Overview

  • Offering Price $1,850,000
  • Rentable Area 52,628 RSF
  • Gross Area 78,789 GSF
  • Zoning IRMX
  • Apartment Units 80 / 48,508+ SF
  • Industrial Units TBD / 4,120+ SF
  • Parking Spaces 17
  • Listing Price per Door $23,478

The Property is a total of 17,864 square feet zoned IRMX in the heart of the East Kensington neighborhood in Philadelphia. The Site presents new ownership with the opportunity to develop 80 apartment units “by right” in a rapidly developing pocket just north of Fishtown. The Property is within walking distance of Frankford Avenue - the main retail corridor for Fishtown and East Kensington.

East Kensington has seen significant development as it is adjacent to Fishtown, one of the hottest neighborhoods in the country. Furthermore, the Property is well positioned to be a preeminent boutique luxury development in a submarket priced at a discount to soaring rents in the South.

The Property is steps from the Huntingdon Street Station on the SEPTA Market-Frankford Train Line carrying commuters to Center City Philadelphia and the surrounding suburbs. Future tenants will have direct vehicle access to Interstate 95, 76, and 676, the Benjamin Franklin Bridge, the Tacony Palmyra Bridge, and the Walt Whitman Bridge connecting motorists to employment and entertainment centers throughout the tri-state area.

Investment Highlights

  • — By-Right Development: Attractive Zoning for Residential Development
  • — Rapidly Gentrifying East Kensington Location: Located Directly in the Path of Development
  • — Transit Oriented Development: Steps from the SEPTA Market-Frankford Line, I-95, I-76, I-676, and Surrounding Bridges
  • — Access to Frankford Avenue Retail Corridor: James Beard Award-Winning Restaurants, Galleries, and Boutiques