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Property profile & analytics
OFF-MARKET Estimated value $75,195,000
Hospitals

1930 Broad St Philadelphia, PA 19145-2328

513,963 SF 3.41 ac lot Built 1945
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US73-2149652
Property summary
AI-generated overview

The Constitution Health Plaza, a prominent South Philadelphia medical and office complex, presents exceptional leasing opportunities. This 276,184 square foot facility, originally built in 1920 and extensively renovated in 2014, boasts a diverse tenant mix including Children's Hospital of Philadelphia (CHOP), Kindred, and Mercy Health. The property features 22 suites, with 45,880 square feet currently vacant, offering spaces ranging from 482 to 26,943 contiguous square feet. Located on a 3.479-acre site on Broad Street, the complex provides convenient access to major roadways including I-76 and I-95, City Hall, sports stadiums, and Philadelphia International Airport. The Plaza includes a five-level parking garage and a one-story powerhouse building, ensuring ample parking and operational support. Its prime location and modern amenities make it ideal for healthcare, professional, and educational services, catering to both national organizations and independent practices. The attended lobby and state-of-the-art facilities create a welcoming and efficient environment for patients and visitors. This multi-building complex is under new management and offers exciting prospects for prospective tenants seeking a well-established and strategically located presence in South Philadelphia. Philadelphia County location.

Property profile
Verified
Property type Hospitals
Use group HOSPITAL - PRIVATE
Year built 1945
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 513,963 SF
Lot 3.41 ac (148,670 SF)
Zoning code CMX3
APN 77-3-0100-00
UPID US73-2149652
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
  • Olde City Day School High School
  • Mercy Health System hospital Hospital
  • Davida Kornreich Krupnick Physician Medical Clinic
  • Pennsylvania Dermatology Partners - Steven R.Weasen MD Physician Medical Clinic
  • Dr. Michael Abendroth || Philadelphia Eye Associates Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$102.48M
Comparable Approach Comparable
$50.17M
Blend (final) Blend
$75.20M
Owner & transaction history
Ac Hss Office Ventures II LLC · 4 yrs held
Ac Hss Office Ventures II LLC
since 2021
Last sale
$75.0M
7 recorded transactions
2021
Price N/A
2021
$75.0M
2018
Price N/A
2016
Price N/A
2012
$2.6M
2011
$1.0M
1969
Price N/A
Zoning & alternative use
CMX3 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

CMX-3 Community Commercial Mixed-Use C-3 RC-3 CMX-4 Core Commercial Mixed-Use C-4 CMX-5 Center City Core Commercial Mixed-Use C-5 CA-1 Auto-Oriented Commercial-1 C-7 NSC CA-2 Auto-Oriented Commercial-2 ASC Eliminated >> C-6 (.2) Map Symbols. (.a) The alphanumeric map symbols are intended to provide a general, relative indication of the range of uses and acti…

Zone name Community Commercial Mixed Use
General category MIXED_USE
Zone area 2,102.81 ac
Source TITLE 14. ZONING AND PLANNING
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