Three-Unit Mixed-Use
2520 N Broad St Philadelphia, PA 19132
New
2520 N Broad St, Philadelphia, PA, 19132
$1,399,999
For Sale
$1,399,999
Well-maintained three-unit mixed-use building with separate utilities and currently leased income across two floors.
Property Size11,362 SF
Price / SF$123.22
Days on Market2
Property Features for 2520 N Broad St
General Information
- Standard status
- Active
- Size
- 11,362 SF
Building Details
- Year Built
- 1915
Listing agency
Keller Williams Realty
(215) 327-1722
Listed by
Paul P Cheng · License #AB068536
Source
Kandorre
Added: Jul 21 Updated: Jul 22 at 2:18PM Checked: Jul 22 at 2:18PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
Well-maintained three-unit mixed-use building with individual utilities for each unit, offering flexibility for investors or owner-users. The first floor includes two units, each approximately 4,500 sq. ft.: a furniture store that is currently leased and a beauty school that is owner-occupied with a projected rent of $4,500/month (NNN). The second floor is 2,000 sq. ft. and is fully leased to a healthcare office, featuring three large offices, a waiting area, and a full bathroom.
The property is located on Broad Street in a highly active, high-visibility commercial corridor and is conveniently situated along a subway line.
Current gross rental income is $132,000 annually, with additional projected income from the owner-occupied beauty school. The property is described as having NNN leases intended to reduce landlord expenses, and it is presented as fully occupied on a projected basis. Proof of funds is required prior to scheduling a showing.
The property is located on Broad Street in a highly active, high-visibility commercial corridor and is conveniently situated along a subway line.
Current gross rental income is $132,000 annually, with additional projected income from the owner-occupied beauty school. The property is described as having NNN leases intended to reduce landlord expenses, and it is presented as fully occupied on a projected basis. Proof of funds is required prior to scheduling a showing.
Key Highlights
- 11,362 sq ft three‑unit mixed‑use building built in 1915, located on Broad Street in a transit‑accessible commercial corridor
- First floor includes two 4,500 sq ft units: furniture store leased at $4,500/month (NNN) and beauty school projected at $4,500/month (NNN)
- Second floor is fully leased as a healthcare office (2,000 sq ft) with 3 large offices, a waiting area, and a full bathroom
Local Financial Insights For Retail
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 | $204.5k | $18.00 |
| − Vacancy | −$21.1k | −$1.85 |
| EGI | $183.5k | $16.15 |
| − OpEx | −$55.0k | −$4.84 |
| NOI | $128.4k | $11.30 |
11,362 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Office B
$2.14M
$1.87M – $2.49M
NOI $149,519 @ 7.0% cap · market cap 10.68%
Second Best
Healthcare Medical
$2.10M
$1.84M – $2.45M
NOI $147,252 @ 7.0% cap · market cap 10.52%
Theoretical Best
Multifamily LT 5
$2.77M
$2.42M – $3.23M
NOI $193,891 @ 7.0% cap · market cap 13.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
L T International ...
Vocational School
JD Furniture And Decor ...
Furniture & Home Goods
Alwa Media LLC
Marketing & Advertising
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Well-maintained three-unit mixed-use building with separate utilities and currently leased income across two floors.
Where is this mixed-use property located?
The property is located at 2520 N Broad St Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,399,999.
What are key features of this property?
This property features: 11,362 sq ft three‑unit mixed‑use building built in 1915, located on Broad Street in a transit‑accessible commercial corridor; First floor includes two 4,500 sq ft units: furniture store leased at $4,500/month (NNN) and beauty school projected at $4,500/month (NNN); Second floor is fully leased as a healthcare office (2,000 sq ft) with 3 large offices, a waiting area, and a full bathroom
