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709 N Penn Street

PHILADELPHIA, PA 19123
  • $15,500,000
  • STATUS: Active
  • ON SITE: 164 Days
  • ID#: PAPH2105000
$15,500,000
  • 0
    BEDS
  • 2.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Information

High School:

Description

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.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or John Coplen Real Estate Group | Long & Foster Chevy Chase Circle. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-09-25T23:50:22.063.
www.johncoplengroup.com/homes/127701375
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709 N Penn Street PHILADELPHIA, PA 19123

  • Price: $15,500,000
  • Status: Active
  • On Site: 164 Days
  • ID#: PAPH2105000
0
Beds
0
Baths
0
½ Baths
2.13
Acres
Neighborhood:
Northern Liberties
County:
Philadelphia
Area:
19125 (19125)
High School:
Kensington
School District:
The School District Of Philadelphia
Property Description
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.
Exterior Features

Garage YN No Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Property Features

Assessment Year 2021 Association YN No Central Air YN No Construction Completed YN No Current Use Land/Lot Only Municipality Philadelphia Navigable Water YN N Original MLSNumber 801479637780 Ownership Interest Fee Simple Possession Settlement Property Sub Type Land Sale Type Standard Sewer Other Tax Annual Amount 72769.00 Tax Assessment Amount 5198500.00 Tax Lot 9 Vacation Rental YN No Water Source None Zoning Cmx3

Listing courtesy of Keller Williams Philly: .


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or John Coplen Real Estate Group | Long & Foster Chevy Chase Circle. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-09-25T23:50:22.063.
 
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John Coplen Real Estate Group | Long & Foster Chevy Chase Circle
1529-B 14th St NW
Washington DC, 20005