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    207 Broad St Philadelphia, PA 19107

    For Lease
    $22 SF/Yr ($11,812 /Mo)

    Prime Medical Office Space, 6,300 SF

    Lot size:
    6,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 6,300-square-foot medical office condominium presents a unique investment opportunity in Philadelphia's vibrant Market Street East submarket. Located at 207 N Broad Street, between Race Street and the Vine Street Expressway, this two-story property offers unparalleled convenience and accessibility. Built in 1939, the building features a single-tenant occupancy, with the entire 6,300 square feet currently vacant. The property sits on a 0.092-acre lot and boasts an elevator for easy access to both floors. Its CMX-4 zoning designation allows for a variety of commercial and retail uses, providing flexibility for future development. The property's central location offers proximity to City Hall, the Convention Center, and Reading Terminal Market, ensuring high visibility and foot traffic. Convenient parking is readily available in a nearby public lot. This turn-key medical office space is ready for immediate occupancy and offers a versatile floor plan adaptable to various medical practices. The property's Philadelphia County location and 19107 zip code further enhance its desirability. This is a rare opportunity to acquire a fully vacant, well-located medical office condo in the heart of Center City Philadelphia.

    Property Features for 207 Broad St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,300 SF
    Total Rate
    11812.5

    Building Details

    Year Built
    1939
    Stories
    2

    Unit(s) available at that property

    Space
    Available Space
    Size
    6,300 SF
    Rate per SF
    $22

    HighLights

    • Center City Philadelphia medical office condo.
    • Medical, office, and retail space available.
    • Fee simple ownership.
    • Approximately 6,300 square feet.
    • Currently used as medical office space.
    • First‑floor location.
    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
    -75.162354
    Latitude
    39.9564671

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office Space, 6,300 SF
    Where is this medical office located?
    The property is located at 207 Broad St Philadelphia, PA.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Center City Philadelphia medical office condo.; Medical, office, and retail space 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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