Three-Unit Mixed-Use
For Sale
$1,399,999
2520 N Broad St, Philadelphia, PA 19132
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 Market93
Property Features for 2520 N Broad St
General Information
Standard status
Active
Size
11,362 SF
Building Details
Year Built
1915
Stories
2
Tenancy
Multi
Listing Agency:
Keller Williams Realty
Listed By:
Paul P Cheng · License #AB068536
(215) 327-1722
Source:
Kandorre
Added: Jul 21
Changed: Oct 4
Last Checked: Oct 21 at 1:18AM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$128,416
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,568,320
$2.6M
Cap Rate 7%
$1,834,514
$1.8M
Cap Rate 9%
$1,426,844
$1.4M
Market Conditions
NOI Build-Up for 11,362 SF
Gross rent
$204.5K $18.00/SF
− Vacancy
−$21.1K −$1.85/SF
EGI
$183.5K $16.15/SF
− OpEx
−$55.0K −$4.84/SF
NOI
$128.4K $11.30/SF
Area
Philadelphia, PA
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,568,320
Cap Rate 7%
$1,834,514
Cap Rate 9%
$1,426,844
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 authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,976
Businesses Nearby
Explore this area
Business Placement
Demographics for 19132, PA
33,926
Population
17,402
Households
1.9
Avg Household Size
37
Median Age
13%
College-Educated
83%
High-School Grad
2.2 sq mi
ZIP Area
15,421
Density / Sq Mi
$30,974
Median Household Income
$30,300
Median Earnings
$1,055
Median Rent
$73,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Philadelphia, PA
Frequently Asked Questions
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
