447 N Broad St
1.4 Acres of Commercial Land in Philadelphia, PA 19123
INVESTMENT HIGHLIGHTS
- Prime Transit Oriented Location.
- Site Depth to Phase Development.
- Broad Street Frontage.
- Building & Parking Lease Revenue Potential.
EXECUTIVE SUMMARY
RECENT PRICE REDUCTION!! Having been owed institutionally for generations, this full block site assemblage is being made available for sale on the vibrant North Broad Street corridor within one half mile of City Hall and one mile from the heart of Temple University. The property is eligible for both Federal Opportunity Zone and New Market Tax Credits. It is adjacent to significant new national developer activity, and is near the emerging Rail Park and Spring Arts Districts.
Site dimensions are ideal for the possibility of a two tower phased development. Furthermore, the existing site slope promotes a
significant first floor and plaza area scale to occur naturally above garage access from the east section of the property
Site dimensions are ideal for the possibility of a two tower phased development. Furthermore, the existing site slope promotes a
significant first floor and plaza area scale to occur naturally above garage access from the east section of the property
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Lot Size | 1.40 AC |
Existing building on site, also available for lease: 73,560 Square feet, consisting of a 4 story classroom building on Broad Street and a 2 story building extending to the east.
DESCRIPTION
447 N. Broad is a full block surrounded by Buttonwood, North 13th Street, Hamilton Street and N. Broad Street. It is 4 blocks north of City Hall and 1/2 block south of Spring Garden Street.
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Walk Score®
Walker's Paradise (95)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (89)
PROPERTY TAXES
| Parcel Number | 771635115 | Improvements Assessment | $7,672,356 |
| Land Assessment | $1,146,444 | Total Assessment | $8,818,800 |
ZONING
| Zoning Code | CMX-4 (Commercial Mixed Use (CMX-4) allows for 729K FAR SQ with selection of bonus FAR layers allowing two mid-rise towers. As-of-Right FAR is 304,902 SF.) |
