$15,500,000

709-17 N Penn St, Philadelphia, PA, 19123

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.

Facts & Features

MLS® # PAPH2182378
Price $15,500,000
Bathrooms 0.00
Acres 0.00
Type Land
Sub-Type Land
Status Active

Community Information

Address 709-17 N Penn St
Area 19123
City Philadelphia
County PHILADELPHIA-PA
State PA
Municipality PHILADELPHIA
Zip Code 19123
Senior Community No

Amenities

Is Waterfront No

Interior

Has Basement No
Fireplace No

School Information

District THE SCHOOL DISTRICT OF PHILADELPHIA

Additional Information

Date Listed November 28th, 2022
Days on Market 487
Zoning CMX3
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeKW Empower

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?