Mixed-Use Corner Redevelopment
6301-11 N Broad Street Philadelphia, PA 19141
6301-11 N Broad Street, Philadelphia, PA, 19141
$850,000
For Sale
$850,000
Corner mixed-use redevelopment property in a CMX-2.5 zone with proximity to a major transportation center.
Property Size2,880 SF
Price / SF$295.14
Days on Market105
Property Features for 6301-11 N Broad Street
General Information
- Standard status
- Active
- Size
- 2,880 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1965
Listing agency
Realty Mark Cityscape-Huntingdon Valley
(609) 304-2314
Listed by
Christopher Twardy · License #1540241
(609) 304-2314
Source
Thetristaterealestategroup
Added: Apr 10 Updated: Jul 23 at 6:03AM Checked: Jul 23 at 6:03AM
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 Realty Mark Cityscape-Huntingdon Valley
Investment Insights
Based on property information with market context.
This mixed-use corner property is offered for sale and is positioned at the intersection of North Broad Street and West Godfrey Avenue. The property is described as an expansive CMX-2.5 zoned site with a high-visibility corner presence, suitable for redevelopment or investment.
The asset is located just steps from the Olney Transportation Center, providing transit access to Center City and surrounding areas. Public remarks also note close proximity to major institutions including Einstein Medical Center and La Salle University, along with nearby Fisher Park.
With CMX-2.5 zoning and a flexible mixed-use framework, the property is presented for potential ground-floor retail with multi-family residential units above, subject to applicable approvals.
The asset is located just steps from the Olney Transportation Center, providing transit access to Center City and surrounding areas. Public remarks also note close proximity to major institutions including Einstein Medical Center and La Salle University, along with nearby Fisher Park.
With CMX-2.5 zoning and a flexible mixed-use framework, the property is presented for potential ground-floor retail with multi-family residential units above, subject to applicable approvals.
Key Highlights
- Corner lot on N Broad St and W Godfrey Ave with CMX‑2.5 zoning for mixed‑use redevelopment
- 0.44‑acre site (158 x 120 per assessor) with 20 on‑site parking spaces in a parking lot
- Electric hot water and heating (heating Y/N: Yes)
Local Financial Insights For Apartment 5plus
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 | $87.4k | $30.36 |
| − Vacancy | −$5.1k | −$1.76 |
| EGI | $82.4k | $28.60 |
| − OpEx | −$37.1k | −$12.87 |
| NOI | $45.3k | $15.73 |
2,880 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$647.2K
$566.3K – $755.0K
NOI $45,301 @ 7.0% cap · market cap 5.33%
Second Best
Mixed Use
$488.8K
$427.7K – $570.2K
NOI $34,214 @ 7.0% cap · market cap 4.03%
Theoretical Best
Multifamily LT 5
$702.1K
$614.3K – $819.1K
NOI $49,147 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Corner mixed-use redevelopment property in a CMX-2.5 zone with proximity to a major transportation center.
Where is this mixed-use property located?
The property is located at 6301-11 N Broad Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Corner lot on N Broad St and W Godfrey Ave with CMX‑2.5 zoning for mixed‑use redevelopment; 0.44‑acre site (158 x 120 per assessor) with 20 on‑site parking spaces in a parking lot; Electric hot water and heating (heating Y/N: Yes)
