3928 Parrish Street
Philadelphia, PA 19104
- – beds
- – baths
- – sqft
- 1,115 sqft lot
Prime Development Opportunity – Raw Land in University City This hidden gem is a rare chance for savvy investors and developers to secure a high-value property in one of the most rapidly gentrifying neighborhoods adjacent to University City. Located within walking distance to Drexel University and UPenn, this parcel offers unmatched convenience and accessibility. With I-76 just minutes away, you’re only 5 minutes from the Philadelphia Museum of Art, 15 minutes from Center City, and 30 minutes from King of Prussia. It is also just 2 minutes from the rapidly developing Lancaster Avenue, home to a vibrant mix of restaurants, cafés, and bars. Surrounded by major developments and large-scale multi-unit projects, this lot sits on a wide street with ample parking, a huge advantage when applying for a zoning variance (2-4 units are common in the area). New multifamily constructions here are valued between $850K and $1.2M, making this a golden opportunity for builders and investors. With the market at its bottom and interest rates expected to drop soon, now is the time to act. Opportunities like this are rare, and this could be a true once-in-a-lifetime investment. Don’t miss out—once it’s gone, it’s gone!
Last checked:
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Last updated Mar 7, 2025
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MLS# PAPH2452970 —
Financial & Terms
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Sale Type:Standard
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Possession:Negotiable
Location
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Directions:Parrish St between N 39th St and Union St
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Latitude:39.96846771
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Longitude:-75.20152283
The Property
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Property Type:Land
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Property Subtype:Land
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Current Use:Vacant
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Lot Size Units:Square Feet
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Lot Size Acres:0.03
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Lot Size Source:Assessor
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Lot Size Dimensions:15.00 x 74.00
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Lot Dimensions Source:Assessor
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Lot SqFt:1,115 Sqft
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Additional Parcels:No
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Zoning:RSA5
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Farm Land Preservation:No
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Land Use Code:SR
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (610) 731-9300
- Office phone:
- (610) 668-3400
Taxes
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Tax ID Number:243141800
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Tax Year:2024
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Tax Lot:178
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Tax Annual Amount:$473
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Tax Assessed Value:$33,800
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Year Assessed:2025
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School Tax:264.0
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City/Town Tax:208.00
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Total Taxes Payment Frequency:Annually
Utilities
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Sewer/Septic:No Sewer System
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Water Source:None
Schools
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School District Name:The School District Of Philadelphia
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School District Source:Listing Agent
The Community
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HOA:No
Extra Units
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Vacation Rental:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
3/7/25
Mar 7, 2025
|
Listed / Active | BRIGHT | $75,000 |