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Property profile & analytics
FOR LEASE
Medical Office Space

1900 S Broad St Philadelphia, PA 19145

7,521 SF 0.23 ac lot Built 1925
Entity Owned 1-yr Hold Free & Clear
Property ID
US73-0853376
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL CLINIC
Year built 1925
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 7,521 SF
Lot 0.23 ac (9,831 SF)
Zoning code RSA5
APN 77-3-0610-00
UPID US73-0853376
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dr. Atul S. Rao, MD Physician Hospital
  • Pizzi Elise R Physician
  • Foot & Ankle Center of Phila Medical Clinic
  • Dr. Eli M. Lourie, MD Pediatrician Medical Clinic
  • Dr. Saba Khan, MD Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.29M
CAP Approach CAP
$1.50M
Comparable Approach Comparable
$2.63M
Blend (final) Blend
$2.47M
Owner & transaction history
1900 South Board Street Owner LLC · 1 yrs held
1900 South Board Street Owner LLC
since 2024
Last sale
$2.6M
3 recorded transactions
2024
Price N/A
2022
$2.6M
2010
$715,000
Zoning & alternative use
RSA5 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

tial Single-Family Detached-3 R2 RSA-1 Residential Single-Family Attached-1 R3 RSA-2 Residential Single-Family Attached-2 R4 RSA-3 Residential Single-Family Attached-3 R5 RSA-4 Residential Single-Family Attached-4 R6 R7 RSA-5 Residential Single-Family Attached-5 R9A R10A R20 RSA-6 Residential Single-Family Attached-6 NA (new district) RTA-1 Residential Two-F…

Zone name Residential Single Family Attached
General category RESIDENTIAL
Zone area 10,695.07 ac
Source TITLE 14. ZONING AND PLANNING
Top alternative use upside
Restaurant $2.3M +26.1%
Apartment house (5+ units) $2.1M +13.3%
Office building $1.9M +3.6%
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