709 N PENN STREET

PHILADELPHIA, PA, 19123

$15,500,000

$15,500,000
Active
Active
 - For Sale
property_type
Land
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.
MLS® ID:
PAPH2105000
Updated:
9/26/22

Exterior/Building Features

Lot Size
2.13 acres lot
Sewer
Other

School Information

School District
THE SCHOOL DISTRICT OF PHILADELPHIA
High School
KENSINGTON

Other Property Details

Area Name
19125 (19125)
Taxes
$72769.00
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
PHILADELPHIA
Water Source
None
Pool
No
Zoning
CMX3
Contact