Property History
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).
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.
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