Property

Philadelphia, PA 19123 709-17 N Penn Street

709-17 N Penn Street Philadelphia, PA - Image 1
Presented By: KW Empower
  • MLS# PAPH2182378
  • 11/28/2022
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Home Details

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.
Presented By: KW Empower

Interior Features for 709-17 N Penn Street

Other Interior Features

Street SuffixSTREET

General for 709-17 N Penn Street

Additional Parcels Y/NNo
CityPHILADELPHIA
Clean Green Assessed Y/NNo
CountyPHILADELPHIA
Current UseOther
DirectionsSpring Garden St to N Delaware Ave to N Penn Ave.
FULLFee Simple
HOANo
Lot Size Square Feet0.00
Lot Size UnitsSquare Feet
MLS Area19123 (19123)
ModificationTimestamp2024-11-11T09:05:51
MunicipalityPHILADELPHIA
PossessionSettlement
Property SubtypeLand
Property TypeLand
School DistrictTHE SCHOOL DISTRICT OF PHILADELPHIA
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount65492.0
Tax Assessed Value4678700.0
Tax Lot9
Tax Year2023
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
ZoningCMX3

Exterior for 709-17 N Penn Street

Land Use CodeSC
Lot Dimensions140.00 x 624.00
Lot Size Acres0.00
Lot Size SourceEstimated
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Fabiane Farias

Associate
Price $15,500,000
MLS#PAPH2182378
List Date 11/28/2022
Property Type Land
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