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918 N. Broad Street, Philadelphia, Pa

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918 N. Broad Street, Philadelphia, Pa N. Broad Street W. Girard Avenue 918 N. Broad Poplar Street Metropolitan Opera House 918 N. BROAD STREET, PHILADELPHIA, PA RARE SPECIAL USE ZONING ALLOWING UP TO 120 BEDS FOR GROUP HOUSING 18,432 SF Building for Sale or Lease in the Bustling North Broad Street Corridor 918 N. Broad Street Page | 1 TABLE OF CONTENTS 01 Executive Summary 02 Area Overview 03 Transit Options 04 Zoning 05 Building Information 05 Floor Plans 07 Site Plan 918 N. Broad Street Page | 2 EXECUTIVE SUMMARY Avison Young is pleased to offer 918 N. Broad Street in Philadelphia for sale or lease. The offering comprises a 18,432 SF three-story building with a Philadelphia Rooming House License approved for 120 beds allowing for transitional housing alternatives. The property is zoned CMX-4 and is located within the Federal Qualified Opportunity Zone VIEW 3D VIRTUAL TOUR HERE allowing both the tenant and owner tax advantages. 6/25/2019INVESTMENT HIGHLIGHTS 918 N Broad St - Google Maps • 18,432 SF building on a 6,146 SF parcel with Philadelphia Rooming House License • Irreplaceable location along918 NorthN Broad Broad St Street - Philadelphia’s most active growth corridor • Flexible CMX-4 Zoning 0:20/2:00 • Open floorplan with elevator service W. Girard Avenue SEPTA Broad Street Line Cambridge Street SEPTA Trolley Route 15 Poplar Street Street Street th th N. 16 N. 15 N. Carlisle Street N. Broad Street 918 N. Broad Street Page | 1 Imagery ©2019 Google, Map data ©2019 Google 100 ft https://www.google.com/maps/place/918+N+Broad+St,+Philadelphia,+PA+19130/@39.9711578,-75.1600677,349m/data=!3m1!1e3!4m5!3m4!1s0x89c6c7d9868ef2a3:0x799d333ed783bb22!8m2!3d39.… 1/2 Untitled map AREA OVERVIEW The North Broad Street corridor continues to experience transformational growth and revitalization. Commercial, Ridge Avenue residential, and institutional development along the corridor has accelerated in the past year, as regional businesses and TEMPLE UNIVERSITY institutions have both seized opportunities to adapt historic Cecil B. Moore Avenue properties to modern uses and identified spaces for new SEPTA Broad Street Line development. The redevelopment of the Met Philadelphia, CHICK-FIL-A the Philadelphia Inquirer Building, and Beury Building provide examples of innovative repurposing, while 1300 Fairmount Avenue and The Nest at 1324 North Broad represent the THE FRESH GROCER emergence of new development. Multiple projects are COLUMBIA NORTH YMCA proposed, a number of projects are under construction, and N. College Avenue several projects are recently completed. ST. JOE’S PREP North Broad is well positioned for revitalization that benefits TEMPLE ATHLETICS FIELDS McDONALD’S current and future residents. The corridor’s positive attributes FORMER ST. JOE’S HOSPITAL NOW 88 APARTMENT UNITS CVS McDONALD’S Trolley Route 15 include an active housing market, growing demand for 918 N. BROAD STREET entertainment and commercial tenants, and a robust METROPOLITAN OPERA HOUSE transportation network. Fairmount Avenue DIVINE LORRAINE APARTMENTS JIMMY G’S STEAKS SANTUCCI’S WHY NORTH BROAD STREET? The North Broad Street corridor is experiencing dynamic growth and development. With Eds and Meds driving economic development, the corridor is increasingly becoming a home to small businesses, technology, arts and culture, and healthcare institutions ready to complement the commerce, culture and communities that exist on this growing and dynamic corridor. The introduction of new commercial, retail, entertainment, recreational, and residential space results in both expanded housing options and access to a growing myriad of stores, employers, entertainment, and recreation. Perhaps more important, the redevelopment of previously vacant and decaying buildings and parcels being experienced throughout the corridor positively affect quality of life and property value, while conserving resources and preserving the history and diversity that differentiates North Broad Street. 918 N. Broad Street Page | 2 TRANSIT OPTIONS Residents, commuters, and visitors benefit from a variety of public transportation options along the North Broad Street corridor. There are eight SEPTA subway stations located in the North area including: Race-Vine, Spring Garden, Fairmount, Girard, Cecil B. Moore, Susquehanna-Dauphin, North Philadelphia, Alleghany, and Erie. The SEPTA Broad Street Subway Line has the second highest daily average ridership in 2018 at 112,000 passengers and offers 24 hour weekend service to its customers. In addition to subway service, SEPTA offers expansive bus service, enabling residents and patrons of the North Broad Street to travel throughout the city. RIDGE AVENUE W. GIRARD AVENUE BROAD STREET LINE STREET BROAD ROUTE 15 TROLLEY 95 76 SPRING GARDEN STREET 676 ARCH STREET MARKET STREET MARKET-FRANKFORD LINE CHESTNUT STREET 918 N. Broad Street Page | 3 ZONING: CMX-4 Description: Center City commercial mixed use Uses permitted as of right: Household Living; Group Living; Recreation; Day Care; Educational Facilities; and other associated uses. Summary: Developers looking to maximize buildable area on the property can achieve 700% of FAR with green building standards. This equates to nearly 43,000 SF of development. USES PERMITTED BY RIGHT NOTABLE ZONING STANDARDS CMX-4 zoning allows for a myriad of uses as of right, including a Buildings ≤ 5 stories with 1 or more dwelling units Max. Occupied Area multitude of forms of multifamily, hospitality, office, medical, retail, 90%; Others 100% entertainment, education, and storage. If used: Buildings ≤ 4 stories with three or fewer Min. Front Yard Depth dwelling units = 5 ft.; Others = 8 ft. Multifamily Hospitality Office Medical Max. FAR 500%; up to an additional 700% with bonuses Retail Education Entertainment Storage *FAR = 500%; Side: 8’ max ; up to 700% with bonuses 5’ if <4 stories or <3 dwelling units Max occupied area: 100% 90% if <5 stories or 1+ dwelling unit 918 N. Broad Street Page | 4 BUILDING INFORMATION CONSTRUCTION DETAILS Address 918 N. Broad Street, Philadelphia OPA Number 881439500 Building SF 18,432 Elevator Otis three-stop hydraulic passenger elevator with 2,000 pound capacity limit. Fire/Life Safety Hardwired smoke/heat detectors Electrical Three-phase, 100 & 200 amp Cooling is provided by electric roof-mounted HVAC condensing units and three 5-ton electric roof-mounted HVAC condensing units. The condensing units utilize three air handlers in the 3rd floor mechanical room. Heating is provided by a 1 HVAC million BTU heating boiler located in the partial basement that is supplied by two 270-gallon above ground storage tanks. The boiler supplies forced water to a closed loop heat exchange system located in the 3rd floor mechanical room. Hot water is provided by two natural gas-fired A.O. Smith high efficiency hot Plumbing water heaters that were replaced in 2014. FLOOR PLANS GROUND FLOOR 918 N. Broad Street Page | 5 FLOOR PLANS SECOND FLOOR THIRD FLOOR 918 N. Broad Street Page | 6 SITE PLAN 918 N. Broad Street Page | 7 For more information please contact: Adam Gillespie, Principal D 610.276.3153 C 215.384.6040 [email protected] Ben Elderkin, Vice President D 610.276.3143 C 610.420.3886 [email protected] 918 N. Broad Street Page | 8.
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