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417-421 S Broad St 0.21 Acres of Commercial Land in Philadelphia, PA 19147
Investment Highlights
- Located on the Avenue of the Arts in Center City Philadelphia with dual frontage on Broad and Watts Streets.
- Excellent access to public transit and major roadways, including Broad Street Line and I-76.
- Income-producing through a short-term parking lease during pre-development phase.
- Zoned CMX-4, supporting high-density mixed-use development.
- Surrounded by cultural landmarks, theaters, and a robust dining and retail environment.
- Positioned in a high-demand corridor with strong residential and commercial growth trends.
Executive Summary
The property is zoned CMX-4, allowing for a wide range of mixed-use development possibilities, including residential, commercial, and hospitality projects. Currently operating as an income-producing parking lot, the site provides short-term revenue while offering long-term redevelopment potential. Its location within Philadelphia’s Central Business
District ensures strong demand drivers, supported by excellent transit connectivity and walkability.
Surrounded by major attractions such as the Kimmel Cultural Campus, Suzanne Roberts Theatre, and numerous dining establishments, this property is ideally suited for developers seeking to capitalize on the city’s continued growth and cultural vibrancy. With unlimited development potential and a premier address on one of Philadelphia’s most iconic streets, this site represents a rare investment opportunity in a dynamic urban market.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | Commercial |
| Property Type | Land | Total Lot Size | 0.21 AC |
| Zoning | CMX4 - zoning allows for a mix of commercial, residential, and institutional uses, supporting vibrant, multi-functional areas. | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.21 AC |
| Zoning | CMX4 - zoning allows for a mix of commercial, residential, and institutional uses, supporting vibrant, multi-functional areas. |
1 Lot Available
Lot
| Lot Size | 0.21 AC |
| Lot Size | 0.21 AC |
The property consists of multiple parcels totaling approximately 0.21 acres, located at 417-19 and 421 South Broad Street and 404-14 South Watts Street in Philadelphia, Pennsylvania. It is currently used as a commercial parking lot and is zoned CMX-4
Description
The property consists of multiple parcels totaling approximately 0.21 acres, located at 417-19 and 421 South Broad Street and 404-14 South Watts Street in Philadelphia, Pennsylvania. It is currently used as a commercial parking lot and is zoned CMX-4. The site is situated near the intersection of Broad and Lombard Streets within the Avenue of the Arts corridor in Center City. The surrounding area includes cultural institutions, theaters, restaurants, and residential developments. The property has frontage on both Broad Street and Watts Street and is accessible to public transportation, including the Broad Street Line.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $3,346,699 CAD | Total Assessment | $3,346,699 CAD |
Property Taxes
Presented by
417-421 S Broad St
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