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655 Broad St 59 Philadelphia, PA 19123-2418

OFF-MARKET Apartment buildings Google Maps
14,820 SF 0.13 ac lot Built 1920
Entity Owned Free & Clear
Estimated value (blended)
$1.90M
Range $1.71M – $2.09M (±10%)
Property ID US73-5213401

Property summary

AI-generated overview

This exceptional 2,500-square-foot retail space is ideally situated at 655 N Broad St in Philadelphia, Pennsylvania, zip code 19123. The property is currently vacant and ready for immediate occupancy, presenting a unique opportunity for a single-tenant business. The building's entire footprint is available for lease, offering ample space for a variety of retail concepts. The property is zoned CMX-4 within Philadelphia County, allowing for a wide range of commercial uses. Its location on North Broad Street provides excellent visibility and accessibility, ensuring high foot traffic and strong brand exposure. This is a single-tenant property, eliminating the complexities of multi-tenant management. The property's size and zoning make it suitable for a diverse range of businesses, from boutiques and restaurants to service providers and specialty shops. Interested parties are encouraged to explore the possibilities this prime location offers. The property's address is easily accessible via major transportation routes, further enhancing its appeal to both businesses and customers. This is a rare opportunity to secure a substantial retail space in a vibrant and growing Philadelphia neighborhood. The property is ready for immediate lease and offers a blank canvas for a new business venture. Contact us today to schedule a viewing and discuss your business needs.

Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1920
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 14,820 SF
Lot 0.13 ac (5,600 SF)
Zoning code CMX4
APN 88-1-0414-92
UPID US73-5213401

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel
  • Restaurant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.90M

Owner & transaction history

Zoning & alternative use

CMX4 · Philadelphia, PA
Zoning description

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 ma…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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