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$ 995,000
Est. payment | /mo
1,640 Sqft Lot
$ 995,000
Est. payment | /mo
1,640 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Lot Size 1,640 Sqft
MLS Listing ID PAPH2580650
Subdivision Newbold
Total Units 3
Short Sale No
Originating MLS BRIGHT
Property Description
Philly CRE Advisors proudly presents 1602 S Broad St, a recently rehabbed (2022) mixed-use/multifamily property, exceptionally well-positioned along the Broad Street corridor in South Philadelphia's Newbold neighborhood. This location places the property at the crossroads of several of Philadelphia's most sought-after residential and commercial districts, making it highly attractive to owner-occupant business owners and investors alike. The property benefits from immediate proximity to some of the city's hottest neighborhoods, including Graduate Hospital, East Passyunk, Point Breeze, Rittenhouse Square, and Center City, all of which continue to experience strong residential demand, commercial growth, and long-term appreciation. Its placement along Broad Street provides direct north/south connectivity, exceptional visibility, and consistent foot and vehicle traffic, an ideal environment for a business owner seeking exposure while maintaining easy access to the city's core. Adding to its strategic advantage, the Broad Street Line subway entrance is located directly in front of the property, offering unmatched transit access to Center City, University City, and beyond. Combined with its recent renovation, stabilized residential income, and proximity to major employment hubs, dining corridors, and retail destinations, 1602 S Broad St is uniquely positioned as a low-maintenance, transit-oriented asset with enduring appeal for both owner users and investors.
Location
State PA
County Philadelphia
Area 19145 (19145)
Zoning RSA5
Interior
Hot Water Electric
Heating Hot Water
Cooling Central A/C
Heat Source Electric
1-purchase type For Sale
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Building
New Construction N
Lot Dimensions 20.00 x 82.00
Sewer Public Sewer
Water Public
Schools
School District Philadelphia City
Others
Tax Amount $8,715
Tax Year 2025
Tax ID 871169750
Ownership Fee Simple
Special Sale Standard
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Listed by ERIC Dvotsky • BHHS Fox & Roach-Center City Walnut
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Robert Lucido
Advisor | yjnn 4444789