2300-12 N 2nd St

-SCOPE Commercial Real Estate Services, LLC (“SCOPE”) is pleased to present a unique land development opportunity at 2300–12 N. 2nd Street, consisting of seven (7) contiguous parcels assembled along North 2nd Street in Philadelphia’s rapidly evolving Lower Kensington/Fishtown submarket. The site is zoned CMX-2.5, allowing for a broad range of by-right commercial and mixed-use development options, subject to zoning, design, and City approvals. The property is currently improved with an existing warehouse structure. Buyers are encouraged to perform independent due diligence regarding site conditions and redevelopment considerations. Preliminary conceptual architectural plans illustrate the potential for a five-story multifamily development with a cellar level, depicting up to 43 residential units (subject to final design, zoning compliance, and permitting). The illustrative unit mix includes studio, one-bedroom, and two-bedroom layouts, with total bedroom counts and cellar configurations subject to further review and approval by the City of Philadelphia. Conceptual site plans depict multiple development configurations, including both a contiguous building layout and a multi-building scheme, subject to final design and approvals. With applicable zoning bonuses, the CMX-2.5 designation may allow for increased residential density beyond the illustrative concepts, subject to zoning compliance and City approvals. Cellar-level areas are shown as flexible space in the conceptual plans, with final use, habitability, and bedroom counts to be determined through the design and approval process, including any required Civic Design Review or other City agency approvals. The assembled parcels allow for efficient site planning, vertical construction, and a cohesive building footprint that would be difficult to replicate through individual parcel acquisition. Notably, the property is located within a federally designated Opportunity Zone, which may provide qualifying investors with the ability to defer and potentially reduce capital gains taxes through long-term investment, subject to eligibility and compliance with applicable regulations. Strategically located along North 2nd Street, the property offers convenient access to major transportation corridors connecting Center City, Northern Liberties, Fishtown, and Port Richmond. The site is well served by public transit and provides quick access to I-95 and other major arterials. With favorable zoning, assembled land, and conceptual development studies already completed, 2300–12 N. 2nd Street presents a compelling opportunity for developers to pursue a ground-up multifamily or mixed-use project in one of Philadelphia’s most active growth corridors.