2123 Broad St Philadelphia, PA 19122
- Investment properties
- 6,280 SF
- 0.07 lot acres
Current Use by Public Records
- Antioch@Temple / Church / Association / Organization
Property Details for 2123 Broad St
- Year built
- 1960
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.07 lot acres
- Property size
- 6,280 SF
- Zone code
- CMX2.5
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 87-1-4003-95
- APU
- 871400395
Description
This exceptional 19,200 square foot development parcel is located at 2123 N Broad St, Philadelphia, PA 19122, within the North Broad District and Temple University submarket. Zoned CMX-25, this property offers a compelling opportunity to construct a 22-unit (44-bed) multifamily building with 700 square feet of commercial space. The site benefits from its proximity to Temple University, Philadelphia's largest university, ensuring strong rental demand. Its transit-oriented location further enhances its appeal. This development site is eligible for a 10-year tax abatement, allowing for payment of taxes on the assessed land value only during that period. The asking price is $949,999, presenting an attractive land basis for a sound investment thesis in a high-growth area supported by robust rental fundamentals. The property is situated in a Qualified Opportunity Zone (QOZ), offering additional investment incentives. This is a rare chance to capitalize on the thriving Temple University submarket and its consistent student population.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.1559
- Latitude
- 39.9854
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
