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3216 N BROAD ST Philadelphia PA 19140

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Details
Property Type Retail
Sub Type Shopping Center
Building SqFt 30,400
Year Built 2004
Lease Type ******
Days on Market ******
Latitude 40.0022
Longitude -75.1528

Property History

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Property Type
Property Type
Retail
Property Subtype
Shopping Center
Marketing Description

MPN Realty, Inc. is pleased to exclusively present for sale Broad Street Plaza, a single story multi-tenated retail property at the signalized corner of Broad and Westmoreland streets across from Temple University Hospital and Temple Dental School. Two blocks south is the venture project between Amtrak & HFZ Captial group to build a mixed use Transit Oriented Development of up to 4 million SF. When developed 15 years ago, Seller had plans to build 5 stories of medical office/residential above. This site is in a Qualified Opportunity Zone (QOZ).

Investment Highlights
  • Located on major north/south commercial corridor in Philadelphia

  • Located in an infill location with significant barriers to entry as the neighborhood is largely built‐out

  • Federal tax benefits of Qualified Opportunity Zone (QOZ)

  • Offers off-street parking, which is not commonly found in high density urban locations. In addition, there is ample on street parking

  • Area is economically supported by the presence of densely populated area and by the presence of the Health Sciences Center of Temple University Medical School Campus and Hospital

  • POSSIBLE FUTURE DEVELOPMENT: In 2004, the seller had plans to build 5 stories of residential above retail. Given the economic condition at the time, only 1 story was built. The possibility of a future multi-story building remains. This property is in a QOZ.

Loan History

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Financial History

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****** Data
Net Operating Income
******
Reporting Date
******

Tax History

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Contact Information

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Ownership Information

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Property Details

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There are no additional details for this property

Contacts

Listing removed on
 BY:
VB
Veronica Blum PRO
•••.•••.1728
•blum@•••••••••.com
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