1900 Broad St Philadelphia, PA 19145
- Medical offices
- 7,521 SF
- 0.23 lot acres
Current Use by Public Records
- Dr. Atul S. Rao, MD / Vascular Surgeon
- Pizzi Elise R / Nurse Practitioner / Professional Services
- Foot & Ankle Center of Phila / Medical Clinic / Podiatrist
- Dr. Eli M. Lourie, MD / Pediatrician
- Dr. Saba Khan, MD / Pediatrician
Property Details for 1900 Broad St
- Year built
- 1925
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.23 lot acres
- Property size
- 7,521 SF
- Zone code
- RSA5
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 77-3-0610-00
- APU
- 773061000
Description
This exceptional medical office building, located at 1900 S. Broad Street in Philadelphia County, presents a unique opportunity for healthcare providers. The property offers five available suites ranging from 2,326 to 8,296 square feet, providing flexibility for various practice sizes. The building itself boasts a total of 41,480 square feet across five floors and is scheduled for completion by the second quarter of 2024. Its prominent South Broad Street location offers significant signage and branding opportunities, ensuring high visibility and accessibility. The building includes convenient amenities such as private parking and designated ambulance/transport loading areas. Its strategic location near Constitution Health Plaza, a substantial 300,000 square foot healthcare facility, guarantees a high volume of patient and staff traffic. Furthermore, the property benefits from excellent proximity to major transportation arteries, including I-76, I-95, and I-295, as well as the Ben Franklin and Walt Whitman Bridges. Public transportation is readily available, with a perfect walk and transit score of 100. The surrounding area is rich with other prominent medical institutions, including The Children's Hospital of Philadelphia, Thomas Jefferson University Hospital, Pennsylvania Hospital, Hospital of the University of Pennsylvania, and Wills Eye Hospital, creating a thriving medical hub. This location offers unparalleled convenience and accessibility for both patients and staff.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,320,000
- ML approach
- $2,290,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,625,000
- 6.5%
- $1,500,000
- 7%
- $1,390,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,627,000
Market price range: $434k - $2.87M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $1,845,000 Current use
- RESTAURANT
- $2,330,000 Change: +26% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $2,090,000 Change: +13% Conversion: Moderate
- OFFICE BUILDING
- $1,915,000 Change: +4% Conversion: Easy
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.1696
- Latitude
- 39.9267
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
