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2401 N 2nd St 0.63 Acres of Residential Land Offered at $4,800,000 in Philadelphia, PA 19133
INVESTMENT HIGHLIGHTS
- SHOVEL READY with full permits and abatement
- Can begin construction at time of closing
- 102 Units + 42 Car Parking
EXECUTIVE SUMMARY
2401-25 N 2nd Street is a 27,280 square-foot SHOVEL READY development site fronting on 3 streets: 248 ‘ on N 2nd Street; 110’ on W York Street and 248’ on Palethorp Street. The site is fully approved for 102 Apartments, consisting of 69 units in Building A and 33 units across 11 adjoining triplexes, with 42 parking spaces. The existing structures have been demolished and the site has been cleared, allowing the buyer to put a shovel in the ground at time of closing. The approvals are now in place and therefore included in the sale of the site, Buyer will receive the following: Zoning Permit; Building Permit; Construction Documents; Full 10-Year Abatement; Qualified Opportunity Zone Advantages. The unit mix consists of 67 two-beds, 30 one-beds, 4 studios, and 1 three-bed unit. Rent roll and plans are available upon request.
PROPERTY FACTS
| Price | $4,800,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 0.63 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | CMX-2; ICMX; RSA-5 - Commercial and residential mixed use | ||
| Price | $4,800,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.63 AC |
| Opportunity Zone |
Yes |
| Zoning | CMX-2; ICMX; RSA-5 - Commercial and residential mixed use |
1 LOT AVAILABLE
Lot
| Price | $4,800,000 | Lot Size | 0.63 AC |
| Price Per AC | $7,664,511.56 |
| Price | $4,800,000 |
| Price Per AC | $7,664,511.56 |
| Lot Size | 0.63 AC |
27,280 SF development site fronting on 3 streets: 248 ‘ on N 2nd Street; 110’ on W York Street and 248’ on Palethorp Street
1 1
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (73)
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2401 N 2nd St
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