1326-46 N Broad Street , #2

    Philadelphia, PA 19121
    • $3,500,000
    • STATUS: Active
    • ON SITE: 231 days
    • ID#: 7047081
    UPDATED: 66 min ago
    $3,500,000
    • 0
      BEDS
    • 0.31
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 32,499
      SQFT
    • $108
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1961
    County:

    School Ratings & Info

    School District:
    Listing courtesy of Bhhs Fox & Roach-Center City Walnut.

    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.

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    The data relating to real estate for sale on this website appears in part through the TREND Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which The Kirk Simmon Team | Berkshire Hathaway HomeServices Fox & Roach participates, and is provided by TREND through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and 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. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Copyright 2018 TREND, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Data last updated 2018-04-24T11:02:56.347.
    www.kirksimmon.com/homes/76459414

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

    • Price: $3,500,000
    • Status: Active
    • Updated: 66 min ago
    • ID#: 7047081
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.31
    Acres
    32,499
    SQFT
    $108
    $/SQFT
    1961
    Built
    Neighborhood:
    Temple University
    County:
    Philadelphia
    Area:
    19121 (19121)
    School District:
    Philadelphia
    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.
    Exterior Features

    Exterior Brick Location DowntownUrbanCorner Lot/Unit Lot Dimensions 33X200 Water Front No

    Interior Features

    Interior Square Feet Source Assessor Leasable Sq Ft 14790.0

    Property Features

    Annual Lease Price 3500000.0 Building Or Business Commercial Fuel On Site On Site GasOn Site Electric Land Only No Lease Type Groundlse Lot Number 251 254 Property Option Both Sewer Septic Public Sewer Tax Year 2018 Tenancy Negotiable Lease Total Assessment 0.0 Total Taxes 0.0 Water Public Zoning Code Cmx4



    The data relating to real estate for sale on this website appears in part through the TREND Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which The Kirk Simmon Team | Berkshire Hathaway HomeServices Fox & Roach participates, and is provided by TREND through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and 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. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Copyright 2018 TREND, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Data last updated 2018-04-24T11:02:56.347.
     
    The Kirk Simmon Team | Berkshire Hathaway HomeServices Fox & Roach
    100 Deerfield Lane, Suite 140
    Malvern PA, 19355
    Listing courtesy of Bhhs Fox & Roach-Center City Walnut.