CMX3 Zoned Retail
3617 North Broad Street Philadelphia, PA 19140
3617 North Broad Street, Philadelphia, PA, 19140
$3,900,000
For Sale
$3,900,000
Retail building with three units totaling 11,160 SF, zoned CMX3 and located on North Broad Street.
Property Size11,160 SF
Price / SF$349.46
Days on Market154
Property Features for 3617 North Broad Street
General Information
- Standard status
- Active
- Size
- 11,160 SF
- Property subtype
- Street Retail
Listing agency
KW Commercial | Center City
(267) 238-5735
Listed by
Andre Watson · License #RS305752
(267) 238-5735
Source
Thebrokerlist
Added: Feb 18 Updated: Jul 20 at 6:37PM Checked: Jul 21 at 2:59AM
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 KW Commercial | Center City
Investment Insights
Based on property information with market context.
This retail building totals 11,160 SF and is divided into three units, offering flexible options for a range of retail occupancies. The property is zoned CMX3, supporting a versatile mix of potential uses. The offering is positioned as a redevelopment opportunity, with the size and configuration designed to accommodate future retail plans.
Located at 3617 North Broad Street in Philadelphia, the property sits on a primary artery and is described as being less than 100 feet from Shriners Hospital for Children. It is also noted as being at the Temple University Medical Campus.
For investors and retailers evaluating street-level formats, the combination of unit-ready layout and CMX3 zoning provides a practical platform for re-tenanting or repositioning the building within a dense institutional corridor.
Located at 3617 North Broad Street in Philadelphia, the property sits on a primary artery and is described as being less than 100 feet from Shriners Hospital for Children. It is also noted as being at the Temple University Medical Campus.
For investors and retailers evaluating street-level formats, the combination of unit-ready layout and CMX3 zoning provides a practical platform for re-tenanting or repositioning the building within a dense institutional corridor.
Key Highlights
- 11,160 SF retail building at 3617 North Broad Street in Philadelphia, PA
- Divided into 3 units, offering multiple retail spaces within one property
- Zoned CMX3, providing commercial flexibility for retail use
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 | $200.9k | $18.00 |
| − Vacancy | −$20.7k | −$1.85 |
| EGI | $180.2k | $16.15 |
| − OpEx | −$54.1k | −$4.84 |
| NOI | $126.1k | $11.30 |
11,160 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.80M
$1.58M – $2.10M
NOI $126,133 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.72M
$2.38M – $3.17M
NOI $190,444 @ 7.0% cap · market cap 4.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Angelo Affordable Car ...
Financial Advisor
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Retail building with three units totaling 11,160 SF, zoned CMX3 and located on North Broad Street.
Where is this storefront property located?
The property is located at 3617 North Broad Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: 11,160 SF retail building at 3617 North Broad Street in Philadelphia, PA; Divided into 3 units, offering multiple retail spaces within one property; Zoned CMX3, providing commercial flexibility for retail use
