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1909 S Broad St 3,328 SF 100% Leased Office Building Philadelphia, PA 19148 $1,035,900 CAD ($311.27 CAD/SF) 6.07% Cap Rate
Executive Summary
Situated along the South Broad Street corridor, 1909 S Broad St offers the opportunity to acquire a mixed-use asset in a highly visible, transit-oriented location in South Philadelphia, generating $65,760 in annual rental income.
The property consists of three residential units above a street-level commercial space, providing a balanced mix of residential income and long-term commercial stability. The commercial unit is leased through February 2031 and is currently undergoing renovations as the tenant completes their buildout ahead of a new 5-year lease, ensuring durable in-place cash flow. The residential units benefit from strong tenant demand driven by the surrounding neighborhood and proximity to transit.
Located just two blocks from the Broad Street Line, the property offers convenient access to Center City, Passyunk Square, and major employment hubs. The immediate area is anchored by well-established dining destinations including Barcelona Wine Bar, Hardena, Stogie Joe’s, and Le Virtù, further enhancing appeal for both residents and retail users.
With continued investment along the Broad Street corridor supporting long-term demand and appreciation, 1909 S Broad St presents a compelling opportunity to acquire a stable, income-producing mixed-use asset in one of South Philadelphia’s most active corridors.
The property consists of three residential units above a street-level commercial space, providing a balanced mix of residential income and long-term commercial stability. The commercial unit is leased through February 2031 and is currently undergoing renovations as the tenant completes their buildout ahead of a new 5-year lease, ensuring durable in-place cash flow. The residential units benefit from strong tenant demand driven by the surrounding neighborhood and proximity to transit.
Located just two blocks from the Broad Street Line, the property offers convenient access to Center City, Passyunk Square, and major employment hubs. The immediate area is anchored by well-established dining destinations including Barcelona Wine Bar, Hardena, Stogie Joe’s, and Le Virtù, further enhancing appeal for both residents and retail users.
With continued investment along the Broad Street corridor supporting long-term demand and appreciation, 1909 S Broad St presents a compelling opportunity to acquire a stable, income-producing mixed-use asset in one of South Philadelphia’s most active corridors.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
3,328 SF
Building Class
C
Year Built/Renovated
1925/2010
Price
$1,035,900 CAD
Price Per SF
$311.27 CAD
Cap Rate
6.07%
NOI
$62,929 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,261 SF
Building FAR
1.91
Lot Size
0.04 AC
Zoning
CMX-2
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 871184250 | Total Assessment | $820,356 CAD |
| Land Assessment | $164,071 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $656,284 CAD | Tax Year | 2026 |
Property Taxes
Parcel Number
871184250
Land Assessment
$164,071 CAD
Improvements Assessment
$656,284 CAD
Total Assessment
$820,356 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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1909 S Broad St
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