1602 S Broad St - Office/Residential FOR SALE


Philadelphia, PA 19145- Point Breeze
$1,100,000 USD
267-243-4652
1602 S Broad St, Philadelphia, PA for Sale
$1,100,000 USD
Office/Residential - FOR SALE
1/24
null | Request Cap Rate

1602 S Broad St
Philadelphia, PA 19145
Point Breeze


HIGHLIGHTS

  • Close Proximity to Methodist Hospital
  • Luxury Interior Finishes
  • Updated Mechanical Systems
  • Central Air Conditioning
  • Stabilized Income Profile
  • High-Traffic Location with Strong Visibility

OVERVIEW

Philly CRE Advisors proudly presents 1602 S Broad St, a well-maintained mixed-use/multifamily property prominently positioned along the highly visible Broad Street corridor in South Philadelphia’s Newbold neighborhood, offering a compelling opportunity for investors, owner-occupants, and especially medical professionals seeking a strategically located live-work or investment asset. The property features luxury residential finishes, in-unit washer and dryer, central air, and updated mechanical systems, delivering modern comfort with minimal near-term capital needs. The residential units are stabilized with strong in-place income, including Unit 3, a 2-bedroom, 2-bathroom unit leased at $2,000 per month and Unit 2, a 2-bedroom, 1-bathroom unit leased at $1,936 per month, creating immediate cash flow while providing flexibility for an owner-user or professional office presence. Its prime location offers close proximity to Methodist Hospital, the South Philadelphia Sports Complex and stadium district, Passyunk Avenue’s dining and retail corridor, and convenient access to Center City via Broad Street transit, making it particularly attractive to healthcare professionals, investors, and business owners seeking strong visibility, accessibility, and long-term appreciation potential in one of South Philadelphia’s steadily growing commercial corridors.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$276 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,550 SF

ZONING

RSA5

APN/PARCEL ID

871169750

ASK ABOUT THIS PROPERTY

Eric DvotskyBerkshire Hathaway Fox & Roach - Devon-WayneMore Info
267-243-4652

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Eric DvotskyBerkshire Hathaway Fox & Roach - Devon-WayneMore Info
267-243-4652

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.