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1900 S 16th St 15,390 SF Specialty Building Offered at $2,450,000 in Philadelphia, PA 19145
Investment Highlights
- 2 blocks from the Constitution Health Plaza parking garage (357 spaces)
- Qualified Opportunity Zone
- All interior demo and environmental abatement has been completed
- Listed on Historic Register; significant historic tax credits available
Executive Summary
Zoning approvals provide several viable redevelopment paths, including a by-right plan for 45 residential units, an approved mixed-use concept featuring 33 units within the existing structure plus event space and visitor accommodations suited for short-term rental models, as well as additional density potential through new construction on the existing parking lot. These options offer flexibility for developers pursuing market-rate multifamily, boutique hospitality, or hybrid mixed-use strategies.
Property Facts
| Price | $2,450,000 | Building Class | B |
| Price Per SF | $159.19 | Lot Size | 0.32 AC |
| Sale Type | Investment | Building Size | 15,390 SF |
| Sale Condition | Redevelopment Project | No. Stories | 3 |
| Property Type | Specialty | Year Built | 1990 |
| Property Subtype | Religious Facility | Opportunity Zone |
Yes
|
| Zoning | RM1 | ||
| Price | $2,450,000 |
| Price Per SF | $159.19 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Specialty |
| Property Subtype | Religious Facility |
| Building Class | B |
| Lot Size | 0.32 AC |
| Building Size | 15,390 SF |
| No. Stories | 3 |
| Year Built | 1990 |
| Opportunity Zone |
Yes |
| Zoning | RM1 |
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Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 773199000 | Improvements Assessment | $692,781 |
| Land Assessment | $103,519 | Total Assessment | $796,300 |
Property Taxes
Parcel Number
773199000
Land Assessment
$103,519
Improvements Assessment
$692,781
Total Assessment
$796,300
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