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709 N PENN STREET

Philadelphia, Pennsylvania, 19123, United States

Property ID: #1288989 // Commercial // Source Status: Active Under Contract
709 N PENN STREET
Image thumbnail
Image thumbnail
Traditional Sale
List Price:
$15,500,000.00
Icon - ft²
Icon 2.13 acres
Icon - beds
Icon - baths
Address:
709 N PENN STREET
City:
Philadelphia
State:
Pennsylvania
Zip Code:
19123
County:
PHILADELPHIA
Country:
United States
Property Type:
Commercial
Additional Property Types:
Other
Lot Size:
2.13 acres
Data Source:
BrightMLS
MLS/Reference Number(s):
PAPH2179112
Source Status:
Active Under Contract
Source Property Type:
Commercial, Other

Property Provided By

  • Jim Onesti
  • KW Empower
  • +1 (484) 429-6769

Connect with local buyer agents who are willing to offer commission savings!

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Property Information

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.

Directions

Spring Garden St to N Delaware Ave to N Penn Ave.

Source Disclaimer

BrightMLS

Listing Information © 2024 BrightMLS. All Rights Reserved.
Courtesy of Jim Onesti, KW Empower jonesti@mccannteam.com
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available.
This content last updated on 2024-10-08 05:02:11.

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