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Listed by ERIC Dvotsky • BHHS Fox & Roach-Center City Walnut
$995,000
Est. payment /mo
1,640 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Newbold
MLS Listing ID PAPH2580650
Year Built 1915
Annual Tax Amount $8,715
Tax Year 2025
Lot Size 1,640 Sqft
Acres 0.04
Lot Dimensions 20.00 x 82.00
Property Sub-Type Mixed Use
Source 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
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 871169750
Ownership Fee Simple
Special Listing Condition Standard
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NEARBY SCHOOL & BUSINESS