Assembled Multi-Parcel Development
2509-2537 N Broad Street Philadelphia, PA 19132
New
For Sale
$13,500,000
Fully assembled 11-parcel site at a major regional transit node, anchored by the E.A. Wright Bank Note Company building.
Property Size95,000 SF
Lot Size3.18 Acres
Price / SF$142.11
Days on Market2
Property Features for 2509-2537 N Broad Street
General Information
- Standard status
- Active
- Size
- 95,000 SF
- Lot size
- 3.18 Acres
Building Details
- Year Built
- 1925
Listing Agency:
(484) 221-1556
Listed By:
Home Sweet Home PHL
(484) 221-1556
Source:
Homesweethomephl.idxbroker
Added: Jul 23
Changed: Jul 24
Last Checked: Jul 24 at 4:44AM
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 Home Sweet Home PHL
Investment Insights
Based on property information with market context.
Rare North Broad Street development opportunity featuring a fully assembled 3.18-acre site at a major regional transit node. The assemblage spans eleven contiguous parcels and is anchored by the historic E.A. Wright Bank Note Company building.
The offering is presented with significant by-right development capacity, along with additional density potential described in the remarks through TOD and green-building incentives. This configuration provides a straightforward path for developers seeking an assembled parcel footprint in a transit-oriented setting, while also retaining the landmark anchor building within the same contiguous site.
For buyers evaluating redevelopment and expansion strategies, the key value here is the pre-assembled, multi-parcel control of a single, contiguous development footprint with an existing historic structure on site.
The offering is presented with significant by-right development capacity, along with additional density potential described in the remarks through TOD and green-building incentives. This configuration provides a straightforward path for developers seeking an assembled parcel footprint in a transit-oriented setting, while also retaining the landmark anchor building within the same contiguous site.
For buyers evaluating redevelopment and expansion strategies, the key value here is the pre-assembled, multi-parcel control of a single, contiguous development footprint with an existing historic structure on site.
Key Highlights
- Fully assembled 3.18‑acre development site at a major regional transit node
- Comprised of 11 contiguous parcels for a single assembled land offering
- Anchored by the historic E.A. Wright Bank Note Company building
Financial Insights For Industrial
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 | $1.08M | $11.40 |
| − Vacancy | −$86.6k | −$0.91 |
| EGI | $996.4k | $10.49 |
| − OpEx | −$298.9k | −$3.15 |
| NOI | $697.5k | $7.34 |
95,000 SF · lease $11.40/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Industrial
$9.96M
$8.72M – $11.62M
NOI $697,452 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$23.16M
$20.26M – $27.02M
NOI $1,621,165 @ 7.0% cap · market cap 12.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Commercial land
FAQs
What type of property is this?
Commercial land - Fully assembled 11-parcel site at a major regional transit node, anchored by the E.A. Wright Bank Note Company building.
Where is this commercial land located?
The property is located at 2509-2537 N Broad Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $13,500,000.
What are key features of this property?
This property features: Fully assembled 3.18‑acre development site at a major regional transit node; Comprised of 11 contiguous parcels for a single assembled land offering; Anchored by the historic E.A. Wright Bank Note Company building
