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Property profile & analytics

231 Broad St Philadelphia, PA 19107-5303

  • Turn key restaurants
  • 5,200 SF
  • 0.06 lot acres
OFF-MARKET
Value Estimations
$335,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US73-1794269
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Dr. Amitabha Mitra, MD / Plastic Surgeon
  • Dr. Susan E. Tarry, MD / Urologist
  • Dr. Arpita Mukherjee, MD / Doctor
  • Huppert Arthur S MD / Rheumatologist
  • Lyons Chvala Nephrology Associates / Nephrologist

Property Details for 231 Broad St

Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.06 lot acres
Property size
5,200 SF
Zone code
CMX5
Property type
Turn key restaurants
APN
88-2-3872-00
APU
882387200

Description

This 15,000 square foot, three-story medical office building at 231 N. Broad Street in Philadelphia County offers a unique opportunity. Built in 1917, the property is ideally situated on a major artery in Center City, providing convenient access to a covered parking garage. Currently configured as a multi-tenant building with one suite, 5,000 square feet of space is immediately available. The building offers efficient layouts, with the potential to lease the entire space or individual floors. Each floor provides patient-friendly features including direct elevator access and clear wayfinding from the ground floor lobby. The location benefits from proximity to prestigious medical facilities such as Pennsylvania Hospital, Jefferson University Hospital, Magee Rehabilitation Hospital, and Drexel University College of Medicine. Furthermore, its central location places it within easy reach of City Hall, the Pennsylvania Convention Center, and Reading Terminal Market. Excellent public transportation access is available via SEPTA bus routes, subway lines, trolley lines, Regional Rail lines, and PATCO. Build-to-suit options may be available to meet specific tenant needs. This property presents a compelling investment opportunity in a thriving, densely populated area experiencing significant population growth. The building's central location and proximity to major medical institutions make it an ideal location for medical practices seeking a high-profile presence in Philadelphia's Center City.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $325,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $473,000
    Market price range: $256k - $473k

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Philadelphia
County
Philadelphia
State
Pennsylvania
Longitude
-75.1641
Latitude
39.9482
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$27,440
$537,973
$1,422,327
$1,960,300
-
$537,973
$1,422,327
$1,960,300
More about this property
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