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447 N Broad St

1.4 Acres of Commercial Land in Philadelphia, PA 19123

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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

Marketing Flyer

Property Facts

Sale Type	Investment	Property Subtype	Commercial
Sale Conditions	1031 Exchange Lease Option Redevelopment Project	Proposed Use	Commercial Retail Office Apartment Units
No. Lots	1	Total Lot Size	1.40 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Sale Type	Investment
Sale Conditions	1031 Exchange Lease Option Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Retail Office Apartment Units
Total Lot Size	1.40 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Lot Size	1.40 AC

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)

What is a Walk Score®, Transit Score® & Bike Score®?

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Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

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, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

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PROPERTY TAXES

Parcel Number	771635115	Improvements Assessment	$7,672,356
Land Assessment	$1,146,444	Total Assessment	$8,818,800

PROPERTY TAXES

Parcel Number

771635115

Land Assessment

$1,146,444

Improvements Assessment

$7,672,356

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.)
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.)

Listing ID: 30544037
Date on Market: 1/5/2024
Last Updated:
Address: 447 N Broad St, Philadelphia, PA 19123

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447 N Broad St, Philadelphia, PA for sale Primary Photo- Image 1 of 3 — Primary Photo

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