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

Type: Other Sq Ft: 32,499 Lot Size: 0.31 Acres
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Property Details for 1326-46 N Broad St #2, Philadelphia, PA 19121

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Property Overview

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.
Courtesy Of Berkshire Hathaway HomeServices Fox & Roach, Realtors


  • Age: Over 50 Years Old
  • Architecture Style: Other
  • Exterior Type: Brick
  • Lot Size: 13503.6
  • MLSID: 7047081
  • Roof Type: Unknown

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Copyright 2018 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Additional Comments
The Other property located at 1326-46 N Broad St #2, Philadelphia, PA 19121 is currently for lease. 1326-46 N Broad St #2, Philadelphia is listed for $3,500,000. This property has approximately 32,499 Sq. Ft. , and Lot Size of approximately 0.31 Acres. If the property located at 1326-46 N Broad St #2, Philadelphia, PA isn't what you're looking for, search Pennsylvania commercial real estate to see other properties for sale or lease in Philadelphia.