709-17 North Penn Street
$15,500,000
0 / 0
Description
Amazing development opportunity for resale or a long term hold currently being offered at $15,500,000 OR purchase half the development. Buy and build the (47) unit multi unit side of the development or buy and build the (12) luxury townhome side of the development - Inquire about separate pricing. Seller would purchase back your first two townhomes to help you with pre-sales. Seller is open to owner financing. Seller is willing to get creative in order to make this project as lucrative as possible...Amazing development opportunity for resale or a long term hold currently being offered at $15,500,000 OR purchase half the development. Buy and build the (47) unit multi unit side of the development or buy and build the (12) luxury townhome side of the development - Inquire about separate pricing. Seller would purchase back your first two townhomes to help you with pre-sales. Seller is open to owner financing. Seller is willing to get creative in order to make this project as lucrative as possible for the developer or get you into the deal with less cash out of pocket. Build 60 units on the water, in Center City, by right - all within zoning code! High density, these numbers just make sense with a projected resale value of $68,000,000. The waterfront site consists of a 47 unit building, 12 luxury townhomes, as well as a separate one-story commercial space plus 35 additional parking spaces in addition to the two car garage townhomes. Can build 84 ft (7 stories is the plan). Approval submitted the first week in April 2022 - referral for CDR + REO approved. Zoning Permits 3-4 Months - Prelim StormWater Approvals obtained. Geotech report, phase 1 and phase 2 environmental test available for review. Billions of dollars of development on the waterfront surrounding this project.
- Listed by Jim Onesti • KW EmpowerP: (484)-429-6769 jimsells@mccannteam.com
Property Details for 709-17 North Penn Street
Tax ID Number
885879840
OwnershipFee Simple
HOANo
WaterfrontNo
GarageNo
MunicipalityPHILADELPHIA
Central AirNo
Construction CompletedNo
LISTING UPDATED: 10/24/2024 03:10 PM
Property Details for 709-17 North Penn Street
Status | Active |
---|---|
MLS # | PAPH2182378 |
Days on Market | 666 |
Taxes | $65,492 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land / Fee Simple |
Year Built | - |
Lot Size | 0.00 AC |
County | Philadelphia County |
Building Information for 709-17 North Penn Street
Lot Size0.00 AC
Property Information for 709-17 North Penn Street
Property History for 709-17 North Penn Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 709-17 North Penn Street
This home is within The School District of Philadelphia.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 | |||
Public - | 6 to 8 |
Rating | School | Distance |
---|---|---|
General Philip Kearny PublicK to 8 | ||
Franklin Benjamin High School Public9 to 12 | ||
Bodine William W High School Public9 to 12 | ||
Amy At Martin Public6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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