1700 Race Street, Philadelphia, Pennsylvania 19103
Listing IDPAPH2081912
Price$12,500,000
StatusACTIVE
Acres
0.140
CountyPhiladelphia
Property TypeLand
1700 RACE: Trophy development site in Center City Philadelphia overlooking the Benjamin Franklin Parkway (Museum Mile), Cathedral Basilica, Logan Square Park and Comcast global HQ. Over 1M SF in real estate is actively being constructed immediately adjacent to the subject site, next door at Cathedral Square, including world-class offices, apartments, retail. This is the most coveted corner high-rise development parcel in The City of Philadelphia, with a prestigious address and location that cannot be replicated. Previous zoning was approved for a 28-unit 16-storey luxury condo building with underground parking, ground floor retail and garden, 2nd floor wellness center and fitness studio with terrace, panoramic rooftop skyline garden, and 2 penthouses. The 2bd x 2.5ba homes each contain private balconies with an average unit size of 1650 SF. The total proposed building is about 90,000 SF. An alternative plan with a more dense, 56-unit luxury rental apartment building contains a mixture of 1bd (630 SF) and 2bd (920 SF) apartments throughout 83,000 SF in a 16-storey structure. An office building, life sciences building, or hotel could also be constructed by-right / with bonuses according to the CMX4 zoning code. Enquire within for conceptual plans designed by a prominent architectural firm.
County
Philadelphia
Price/SqFt
2081.25
Property Type
Land
Subdivision
CENTER CITY
Zoning
CMX4
Farm Land Preservation
no
Lot Dimensions Source
Estimated
Lot Features
Corner
Lot Size Dimensions
77.00 x 90.00
Lot Size Source
Estimated
Lot Size Units
Square Feet
Sewer Septic
Public Sewer
Tidal Water
no
Water Access
no
Water Oriented
no
Water Source
Public
Water View
no
Country
US
HOA
N
Location Type
Downtown
MLS Area
19103 (19103)
Municipality
PHILADELPHIA
School District Name
THE SCHOOL DISTRICT OF PHILADELPHIA
School District Source
Listing Agent
View Type
City
Waterfront
no
Current Use
Apartments, Commercial
Days on Market
87
Historic
no
Land Use Code
DD0
Property Sub Type
Land
Year Assessed
2021
Automatically Update Tax Values
no
Ownership Interest
Fee Simple
Possession
Settlement
Riparian Rights
no
Sale Type
Standard
Tax Annual Amount
46027
Tax Assessed Value
3288100
Tax Lot
215
Tax Year
2021
Vacation Rental
no
Contact - Listing ID PAPH2081912
Brett Furman
528 East Lancaster Avenue
St. Davids, PA 19087
Phone: 610-687-6060
Phone Alt: 610-687-6060
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