2155-2161 N 2nd St
Philadelphia, PA 19122
Land For Sale
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0.21 AC
Investment Highlights
- Shovel Ready | 31-Unit Mixed Use Project Located on North 2nd Street
- Transit & Pedestrian Oriented Location | Access to Berks Station Market-Frankford Line, Girard Avenue, Frankford Avenue and Interstate 95
- Located in a Qualified Opportunity Zone | CMX-2 Zoning
- Residential Neighborhood | Close Proximity to Kensington Creative & Performing Arts High School and Moffet School
Property Facts
Description
SCOPE Commercial Real Estate Services, LLC "SCOPE" has been exclusively assigned to offer for sale the fee-simple interest in 2155-61 North 2nd Street in Philadelphia, PA. The site is shovel-ready and approved for 31 multifamily units above 2,300 square feet of commercial space. The property has frontage on North 2nd Street and West Susquehanna Street and is a half block east of North American Street. The offering is also located in a qualified opportunity zone providing long term tax benefits to the developer and investors. With such close proximity to the Berks SEPTA Station along the Market-Frankford line, Center City Philadelphia can be accessed within minutes. For commuters with a car, the property is blocks away from Girard Avenue and Interstate 95 with great arterial access to all part of the city and the surrounding region. Over the past decade, Olde Kensington (19122) and Fishtown (19125) have had respectively the second and third best return on investment for residential uses in Philadelphia. Both neighborhoods are ideal for millennials and is experiencing a transformation that resembles much of the revitalization that occurred in the Brooklyn, NY's Williamsburg, Bushwick and Greenpoint neighborhoods. This is an excellent opportunity to capitalize on a very sought after submarket in a thriving Philadelphia real estate market.
