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- LoopNet Team
300 West Huntingdon St
Philadelphia, PA 19133
Land For Sale
·
0.32 AC
INVESTMENT HIGHLIGHTS
- Approved Development Site
- QOZ
PROPERTY FACTS
| Property Type | Land | Proposed Use | |
| Property Subtype | Residential | Total Lot Size | 0.32 AC |
| Zoning | ICMX - ICMX districts are primarily intended to accommodate commercial and industrial uses. | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 0.32 AC |
| Zoning | ICMX - ICMX districts are primarily intended to accommodate commercial and industrial uses. |
DESCRIPTION
Premium Residential Offering: 64 high-end luxury apartment units Ready for Development: Fully entitled land with zoning permits, shovel-ready for construction Commercial Opportunity: 1,269 SF of ground-floor retail space Convenient Parking & Storage: 21 covered parking spaces and 22 indoor bicycle stalls Top-Tier Tenant Amenities: Expansive rooftop lounge, state-of-the-art fitness center, bike storage, and a secure mailroom/lobby area Attractive Tax Incentives: Step-down 10-year tax abatement approved by the City of Philadelphia Strong Valuation: Land appraised at $2,560,000 as of September 26, 2023 No Affordable Housing Requirement: Development is exempt from the affordable housing overlay Optimized for Efficiency: Value-engineered for both financial and mechanical performance Renowned Architectural Design: Created by the award-winning GNOME Architects (AIA Award recipient) Prime Location: Situated in a Qualified Opportunity Zone, just a few blocks from the vibrant heart of the Norris Square neighborhood in Philadelphia
