1412 S Broad St, Philadelphia, PA 19146

Property Description

Recently reduced to $1,150,000, 1412 S Broad Street presents a unique owner-user and value-add opportunity along one of South Philadelphia’s most prominent commercial corridors. The approximately 7,916 SF two-story building is situated on a 5,696 SF CMX-2 lot with frontage on South Broad Street and additional access to Carlisle Street, providing valuable street-to-street connectivity. Originally opened in 1914 as the Southern Theatre, the property retains distinctive historic character while offering a functional commercial layout. The building was renovated by the current ownership in 2012, including custom wide-plank hardwood flooring and updated second-floor windows. The property features 14-foot ceilings, two rear off-street parking spaces, prominent Broad Street visibility, and direct access from Broad Street to Carlisle Street. The CMX-2 zoning provides flexibility for a variety of commercial and mixed-use applications, subject to applicable zoning and permitting requirements. The property is well suited for an owner-user, creative office, showroom, medical or wellness use, commercial studio, or other compatible business operation. The two-story configuration also creates the potential for an owner to occupy one portion of the building while leasing additional space, subject to the applicable layout and approvals. Located just two blocks from the Ellsworth-Federal SEPTA Broad Street Line station, the property benefits from strong visibility and accessibility within a dense South Philadelphia neighborhood. Major nearby retail and residential developments, including Target, Sprouts, PetSmart, Starbucks, Giant, Lincoln Square, The Armory, and the One Thousand One development, contribute to the area's established and growing commercial environment. At approximately $145/SF, the new pricing provides an attractive basis for an owner-user or investor seeking a distinctive commercial property with flexible utility, strong South Broad Street exposure, and long-term repositioning potential.