Thank you
Jim Onesti
KW Empower
215-627-3500
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.
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Water Source : Public
Sewer: Public Sewer
Lot Size: 0
Dimensions: 140.00 x 624.00
Lot Size (Acres): 0.00
Main Square Feet: 0
Total Lot SQ ft: 0
Appx. Lot Dimensions: 140.00 x 624.00
Total Acreage: 0.00
Possession: Settlement
Days Of Market: 513
Annual Tax: $65,492
Tax Year: 2023
Total Taxes Payment Frequency: Annually
Settlement
Taxes Assessment Amount: $4,678,700
Direction: Spring Garden St to N Delaware Ave to N Penn Ave.
School District: THE SCHOOL DISTRICT OF PHILADELPHIA
Water Source: Public
Sewer: Public Sewer
Direction: Spring Garden St to N Delaware Ave to N Penn Ave.
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
441 W Girard Avenue , Philadelphia, PA,19123 | $519,999 | -- | -- | -- | 1390 Sqft |
225 Green Street , Philadelphia, PA,19123 | $999,000 | -- | -- | -- | 1317 Sqft |
1136 N 4th Street , Philadelphia, PA,19123 | $699,000 | -- | -- | -- | 1140 Sqft |
1138 N 4th Street , Philadelphia, PA,19123 | $739,000 | -- | -- | -- | 1100 Sqft |
600 Fairmount Avenue #A2, Philadelphia, PA,19123 | $1,300,000 | 4 | 5.5 | -- | 1 Acre |
600 Fairmount Avenue #.., Philadelphia, PA,19123 | $514,900 | 2 | 2.5 | -- | -- |
1121 N Hancock Street , Philadelphia, PA,19123 | $419,900 | 3 | 1.5 | 1,302 | 1440 Sqft |
113 Olive Street , Philadelphia, PA,19123 | $825,000 | 3 | 3.5 | 2,496 | -- |
444 N 4th Street #705, Philadelphia, PA,19123 | $385,000 | 1 | 1.0 | 1,031 | -- |
831 N 2nd Street , Philadelphia, PA,19123 | $2,200,000 | -- | -- | -- | 3092 Sqft |
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ByOwner last updated this listing 04/27/2024 @ 14:26
MLS: PAPH2182378
LISTED BY: Jim Onesti , KW Empower
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2.5%
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.