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Map
$15,500,000
●
Commercial -
For Sale
709-17 N PENN ST
PHILADELPHIA, PA 19123
Studio
0 Bath
$76,108
Estimated Monthly
$0
HOA / Fees
About This Property
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.
Unit Size
-
Days on Market
533 days
Land Size
2.13 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$5,458
HOA Dues
-
Year Built
-
Listed By
Last updated: 3 months ago (Bright MLS #PAPH2179112)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Nov 14, 2022 | Listed by KW Empower | $15,500,000 | |
Listed by KW Empower |
Property Highlights
Air Conditioning
Parking Details
Parking Features: None
Exterior Details
Property Information
Ownership Interest: Fee Simple
Property Condition: Excellent
Building Information
Construction Not Completed
Foundation Details: Other
Construction Materials: Masonry
Lot Information
Tidal Water: N
Lot Size Dimensions: 140.00 x 624.00
Lot Size Source: Assessor
Land Information
Land Assessed Value: $4,678,700
Financial Details
City Town Tax: $29,555
City Town Tax Payment Frequency: Annually
Tax Assessed Value: $4,678,700
Tax Year: 2023
Tax Annual Amount: $65,492
Year Assessed: 2023
Utilities Details
Central Air
Cooling Type: Central A/C
Heating Type: Other
Cooling Fuel: Electric
Heating Fuel: Other
Hot Water: Other
Sewer Septic: Public Sewer
Water Source: Public
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
08/25/2018
|
|
3 Bed
|
4 Bath
|
3252 ft²
|
-
3 Bed
4 Bath
3252 ft²
|
-
-
|
-
|
-
|
Building Info
709-17 North Penn Street
709-17 North Penn Street, Philadelphia, PA 19123
- 2 Units for Sale