For more information on this property,
contact Brett Furman at 610-687-6060 or brett@brettfurman.com
709
N
Penn Street,
Philadelphia,
Pennsylvania
PA
19123-3128
Price: $15,500,000
Listing ID PAPH2179112
Status ACTIVE
Acres 2.130
Property Description:
Amazing development opportunity for resale or a long term hold currently being offered at $15,500,000 OR purchase half the development. Buy and build the (47) unit multi unit side of the development or buy and build the (12) luxury townhome side of the development - Inquire about separate pricing. **Seller would purchase back your first two townhomes to help you with pre-sales. **Seller is open to owner financing. **Seller is willing to get creative in order to make this project as lucrative as possible for the developer or get you into the deal with less cash out of pocket. Build 60 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 $68,000,000. The waterfront site consists of a 47 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.
Primary Features
County:
Philadelphia
Property Sub Type:
Other
Property Type:
Commercial Sale
Zoning:
CMX3
Interior
Building Total SqFt Source:
Estimated
Central Air:
yes
Cooling Type:
Central A/C
Heating:
yes
Heating Type:
Other
External
Construction Completed:
no
Construction Materials:
Masonry
Cooling Fuel:
Electric
Foundation Details:
Other
Heating Fuel:
Other
Hot Water:
Other
Lot Dimensions Source:
Assessor
Lot Size Dimensions:
140.00 x 624.00
Lot Size Source:
Assessor
Lot Size Units:
Square Feet
New Construction:
yes
Sewer Septic:
Public Sewer
Tidal Water:
no
Total Drive In Doors:
1
Total Loading Docks:
1
Type of Parking:
None
Water Access:
no
Water Oriented:
no
Water Source:
Public
Water View:
no
Location
Country:
US
MLS Area:
19123 (19123)
Municipality:
PHILADELPHIA
Waterfront:
no
Additional
Accessibility Features:
None
Business Type:
Other
Days on Market:
73
Land Use Code:
SC
Potential Tenancy:
Multiple
Property Condition:
Excellent
Total Levelers:
1
Year Assessed:
2023
Financial
Automatically Update Tax Values:
yes
Net SqFt:
1
Ownership Interest:
Fee Simple
Possession:
Settlement
Riparian Rights:
no
Sale Type:
Standard
Tax Annual Amount:
65492
Tax Assessed Value:
4678700
Tax Data Updated:
no
Tax Lot:
9
Tax Year:
2023
Vacation Rental:
no
Zoning Info
Contact - Listing ID PAPH2179112
Brett Furman
528 East Lancaster Avenue
St. Davids, PA 19087
Phone: 610-687-6060
Phone Alt: 610-687-6060
Data services provided by IDX Broker
