709 17 N Penn Street

Philadelphia, PA 19123

– beds
– baths
– sqft

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.

Listing courtesy of BRIGHT / KW Empower

Last checked: Checking… • Last updated Nov 11, 2024 •

MLS# PAPH2182378 —

Financial & Terms

Sale Type:

Standard
Possession:

Settlement

Location

Directions:

Spring Garden St to N Delaware Ave to N Penn Ave.
Latitude:

39.96097183
Longitude:

-75.13584137

The Property

Property Type:

Land
Property Subtype:

Land
Current Use:

Other
Lot Size Units:

Square Feet
Lot Size Source:

Estimated
Lot Size Dimensions:

140.00 x 624.00
Lot Dimensions Source:

Assessor
Lot SqFt:

0 Sqft
Additional Parcels:

No
Zoning:

CMX3
Water View:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Farm Land Preservation:

No
Land Use Code:

SC
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

885879840
Tax Year:

2023
Tax Lot:

9
Tax Annual Amount:

$65,492
Tax Assessed Value:

$4,678,700
Year Assessed:

2023
School Tax:

35937.0
City/Town Tax:

29555.00
Total Taxes Payment Frequency:

Annually

Utilities

Sewer/Septic:

Public Sewer
Water Source:

Public

Schools

School District Name:

The School District Of Philadelphia
School District Source:

Listing Agent

The Community

HOA:

No

Extra Units

Vacation Rental:

No

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price
9/16/24 Sep 16, 2024	Listed / Active	BRIGHT	$15,500,000
8/8/24 Aug 8, 2024	Sold Subject To Contingencies	BRIGHT	$15,500,000
11/28/22 Nov 28, 2022	Listed / Active	BRIGHT	$15,500,000

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This plot of land located in Center City, Philadelphia, PA 19123 is currently for sale for $15,500,000. 709 17 N Penn Street is a – square foot plot of land with – beds and – baths. 709 17 N Penn Street is in the Center City neighborhood of Philadelphia and has a WalkScore® of 82, making it very walkable. This plot of land is in the attendance area of Benjamin Franklin High School and Gen. Philip Kearney School.

Listing Courtesy of: BRIGHT and KW Empower.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.