2509-2537 Broad St Philadelphia, PA 19132
This exceptional industrial property, located at 2509-2537 N Broad Street in Philadelphia, Pennsylvania, offers 97,905 square feet on a 3.18-acre lot. The property boasts prime visibility with direct frontage on Broad Street (approximately 110 feet) and Cumberland Street (approximately 106 feet). Currently zoned CMX-3/I-2 (Commercial Mixed Use/Industrial) by the City of Philadelphia, it benefits from existing approvals for the construction of 118 residential units. The site's strategic location provides immediate access to the North Broad Street train station. Further enhancing its appeal, this property is situated within a Qualified Opportunity Zone (QOZ), and the potential exists for utilizing historically preserved tax credits for a portion of the site. Detailed environmental reports and surveys are available upon request for qualified buyers. The estimated 2023 property taxes are $40,069. The owner is open to considering the sale of each building individually. This presents a unique opportunity for investors seeking a high-profile location with significant development potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.