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Philly CRE Advisors proudly presents 1602 S Broad St, a recently rehabbed (2022) mixed-use/multifamily property, exceptionally well-positioned along the Broad Street corridor in South Philadelphia's Newbold neighborhood. This location places the property at the crossroads of several of Philadelphia's most sought-after residential and commercial districts, making it highly attractive to owner-occupant business owners and investors alike. The property benefits from immediate proximity to some of the city's hottest neighborhoods, including Graduate Hospital, East Passyunk, Point Breeze, Rittenhouse Square, and Center City, all of which continue to experience strong residential demand, commercial growth, and long-term appreciation. Its placement along Broad Street provides direct north/south connectivity, exceptional visibility, and consistent foot and vehicle traffic, an ideal environment for a business owner seeking exposure while maintaining easy access to the city's core. Adding to its strategic advantage, the Broad Street Line subway entrance is located directly in front of the property, offering unmatched transit access to Center City, University City, and beyond. Combined with its recent renovation, stabilized residential income, and proximity to major employment hubs, dining corridors, and retail destinations, 1602 S Broad St is uniquely positioned as a low-maintenance, transit-oriented asset with enduring appeal for both owner users and investors.

Source: BRIGHT MLS, MLS#: PAPH2580650

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  • Property Type
    Commercial Sale
  • Lot
    0.04 acres

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 1602 S BROAD STREET


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/25/2026Source: BRIGHT MLS Price Reduction
$899,000 -2.8%
6/17/2026Source: BRIGHT MLS Price Reduction
$925,000 -2.6%
5/4/2026Source: BRIGHT MLS Price Reduction
$950,000 -4.5%
4/2/2026Source: BRIGHT MLS Price Reduction
$995,000 -9.5%
2/4/2026Source: BRIGHT MLS Added to Database
February 04, 2026
12/3/2024Source: BRIGHT MLS Added to Database
August 10, 2021
Listing provided courtesy of BHHS Fox & Roach-Center City Walnut- MLS# PAPH2580650MLS ProviderContact Information: 2156276005