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Listed by Michael D Phillips • Compass Pennsylvania, LLC
$1,575,000
Est. payment /mo
7,916 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 7,916 sqft
Price per Sqft $198
MLS Listing ID PAPH2512458
Year Built 1925
Annual Tax Amount $15,126
Tax Year 2024
Lot Size 5,696 Sqft
Acres 0.13
Lot Dimensions 32.00 x 178.00
Property Sub-Type Retail
Source BRIGHT
Property Description
A rare opportunity to own a 7,916 SF two-story flex/office building with CMX-2 zoning and dual street frontage in the heart of South Philadelphia. With direct access from Broad Street to Carlisle Street, this property offers excellent visibility, off-street parking, and a flexible interior layout ideal for owner-users, creative office, medical, wellness center, showroom, or light industrial operations. With $20-25 PSF in market rate rent depending on upgrades, the property could be an excellent commercial investment property or allow an owner user to use one floor and lease out the other. The current textile operation will vacate upon sale, making the property fully available for immediate use or repositioning. Strategically located just two blocks from the Ellsworth-Federal SEPTA Station on the Broad Street Line, 1412 S Broad Street sits within a dense urban corridor with over 113,000 residents in a one-mile radius and an average household income of over $117,000 within a half-mile. Surrounded by strong retail anchors such as Target, Sprouts, PetSmart, Starbucks, and Giant, this property benefits from both high vehicle (21,000+/day) and pedestrian traffic. The new One Thousand One development just blocks away adds thousands of residents living within walking distance of the property, on top of the existing recent influx from developments like Lincoln Square and the Armory. Buyers should note that the building offers block-to-block access, 14-foot ceilings, two rear off-street parking spaces, and prominent signage potential. The zoning allows for flexible mixed-use commercial possibilities. Don't miss this chance to acquire a versatile South Philly asset with strong underlying land value, long-term upside, and immediate owner-user potential. Contact the listing agents to schedule a private tour or request more detailed financials and zoning insights.
Location
State PA
County Philadelphia
Area 19146 (19146)
Zoning CMX2
Interior
Hot Water Other
Heating Other
Cooling Other
Flooring Hardwood
Equipment Negotiable, See Remarks
Heat Source Other
Exterior
Garage Spaces 2.0
Water Access N
Accessibility None
Total Parking Spaces 2
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 882051625
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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