the Delaware and Lehigh Valleys of Pennsylvania and Surrounding Areas

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709 N Penn Street
Philadelphia, PA 19123
MLS# PAPH2105000 ID: 75469055
$15,500,000
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Property Description
Vacant land - PHILADELPHIA, PA Amazing development opportunity for resale or a long term hold. Build 61 units on the water, in Center City, by right - all within zoning code! High density, these numbers just make sense with a projected resale value of $65,000,000. The waterfront site consists of a 48 unit building, 12 luxury townhomes, as well as a separate one-story commercial space plus 35 additional parking spaces in addition to the two car garage townhomes. Can build 84 ft (7 stories is the plan). Approval submitted the first week in April 2022 - referral for CDR + REO approved. Zoning Permits 3-4 Months - Prelim StormWater Approvals obtained. Geotech report, phase 1 and phase 2 environmental test available for review. Billions of dollars of development on the waterfront surrounding this project.
Property Features
Status
Days On Market 116 days
Last Updated August 4, 2022
Market Status Available
Description
Property Type Land
Approx. Lot Size 2.13 Acres
Legal/Financial
Taxes 72769
Listing Features
Property Type Lots And Land;
Other Features
KENSINGTON,THE SCHOOL DISTRICT OF PHILADELPHIA
THE SCHOOL DISTRICT OF PHILADELPHIA,KENSINGTON
Offered By:
Jim Onesti
Keller Williams Philly

Data Provided by Bright MLS

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