Property

Philadelphia, PA 19131 5117 Warren Street

5117 Warren Street Philadelphia, PA - Image 15117 Warren Street Philadelphia, PA - Image 25117 Warren Street Philadelphia, PA - Image 3
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Presented By: Real Broker, LLC
  • MLS# PAPH2521528
  • 07/28/2025
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  • SQFT • 21,720

Home Details

51175127 Warren Street 6-Lot Development Package | Up to 24 Units Rare opportunity to acquire six consecutive, RM-1 zoned lots in a surging area of West Philadelphiashovel-ready and fully cleared. Located just one block off the bustling Lancaster Avenue commercial corridor, this stretch of Warren Street is surrounded by new construction, strong rental demand, and major development momentum. This site comes with professional site planning and preliminary architectural renderings that support a 24-unit multifamily building. The proposed mix includes studios, 2-bedroom, and 3-bedroom unitsperfectly suited for the neighborhoods growing demand for workforce housing and student housing. Positioned within a Qualified Opportunity Zone (QOZ) and eligible for accelerated depreciation, this is an ideal project for long-term investors looking to build equity and generate significant tax benefits. (Buyers should consult their tax professional.) Highlights: 6 contiguous lots (51175127 Warren St) zoned RM-1 Preliminary site plan and renderings available for a 24-unit apartment building Fully cleared and shovel-ready In a QOZ major tax incentives + bonus depreciation potential Surrounded by new construction, including multi-family and mixed-use projects Easy access to Center City, City Ave, and University City Unbeatable Location: 1 block to Lancaster Ave commercial corridor 0.7 mi to ParkWest Town Center (ShopRite, Lowes, Planet Fitness) Minutes to Fairmount Park, the Mann Music Center, Please Touch Museum, and Bala Golf Club Close to St. Josephs University, University of Pennsylvania, Drexel University, and Philadelphia College of Osteopathic Medicine (PCOM) Convenient access to Route 1, I-76, and SEPTA regional rail & trolley lines This is your chance to control a full development site in a high-growth corridor with proven rental demand and long-term upside. Build a new apartment building in a well-connected, transit-friendly, and amenity-rich neighborhood that continues to see significant public and private investment.
Presented By: Real Broker, LLC

Interior Features for 5117 Warren Street

Other Interior Features

Central Air Y/NNo
Heating FuelNone
Hot WaterNone

General for 5117 Warren Street

Acceptable FinancingCash, Conventional, Joint Venture, Negotiable, Private, Other
AccessibilityOther
Association Recreation FeeN
Business TypeApartment Building
CityPHILADELPHIA
Construction Completed Y/NNo
Construction MaterialsFrame
Cool FuelNone
CoolingNone
CountyPHILADELPHIA
DirectionsUse GPS
DisclosuresOwner RE Licensee
HeatingNone
Historic Y/NNo
Lease Considered Y/NNo
Location TypeUrban
Lot Size Square Feet9178.00
Lot Size UnitsSquare Feet
MLS Area19131 (19131)
ModificationTimestamp2025-07-28T15:38:15
MunicipalityPHILADELPHIA
New ConstructionYes
Number Of Units Total4
OwnershipFee Simple
PossessionImmediate, 90-120 Days CD, 61-90 Days CD, 31-60 Days CD, 120-180 Days, 0-30 Days CD, Negotiable, Settlement
Possible UseApartment Building, Multi-Family
Price Per Sq Ft Total AG21.72
Property ConditionExcellent
Property SubtypeFive Or More Units
Property TypeCommercial Sale
Property UseInvestment
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Subdivision NameWEST PHILADELPHIA
Tax Annual Amount359.0
Tax Assessed Value25700.0
Tax Lot115
Tax Year2024
TransportationAirport less than 10 miles, Bus Stop less than 1 mile, Metro/Subway Station less than 1 mile, Commuter Rail Station less than 1 mile
Vacation Rental Y/NNo
ViewCity
Water Access Y/NNo
ZoningRM1

Exterior for 5117 Warren Street

Building Area Total27620.00
Car Parking Spaces
Fencing Y/NY
Foundation DetailsOther
Land Assessed Value25700.00
Lot FeaturesCorner
Lot Size Acres0.21
Lot Size SourceEstimated
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces0
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Charles Torres

Owner
Price $600,000
MLS#PAPH2521528
List Date 07/28/2025
Property Type Commercial
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