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Executive Summary

MPN Realty Inc is proud to present the sale of the ground lease at the Studebaker Building, a 58,900 square foot commercial building on the rapidly redeveloping North Broad Street Corridor in Philadelphia. This unique property has generous zoning and distinctive character. Currently 65% leased by strong credit tenants, the remaining vacant space is currently listed for lease or could be utilized by a new owner-operator.

Financial Summary (Actual - 2025) 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 (Actual - 2025) 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 or Owner User
Sale Condition
Ground Lease (Leasehold)
Property Type
Office
Building Size
58,900 SF
Building Class
B
Year Built/Renovated
1900/2017
NOI
$32,613 CAD
Percent Leased
65%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
19,633 SF
Building FAR
2.38
Lot Size
0.57 AC
Opportunity Zone
Yes
Zoning
CMX-4 - Zoning is for high-density commercial areas It allows for high-rise buildings & mixed use developments, including retail, offices, and residential

Amenities

  • Bus Line
  • Commuter Rail
  • Metro/Subway

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • 1st Floor
  • 8,888 SF
  • Retail
  • Partial Build-Out
  • Now

The North Broad Street Commercial Corridor has had an exciting rebirth over the last 15 years, with a huge surge of new developments and adaptive reuse projects. Its excellent access to transit and walkability to several neighborhoods makes it a great place to live and work.

  • 2nd Floor
  • 11,411 SF
  • Office
  • Partial Build-Out
  • Now
Space Size Space Use Build-Out Available
1st Floor 8,888 SF Retail Partial Build-Out Now
2nd Floor 11,411 SF Office Partial Build-Out Now

1st Floor

Size
8,888 SF
Space Use
Retail
Build-Out
Partial Build-Out
Available
Now

2nd Floor

Size
11,411 SF
Space Use
Office
Build-Out
Partial Build-Out
Available
Now

1st Floor

Size 8,888 SF
Space Use Retail
Build-Out Partial Build-Out
Available Now

The North Broad Street Commercial Corridor has had an exciting rebirth over the last 15 years, with a huge surge of new developments and adaptive reuse projects. Its excellent access to transit and walkability to several neighborhoods makes it a great place to live and work.

Exceptionally walkable
100/100
Moderately drivable
70/100
Exceptional public transit
100/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Number
882938263
Land Assessment
$779,819 CAD (2026)
Improvements Assessment
$3,119,276 CAD (2026)
Total Assessment
$3,899,095 CAD (2026)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
  • Listing ID: 41411945

  • Date on Market: 2026-07-23

  • Last Updated:

  • Address: 667 N Broad St, Philadelphia, PA 19123

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