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    2213 Broad St Philadelphia, PA 19132

    Sponsored
    For Sale
    $899,999

    17-Unit Multifamily Opportunity in Philly

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 4,750 sq ft lot, zoned CMX-25, presents a prime development opportunity in Philadelphia's vibrant North Broad District. Located in a Qualified Opportunity Zone, this property includes an approved zoning permit for a 17-unit multifamily building, incorporating commercial space and desirable amenities. The planned boutique building, approximately 18,400 square feet, will feature an elevator, a 530 sq ft communal lounge on the top floor, and a rooftop terrace offering stunning panoramic city views. Its central location is equidistant to two SEPTA Broad Street Line subway stations, providing convenient access to the entire city. The site's address on North Broad Street, near Temple University's main campus, ensures high visibility and lasting recognition. Detailed plans, pro forma, and permits are available upon request. This is a rare chance to capitalize on the burgeoning North Broad real estate market and the benefits of a Qualified Opportunity Zone designation. The property's size and zoning allow for a substantial return on investment, making it an attractive proposition for experienced developers. Don't miss this opportunity to build a landmark property in a rapidly growing area of Philadelphia.

    Property Features for 2213 Broad St

    General Information

    Property type
    Land

    HighLights

    • Qualified Opportunity Zone (QOZ) multifamily development site.
    • Zoning approval for 17‑unit apartment building with commercial space and amenities.
    • Prime location in Philadelphia's thriving North Broad District.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1559209
    Latitude
    39.9867427

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    FAQs

    What type of property is this?
    Land - 17-Unit Multifamily Opportunity in Philly
    Where is this land located?
    The property is located at 2213 Broad St Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $899,999.
    What are key features of this property?
    This property features: Qualified Opportunity Zone (QOZ) multifamily development site.; Zoning approval for 17-unit apartment building with commercial space and amenities.; Prime location in Philadelphia's thriving North Broad District.
    Request Owner's contact information
    2213 Broad St Philadelphia, PA 19132
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2213 Broad St Philadelphia, PA 19132
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