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Property profile & analytics
OFF-MARKET
Turn key restaurants

231 Broad St Philadelphia, PA 19107-5303

5,200 SF 0.06 ac lot Built 1900
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US73-1794269
Property summary
AI-generated overview

This 15,000 square foot, three-story medical office building at 231 N. Broad Street in Philadelphia County offers a unique opportunity. Built in 1917, the property is ideally situated on a major artery in Center City, providing convenient access to a covered parking garage. Currently configured as a multi-tenant building with one suite, 5,000 square feet of space is immediately available. The building offers efficient layouts, with the potential to lease the entire space or individual floors. Each floor provides patient-friendly features including direct elevator access and clear wayfinding from the ground floor lobby. The location benefits from proximity to prestigious medical facilities such as Pennsylvania Hospital, Jefferson University Hospital, Magee Rehabilitation Hospital, and Drexel University College of Medicine. Furthermore, its central location places it within easy reach of City Hall, the Pennsylvania Convention Center, and Reading Terminal Market. Excellent public transportation access is available via SEPTA bus routes, subway lines, trolley lines, Regional Rail lines, and PATCO. Build-to-suit options may be available to meet specific tenant needs. This property presents a compelling investment opportunity in a thriving, densely populated area experiencing significant population growth. The building's central location and proximity to major medical institutions make it an ideal location for medical practices seeking a high-profile presence in Philadelphia's Center City.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1900
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,200 SF
Lot 0.06 ac (2,600 SF)
Zoning code CMX5
APN 88-2-3872-00
UPID US73-1794269
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. Amitabha Mitra, MD Physician Medical Clinic
  • Dr. Susan E. Tarry, MD Physician Medical Clinic
  • Dr. Arpita Mukherjee, MD Physician
  • Huppert Arthur S MD Physician
  • Lyons Chvala Nephrology Associates Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Is Pahh Oz LLC · 4 yrs held
Is Pahh Oz LLC
since 2021
5 recorded transactions
2021
$400,000
2018
$590,000
2016
Price N/A
2015
$7.5M
1969
Price N/A
Zoning & alternative use
CMX5 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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