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Map
$16,218,878*
●
Land -
Off Market
709 N PENN STREET
PHILADELPHIA, PA 19106
Studio
0 Bath
$13,950,000 - $17,050,000
Reference Base Price*
4.64%
Since Nov 1, 2022
National-US
Primary Model
Transfer
Buyer
About This Property
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.
Unit Size
-
Days on Market
-
Land Size
2.13 acres
Price per sqft
-
Property Type
Land
Property Taxes
$6,064
HOA Dues
-
Year Built
-
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 11, 2024 | Relisted | $15,500,000 | |
| Relisted | |||
| Jan 10, 2024 | No longer available | - | |
| No longer available | |||
| Nov 14, 2022 | Listed | $15,500,000 | |
| Listed | |||
|
|||
|
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…
|
|||
| Oct 3, 2022 | No longer available | - | |
| No longer available | |||
| Apr 15, 2022 | No longer available | - | |
| No longer available | |||
Show More
Property Highlights
709 N PENN STREET
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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
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