1248 S Broad St, Philadelphia, PA 19146
Local realty services provided by:ERA Martin Associates
1248 S Broad St,Philadelphia, PA 19146
$895,000
- 4 Beds
- - Baths
- 5,160 sq. ft.
- Townhouse
- Active
Listed by: meghan houder, patricia elizabeth nunez-strid
Office: compass pennsylvania, llc.
MLS#:PAPH2599616
Source:BRIGHTMLS
Price summary
- Price:$895,000
- Price per sq. ft.:$173.45
About this home
Exceptional South Broad Street opportunity on a prominent corner lot with strong visibility, scale, and multiple potential paths for repositioning. Located along one of Philadelphia’s most recognizable corridors, this property offers investors and developers the chance to transform a highly visible asset in a sought-after urban location.
The ground floor is currently operating as a funeral home and will be decommissioned by the seller in preparation for sale, offering a more straightforward transition for the next owner. The finished basement provides additional functional square footage with high ceilings and plumbed bathrooms. The upper two floors are currently configured as a single residential unit and are leased month to month, with the tenant preparing to vacate in the near future, creating added flexibility for redevelopment or reconfiguration.
The property is served by central air conditioning on the first floor and basement level with window units in the second and third floors. Mechanical systems include an above-ground oil tank fueling an oil furnace for the upper floors and a newer gas-fired furnace servicing the basement and first floor. A newer roof, installed within the last five years, covers approximately three quarters of the structure, excluding the rear section. An abandoned underground oil tank beneath the basement floor has been emptied and capped, and should be further investigated by buyer.
A major value driver is the Wharton Street frontage, where a three-car-wide curb cut, existing two-bay garage door, and loading dock double man door present the likely opportunity to create three-car indoor parking, a rare and meaningful advantage for future residential or mixed-use planning. The property also includes an open deck over the garage and offers sweeping skyline views, including a direct sightline to Billy Penn.
For a buyer with vision, this is a rare chance to acquire a corner asset with strong bones, meaningful square footage, parking potential, and iconic South Broad Street presence....
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Home facts
- Year built:1923
- Subdivision & Development:POINT BREEZE
- Listing ID #:PAPH2599616
- Added:183 day(s) ago
- Updated:October 07, 2026 at 01:59 PM
Rooms and interior
- Bedrooms:4
- Basement:Yes
- Basement Description:Connecting Stairway, Fully Finished, Heated, Rough Bath Plumb, Space For Rooms
- Living area:5,160 sq. ft.
Heating and cooling
- Cooling:Central A/C, Window Unit(s)
- Heating:90% Forced Air, Natural Gas, Oil
Structure and exterior
- Year built:1923
- Building area:5,160 sq. ft.
- Lot area:0.05 Acres
- Lot Features:Corner Lot/Unit
- Construction Materials:Masonry
- Exterior Features:Roof, Sidewalks
- Foundation Description:Brick/Mortar
- Levels:3 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$895,000
- Price per sq. ft.:$173.45
- Tax amount:$9,028 (2025)
Features and amenities
- Laundry features:Has Laundry
- Amenities:Natural Gas Available, Security System
Parking
- Parking description:Attached Garage, Garage - Side Entry, Inside Access, Off Street
- Garage:Yes
- Garage spaces:2
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