This is a fully-entitled boutique multifamily development site in the Kensington QOZ (Opportunity Zone) with no affordable requirement (pure market rate housing). Plans and permits are on hand to build 5 stories along the bustling Second Street corridor to create a commanding neighborhood presence. ±18,000 SF proposed multi-family with 15 residential units (700-800 avg/SF per unit) + 1 commercial space with ±1800 SF. UNITS: Ideal and efficient unit mixture and building composition. 8 Units: (2) bed (2) bath; 4 Units: (2) bed (1.5) bath; 3 Units: (1) bed (1) bath; 1-2 Units: Commercial Space(s). ENTITLEMENTS: The site is fully approved and can be delivered fully entitled (enquire for additional permitting costs). The Building will feature shared rooftop access via elevator which provides residents with unobstructed skyline views. Designed by reputable local architectural practice KCA. This is prime real estate in a thriving submarket in a major US MSA. Walkable to Philly’s best restaurants, cafes and bars in Fishtown along the Front Street and Frankford Avenue commercial corridors. 8-minute walk to York-Dauphin Septa train station on the Market-Frankford El (transit-oriented). Located on 2nd Street, just up the road from the heart of Northern Liberties. Enquire within for pro forma, plans, permits (PPP).
Property Type :
Land
Subdivision :
Kensington
County :
PHILADELPHIA
Style :
Land
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ByOwner last updated this listing 05/17/2024 @ 13:44
MLS: PAPH2209706
LISTED BY: Ryan J McManus , Compass Pennsylvania, LLC
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
