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1326-46 N Broad Street #2, Philadelphia, PA 19121

$3,500,000

  • For Sale
  • Active
  • Multi-Family
1326-46 N Broad Street #2, Philadelphia, PA 19121View this property at 1326-46 N Broad Street #2, Philadelphia, PA 19121
1326-46 N Broad Street #2PhiladelphiaPA19121

Property Description

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.

Full Property Details for 1326-46 N Broad Street #2

General

  • Price: $3,500,000
  • Taxes: (2017)
  • Status: Active
  • Type: Multi-Family
  • MLS ID: 1000317753
  • Updated: 1/15/2018
  • Added: 165 day(s) ago

Property History

  • 1326-46 N Broad Street #2, Philadelphia, PA
  • Listed at $3,500,000 on 9/7/17

Business

  • Includes: Land Only

Interior

  • Interior Features: Elevator
  • Flooring: Wood

Rooms

Bedrooms

  • Master Bedroom: Unspecified

Other Rooms

  • Laundry: None

Parking

  • Parking Features: Street

Location

  • Area: 19121 (19121)
  • County: Philadelphia
  • Development Name: Temple University
  • Subdivision: Temple University
  • Cross Streets: Master

School Information

  • School District: The School District Of Philadelphia

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C
  • Heating Type: Gas
  • Heating Fuel: Natural Gas
  • Water Heater: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Info: Other
  • Structure Type: Single Building
  • Construction: Brick
  • Basement: Yes
  • Basement Desc.: Full
  • Entry Location: Foyer
  • Sq. Ft. Source: Assessor
  • Year Built: 1960
  • Year Built Source: Estimated
  • Property Condition: Fixer

Unit Information

  • Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 8, Unit 3, Unit 6, Unit 7, Unit 9

Unit 1

  • Unit Description: Unit 1

Unit 2

  • Unit Description: Unit 2

Unit 3

  • Unit Description: Unit 3

Unit 4

  • Unit Description: Unit 4

Unit 5

  • Unit Description: Unit 5

Unit 6

  • Unit Description: Unit 6

Unit 7

  • Unit Description: Unit 7

Unit 8

  • Unit Description: Unit 8

Unit 9

  • Unit Description: Unit 9

Lot Features

  • Lot Size (Acres): 0.31
  • Lot Size (Sq. Ft.): 13,333
  • Lot Dimensions: 33 x 200
  • Zoning: CMX4

Financial Considerations

  • Tax w/Assessment: $1,797,200
  • Tax Year: 2017
  • Heat Included: Yes

Disclosures and Reports

  • Ownership: Fee Simple
  • Lot: 251 254

Listed by BHHS Fox & Roach-Center City Walnut, Ryan J McManus

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Schools

Schools serving 1326-46 N Broad Street #2

School District:
The School District Of Philadelphia
School Name
Grades
Distance
Paul Lawrence Dunbar School
1750 N 12th St, Philadelphia, PA 19122
PK-8
0.4 mi
Benjamin Franklin High School
550 N Broad St, Philadelphia, PA 19130
9-12
0.7 mi
Disclaimer: School data provided by Pitney Bowes. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.

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Community Info

Community Infofor 1326-46 N Broad Street #2

1326-46 N Broad Street #2, Philadelphia, PA 19121 (MLS# 1000317753) is a Multi-Family property with units containing 0 bedrooms and 0 full bathrooms. 1326-46 N Broad Street #2 is currently listed for $3,500,000 and was received on September 07, 2017. Want to learn more about 1326-46 N Broad Street #2? Do you have questions about finding other Multi-Family real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

Listed by BHHS Fox & Roach-Center City Walnut, Ryan J McManus