1248 S Broad St,PHILADELPHIA, PA 19146
PHILADELPHIA, PA 19146
Description
Exceptional South Broad Street opportunity on a prominent corner lot with strong visibility, scale, and multiple potential paths for repositioning. Located along one of Philadelphia's most recognizable corridors, this property offers investors and developers the chance to transform a highly visible asset in a sought-after urban location.The ground floor is currently operating as a funeral home and will be decommissioned by the seller in preparation for sale, offering a more straightforward transition for the next owner. The finished basement provides additional functional square footage with high ceilings and plumbed bathrooms. The upper two floors are currently configured as a single residential unit and are leased month to month, with the tenant preparing to vacate in the near future, creating added flexibility for redevelopment or reconfiguration.The property is served by central air conditioning on the first floor and basement level with window units in the second and third floors. Mechanical systems include an above-ground oil tank fueling an oil furnace for the upper floors and a newer gas-fired furnace servicing the basement and first floor. A newer roof, installed within the last five years, covers approximately three quarters of the structure, excluding the rear section. An abandoned underground oil tank beneath the basement floor has been emptied and capped, and should be further investigated by buyer.A major value driver is the Wharton Street frontage, where a three-car-wide curb cut, existing two-bay garage door, and loading dock double man door present the likely opportunity to create three-car indoor parking, a rare and meaningful advantage for future residential or mixed-use planning. The property also includes an open deck over the garage and offers sweeping skyline views, including a direct sightline to Billy Penn.For a buyer with vision, this is a rare chance to acquire a corner asset with strong bones, meaningful square footage, parking potential, and iconic South Broad Street presence.
Details
| MLS # | PAPH2599616 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1923 |
| Days On Site | 201 |
| Listing Provided By | Compass Pennsylvania, LLC | Meghan Houder |
Features
| Bed(s) | 4 |
|---|---|
| SQ Feet | 5,160 |
| Garage | 2 |
| Basement | Y |
| Story(s) | 3 |
| Zoning | RSA5 |
| Acreage | 0.05 |
| Property View | City |
Interior
| Cooling | Central A/C, Window Unit(s) |
|---|---|
| Heating Yes / No | Yes |
| Heating | 90% Forced Air |
Exterior
| Exterior Features | Roof Deck, Sidewalks |
|---|---|
| Security Features | Security System |
| Construction Materials | Masonry |
| Foundation Details | Brick/Mortar |
Parking
| Garage Yes / No | Yes |
|---|
Utilities
| Utilities | Natural Gas Available |
|---|
Taxes
| Tax Annual Amount | 9028 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19146 |
| Area | 19145 (19145) |
| Community Name | POINT BREEZE |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in POINT BREEZE) | |
Price: $895,000 low | high Med: $290,000 sqft: 5,160 low | high Med: 972 $ / sqft: $173 low | high Med: $298 On site: 201 low | high Med: 211 | |
Market Activity 19146
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19146 |
| Area | 19145 (19145) |
| Community Name | POINT BREEZE |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in POINT BREEZE) | |
Price: $895,000 low | high Med: $290,000 sqft: 5,160 low | high Med: 972 $ / sqft: $173 low | high Med: $298 On site: 201 low | high Med: 211 | |
