Street with prominent, high‑traffic visibility; Move‑in‑ready layout with nine private offices plus a spacious conference room; Includes two full bathrooms and a fully equipped kitchen/break area
