1602 S Broad St, Philadelphia, PA 19145

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 $1,825 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.