Must be sold as a package for a total sales price of $775,000

Shovel ready! 1122 and 1124-28 Dickinson Street. Please see executive summary and approved zoning details in the attachments.

4 total addresses. Rare development opportunity in Passyunk Square.

-1122 Dickinson: 629 sq ft lot (variances granted for 100% lot coverage), to build a single-family

home (4 bed, 3.5 bath) of 2400 gross sq ft

-1124-28 Dickinson: 2829 sq ft lot (Parcel A and Parcel B), zoning approved for a 3 unit MFR (total

7 bedrooms, 6 bath) with 2 car parking. A single-family residence with parking is available by-

right.

Development Scenarios – shovel ready:

-1122 Dickinson, zoning variances granted for new construction of single-family home (2414 sq

ft, 3 story, street parking)

-1124-28 Dickinson

o Scenario 1 – 4300 NSF, 3 unit MFR: Zoning variances granted for new construction 3 unit

multifamily building with 2 car parking garage:

--Unit 1: 1660 NSF, 3 bedroom, 2 bath, large rear yard

--Unit 2: 1300 NSF, 2 bedroom, 2 bath, balcony

--Unit 3: 1340 NSF, 2 bedroom, 2 bath, roof deck & pilot house

+ 2 parking spaces on independent lift

o Scenario 2 - SFR: By-right single family residence with parking and large rear yard.

Without basement (on-grade), can range in size from 3000 sq ft to 5000 sq ft

o Scenario 3 – 2 SFR building. Additional by-right scenarios of 2 unit buildings (for

exampke, a large SFR + additional apartment) within granted zoning variance

Key points:

Prime location in Passyunk Square:

-1 minute walk to Passyunk Ave ACME and Passyunk Square

-2 car parking

Limited underpinning required

o 1122 Dickinson: approximately 25 ft of underpinning

o 1124-28 Dickinson: SFR on grade (no underpinning); or MFR with  20 ft of underpinning

required

Large rear yard