Under contract
ACTIVE UNDER CONTRACT
709-17 N Penn St
Philadelphia PA, 19123
$15,500,000
Under contract
ACTIVE UNDER CONTRACT
Commercial
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.
PAPH2179112
MLSⓇ ID
November 14, 2022
Listed
October 2, 2024
Updated
Map
709-17 N Penn St
Philadelphia PA, 19123
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Exterior/Building Features
Lot Size
2.13 Acres
Sewer
Public Sewer
Other Property Details
Area Name
PHILADELPHIA
Taxes
$65,492
Tax Frequency
Annually
Days on Market
634
Garage
No
View
No
County
PHILADELPHIA
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
---|---|---|
8/8/2024 | Under contract | — |
Listed by KW Empower
Listing Contact: 4844296769
The IDX display contains information sourced from the Bright MLS, Inc. as of 10/2/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
©2024 Bright MLS, Inc. all rights reserved.
Data last updated on 10/2/2024 at 7:25 AM UTC