705 American St
Philadelphia, PA 19123
Land For Sale · 0.06 AC

PROPERTY DETAILS ? Lot Size: 2,539 sq ft of vacant land ? Zoning: CMX2.5 (Mixed-Use) – allows multi-story residential over ground-floor commercial ? Potential Uses: Ideal for luxury condos/apartments, mixed-use development with retail, boutique offices, or other commercial space ? Adjacent Property: Contiguous to a separately listed 9,700+ sq ft commercial building (on a 5,000 sq ft lot) also for sale – offering a combined ~7,500 sq ft development site if acquired together ? Current Use: Parking and play yard for daycare ? Lease Terms: Subject to (NNN) lease terms for 209-15 Fairmount Ave, expires 12/31/26 ? Property taxes- $3,909 LOCATION AND NEIGHBORHOOD Northern Liberties is a top-tier Philadelphia neighborhood known for its walkable streets, lively nightlife, and eclectic dining scene, all while maintaining a friendly, artistic community vibe. Residents enjoy being steps away from art galleries, cafes, boutique shops, entertainment venues and green spaces, creating a true live-work-play environment. ? High-Value Market: Northern Liberties properties command premium prices, reflecting strong demand and an upscale market. ? Thriving Development: Surrounded by ongoing high-end mixed-use condominium projects and new townhome developments, signaling a robust growth trajectory. ? Transit & Access: Quick access to major highways (I-95, I-676) and public transit (Market-Frankford Line and bus routes) for easy commutes across the city. ? Walkable Lifestyle: Steps from top-tier restaurants, trendy cafés, craft breweries, nightlife, and daily conveniences – all within a few blocks. ? Waterfront Proximity: Only a short walk to the Delaware River waterfront parks and trails, adding recreation and scenic value for residents. ? ADDITIONAL OPPORTUNITY- ADJACENT COMMERCIAL BUILDING FOR SALE ? Address: 209-215 Fairmount Ave, Philadelphia, PA 19123 ? Lot Size: 5009 Sq Ft ? Building Size: ~9,700+ SF ? Year Built: Circa 1805-1848 ? Zoning: CMX-2.5 (Commercial Mixed-Use) ? Current Use: Daycare Facility ? Lease Terms: Triple Net (NNN) ? Lease Term: 8 years, commencing December 31, 2026 ? Net Operating Income (NOI): $183,000 per year Bundling the properties would create the potential for a larger combined development site. Seize the chance to secure a foothold in Northern Liberties’ ongoing success story – opportunities like this are exceedingly rare and won't last long.