1148 3rd st
Philadelphia, PA 19123
Development Opportunity · Land For Sale · 0.06 AC

Global Real Estate Advisors (GREA) extends to well-qualified investors the unique opportunity to acquire the fee simple interest in 1148-50 North 3rd Street, located in the Heart of Northern Liberties, a Prime Infill Site with By-Right Development Potential.
In a city defined by dynamic growth corridors, Northern Liberties has emerged as one of Philadelphia’s most sought-after neighborhoods for high-end urban living. Once a hub of industry, the neighborhood now thrives with boutique residences, creative retail, and celebrated dining - all of which contribute to a live-work-play environment that continues to draw investment from across the region. Against this backdrop, 1148-50 North 3rd Street represents a unique and compelling development opportunity.
Situated on a combined 2,620± square foot parcel, this property is zoned RSA-5, permitting by-right single-family residential development. The site sits steps from the beating heart of Northern Liberties, surrounded by an eclectic mix of new construction, historic homes, and lifestyle amenities. With RSA-5 regulations allowing for subdivision into lots as small as 800 square feet, developers have the flexibility to design either one large luxury residence or two distinct, well-appointed townhomes.
Offered at $885,000, the price equates to approximately $338 per square foot, a compelling land basis in a neighborhood where finished product regularly commands premium pricing. As demand for new construction in Northern Liberties continues to accelerate, the fundamentals behind this opportunity are both clear and compelling.
This offering arrives at a time when the market has shown a consistent and resilient appetite for modern townhomes in the surrounding area. With nearby Fishtown and Olde Kensington seeing townhomes sell north of $1 million, and price-per-square-foot averages often ranging from $350 to $450, this location is primed for value creation. The continued rise of North 2nd and North 3rd Streets as residential corridors only enhances the site’s potential.
Beyond the numbers, 1148-50 North 3rd Street offers the chance to build in a neighborhood where community, walkability, and urban convenience converge. From craft breweries and coffee shops to fitness studios and public parks, the area has evolved into a complete residential experience, one where discerning buyers consistently seek new, high-quality homes.
For a developer or builder with vision, this site represents more than just a parcel - it is a canvas in one of the city’s most exciting growth nodes. Whether the goal is to create a pair of boutique homes or a single signature residence, the opportunity at 1148–50 North 3rd Street aligns with the long-term trajectory of Northern Liberties as a cornerstone of Philadelphia’s urban future.
This site offers immediate development potential with long-term upside. A rare find in a market where land is increasingly scarce and competition for new products remains fierce.