Two blocks equaling about 120,300 square feet of mostly retail space on North Broad Street are currently up for sale, writes Paul Schwedelson for the Philadelphia Business Journal. 

Brad Nathanson, a broker with Institutional Property Advisors, who is representing the seller, is calling the space a “generational opportunity.”

“The rarity of the offering is the ability of control of these entire city blocks,” Nathanson said. 

The two blocks — located near La Salle University and Jefferson Einstein Hospital — are primarily made up of one-story retail storefronts. However, there’s also 16,800 square feet of vacant space in a basement of one of the buildings, 6,000 square feet of office space on a second floor, and a 75-car surface parking lot.

Nathanson said that it took the current owner more than a half-century and three generations to assemble the property. The current owner also spent more than $2 million in the past three years to beautify the site and improve facades.

The retail space along the two blocks are 100% lease with tenants including Dollar Tree, Dunkin’, DTLR, and Bank of America.

“For the existing retail investors that own, there’s an opportunity to upgrade tenancy over time,” Nathanson said.

Read more about the two North Broad Street blocks up for sale at the Philadelphia Business Journal. 

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