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    207 Broad St Philadelphia, PA 19107

    Sponsored
    For Sale
    $1,200,000

    Prime Philly Medical Office, 6300 SF

    Property size:
    6,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a vacant, fee-simple medical office condo in Philadelphia's vibrant Center City. Located at 207 N Broad St, this 6,300 square foot, two-story suite is situated in a Class B building constructed in 1939. The property boasts a convenient first-floor location, offering high visibility and accessibility. Zoned CMX-4, this versatile space allows for a wide range of commercial and retail uses, in addition to its current medical setup. The building features an elevator and is conveniently located near public transportation, offering easy access for patients and staff. Adjacent public parking provides ample off-street parking options. This turn-key medical office is ideally positioned between Race Street and the Vine Street Expressway, with close proximity to City Hall, the Convention Center, and Reading Terminal Market. The 0.092-acre lot offers a prime location in a thriving, amenity-rich neighborhood. The asking price is $1,200,000, translating to $190.48 per square foot. The building's total gross area is 30,380 square feet. This property represents a rare opportunity to acquire a well-located, versatile commercial space in the heart of Philadelphia. The property's APN is 883023600.

    Property Features for 207 Broad St

    General Information

    Property type
    Medical offices
    Square Feet
    6,300 SF
    Class
    B
    Lot Size
    4,008 SF

    Building Details

    Year Built
    1939
    Stories
    2

    HighLights

    • Center City Philadelphia medical office condo.
    • Suitable for medical, office, or retail use.
    • 6,300 square feet available, fee simple ownership.
    • First‑floor space, turnkey medical setup.
    • Elevator building with 30,380 square feet gross building area.
    • Adjacent off‑street public parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Paul Chin-Fan Li Dentist Dr. Paul Li, ... Oral Surgeon Over The Road Truck ... Trucking Company Dr. Nabil A. Abaza, ... Dentist Dr. Jean Koka Oncologist

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop 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
    -75.1623849
    Latitude
    39.9565069

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    FAQs

    What type of property is this?
    Medical office - Prime Philly Medical Office, 6300 SF
    Where is this medical office located?
    The property is located at 207 Broad St Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Center City Philadelphia medical office condo.; Suitable for medical, office, or retail use.; 6,300 square feet available, fee simple ownership.
    Request Owner's contact information
    207 Broad St Philadelphia, PA 19107
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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
    207 Broad St Philadelphia, PA 19107
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