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1326-46 N BROAD ST #2, PHILADELPHIA, 19121

$3,500,000

  • Residential Income /SingleBldg
1326-46 N BROAD ST #2, PHILADELPHIA, PA for sale.
1326-46 N BROAD ST #2, PHILADELPHIA, PA for sale.
                                  1326-46 N BROAD ST #2, PHILADELPHIA, PA for sale.
                                  1326-46 N BROAD ST #2, PHILADELPHIA, PA for sale.
                                  1326-46 N BROAD ST #2, PHILADELPHIA, PA for sale.
                                  1326-46 N BROAD ST #2, PHILADELPHIA, PA for sale.
                                  1326-46 N BROAD ST #2, PHILADELPHIA, PA for sale.
                                  1326-46 N BROAD ST #2, PHILADELPHIA, PA for sale.
                                  1326-46 N BROAD ST #2, PHILADELPHIA, PA for sale.
                                  1326-46 N BROAD ST #2, PHILADELPHIA, PA for sale.
                                  1326-46 N BROAD ST #2, PHILADELPHIA, PA for sale.
                                  1326-46 N BROAD ST #2, PHILADELPHIA, PA for sale.
                                  1326-46 N BROAD ST #2, PHILADELPHIA, PA for sale.
                                  1326-46 N BROAD ST #2, PHILADELPHIA, PA for sale.
                                  1326-46 N BROAD ST #2, PHILADELPHIA, PA for sale.
                                  1326-46 N BROAD ST #2, PHILADELPHIA, PA for sale.
                                  1326-46 N BROAD ST #2, PHILADELPHIA, PA for sale.
                                  1326-46 N BROAD ST #2, PHILADELPHIA, PA for sale.
Courtesy of Ryan McManus, BHHS Fox & Roach-Center City Walnut
To qualified investors, buyers, developers and preservationists: seize the rare opportunity to acquire and redevelop the historic Freedom Theatre building located at the SW corner of North Broad & Master Streets on TU's vibrantly expanding world-class campus. The property's favorable high-density CMX-4 zoning classification allows for as much as 100 per cent lot coverage plus 500 per cent FAR and 700 per cent bonuses. Approximately 14,790 SF of lot coverage is available for redevelopment, along with the existing historic structure. The lot runs street-to-street from North Broad to Carlisle Street with 33 feet of frontage on North Broad, 100 feet of frontage on Carlisle Street, and 200 feet along Master Street. This key corner property is historically designated and offers its future owner the lucrative opportunity to pursue preservation tax credits and grants from the state of PA, in addition to the city's powerful 10-year tax abatement program, which can be utilized to strategically redevelop this asset to its best and highest modern use. The building is rich in classical architectural detail, from its handsome 19th Century (c. 1853) brownstone fa~ade to its dramatic North Broad entrance. One block NW from our subject site, The Modules at TempleTown (1417 N 15th Street), a 72-unit new construction student-housing development, traded for 11.78M in July 2017. Next door from our subject site (1324 North Broad) plans have been approved for a 17-story, 180-unit tower designed by local starchitect Cecil Baker, which will incorporate a lively array of street-activating retail. Immediately to the rear of our subject site, at 1325 N 15th Street, 64 luxury residential units with an underground parking garage were constructed and successfully leased up in 2015. The TU Sports Complex, which was designed and built from the ground up, opened in August 2016 directly across the street at 1333 North Broad. The Legendary Blue Horizon boxing venue at 1314 North Broad is under contract after being listed for 4.75M and is scheduled to soon undergo a full transformation into a large mixeduse development under its new ownership. These are just a handful of the many examples of progressive new development immediately surrounding the Freedom Theatre on North Broad. For a full recap of North Broad and TU development projects, Historic preservation assessment from the community design collaborative + artistic renderings, inquire within. Listing price reflects development potential.
Last updated on 5/25/2018
Courtesy of Ryan McManus, BHHS Fox & Roach-Center City Walnut

More Details for 1326-46 N BROAD ST #2

Property Class: Multi-Family
Listing Status: Active
City: PHILADELPHIA
State: PA
Zip: 19121
Area: Philadelphia – 19121
Subarea:TEMPLE UNIVERSITY
County: PHILADELPHIA-PA
Class: Residential Income
Property Subtype: SingleBldg
Approx Lot Size: 0.310
Lot Area Acre: 0.31
Property Age: 57
Listing#: 7048741
School District: Philadelphia
Tax Year: 2018
Taxes/Yr: $0 /2018

Features for 1326-46 N BROAD ST #2

Basement Type: Full
Exterior: Brick
Garage Spaces: NoGarage
Interior Features: Elevator
Parking: Street
Cooling: Central A/C
Entrance: Foyer
Handicap: None
Hot Water: Natural Gas
Property Condition: Fixer-Upper
Water: Public
Design: AptBldg
Floor: Wood
Heating: Gas
Laundry Type: NoLaundry
Sewer Septic: Public Sewer

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Data relating to real estate for sale on this website appears in part through the TREND IDX program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which BHHS Fox & Roach participates, and is provided by TREND through a licensing agreement. Real estate listings held by brokerage firms other than BHHS Fox & Roach are marked with the IDX/IDX PLUS icon & detailed information about each listing includes the name of the listing broker. The information provided by this website is for the personal, non-commercial use of consumers & may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. © 2016 TREND, all rights reserved. Information deemed reliable, but not guaranteed.
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