1602 S BROAD STREETPHILADELPHIA, PA 19145

Commercial · 3,123 Sq. ft. | 0.04 Acres
$899,000 ACTIVE

1602 S BROAD STREET Overview

Time on Site:
146 days
Visits:
21

Philly CRE Advisors proudly presents 1602 S Broad St, a recently rehabbed (2022) mixed-use/multifamily property, exceptionally well-positioned along the Broad Street corridor in South Philadelphia's Newbold neighborhood. This location places the property at the crossroads of several of Philadelphia's most sought-after residential and commercial districts, making it highly attractive to owner-occupant business owners and investors alike. The property benefits from immediate proximity to some of the city's hottest neighborhoods, including Graduate Hospital, East Passyunk, Point Breeze, Rittenhouse Square, and Center City, all of which continue to experience strong residential demand, commercial growth, and long-term appreciation. Its placement along Broad Street provides direct north/south connectivity, exceptional visibility, and consistent foot and vehicle traffic, an ideal environment for a business owner seeking exposure while maintaining easy access to the city's core. Adding to its strategic advantage, the Broad Street Line subway entrance is located directly in front of the property, offering unmatched transit access to Center City, University City, and beyond. Combined with its recent renovation, stabilized residential income, and proximity to major employment hubs, dining corridors, and retail destinations, 1602 S Broad St is uniquely positioned as a low-maintenance, transit-oriented asset with enduring appeal for both owner users and investors.

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1602 S BROAD STREET Facts & Features

  • Type Commercial
  • Sq. ft. 3,123
  • Price/Sq.ft. $288
  • Lot 0.04 Acres

Details

General

Listing Information

  • Real Estate Owned: No
  • Short Sale: No

Building Information

  • New Construction: No
  • Year Built: 1915

Business Information

  • Business Type: Other/General Retail,Medical

Location/Region

  • Country: US
  • County: PHILADELPHIA
  • County Or Parish: PHILADELPHIA
  • MLS Area Major: 19145 (19145)
  • Subdivision Name: NEWBOLD

Parking Information

  • Total Parking Spaces: 0
  • Type of Parking: On Street

Tax Information

  • City/Town Tax: 3834.00
  • City/Town Tax Payment Frequency: Annually
  • County Tax Payment Frequency: Annually
  • School Tax: 4880.00
  • Tax Annual Amount: $8,715.00
  • Tax Assessed Value: 622600.00
  • Tax Year: 2025

General Information

  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • School District Name: PHILADELPHIA CITY
  • Special Listing Conditions: Standard
  • Vacation Rental: No
  • Year Assessed: 2025
  • Zoning: RSA5

Interior

Building Information

  • Cooling Fuel: Electric
  • Heating Fuel: Electric
  • Total Drive In Doors: 0

Parking Information

  • Garage: No

Building Interior

  • Building Area Source: Estimated
  • Building Area Total: 3123.00
  • Central Air: Yes
  • Hot Water: Electric

General Information

  • Accessibility Features: None
  • Cooling: Central A/C

Exterior

Building Information

  • Total Loading Docks: 0

Lot Information

  • Lot Dimensions Source: Assessor
  • Lot Size Dimensions: 20.00 x 82.00
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 1640.00
  • Lot Size Units: Square Feet
  • Water Source: Public

Waterfront/View

  • Water Oriented: No
  • Water View: No
  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Masonry

General Information

  • Number Of Units Total: 3
  • Sewer: Public Sewer
  • Water Access: No

1602 S BROAD STREET Neighborhood

Community

19145 (PHILADELPHIA) Demographics

38
Median Age
8,529
Population Density (per sq. mile)
36%
College Educated
$54,353
Estimated Median Income
10,698
Estimated Total Home Owners
7,279
Estimated Total Renters
60% / 40%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

1602 S BROAD STREET Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1602 S BROAD STREET Market Data

Based on the last 30 days in this zip code

$342,938
Average List Price
$264
Average Price per Square Foot
29
Properties Sold
86
Average Days on Market
230
Properties for Sale
Calculations provided by Reliance Network

1602 S BROAD STREET History

Date Event Value Agent
6/25/2026Source: BRIGHT MLS Price Reduction
$899,000 -2.8%
Philly Home Advisors
Listing Agent
6/17/2026Source: BRIGHT MLS Price Reduction
$925,000 -2.6%
Philly Home Advisors
Listing Agent
5/4/2026Source: BRIGHT MLS Price Reduction
$950,000 -4.5%
Philly Home Advisors
Listing Agent
4/2/2026Source: BRIGHT MLS Price Reduction
$995,000 -9.5%
Philly Home Advisors
Listing Agent
2/4/2026Source: BRIGHT MLS Added to Database
February 04, 2026
Philly Home Advisors
Listing Agent
12/3/2024Source: BRIGHT MLS Added to Database
August 10, 2021
Philly Home Advisors
Listing Agent
Listing provided courtesy of BHHS Fox & Roach-Center City Walnut- MLS# PAPH2580650MLS ProviderContact Information: 2156276005