231 Broad St Philadelphia, PA 19107-5303
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.
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Dr. Amitabha Mitra, MD Physician Medical Clinic
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Dr. Susan E. Tarry, MD Physician Medical Clinic
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Dr. Arpita Mukherjee, MD Physician
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Huppert Arthur S MD Physician
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Lyons Chvala Nephrology Associates Physician Medical Clinic
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CMX5 · Philadelphia, PAPhiladelphia. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.