Property Address:709 N PENN STREET,
PHILADELPHIA, United States
Amazing development opportunity for resale or a long term hold. Build 61 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 $65,000,000. The waterfront site consists of a 48 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.