For Sale $2,200,000
Property Type Multi-Family
Units 0
Lot Size 86,575 SF
Date Updated Apr 26, 2024

Located between Temple University's main campus and Temple University's medical campus, this development project provides the rare opportunity to acquire a property with the ability to attract student tenants from both campuses.

Rarely in this aggressive market does the investment opportunity present itself, where a roughly two acre parcel of undeveloped land, situated in a central urban location, can be acquired for an acquisition cost of less than $25 per square foot. This low acquisition cost facilitates a variety of viable development opportunities.

This site could capitalize on the train stations citywide access via SEPTA's Regional Rail system and its Amtrak link to New York, as well its location barley a half-mile north of Temple University's main campus and just a few blocks south of its Health Sciences Center complex. This site was previously approved for two hundred fifty nine units, for assisted living or market rate housing.

While those approvals have expired, they can be reinstated but would have to go through the variance process again.

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Contacts

Andre Watson

KW Commercial | Philadelphia | Center City

Location

Getting Around

Walk Score ®
100/100 Walker's Paradise
Transit Score ®
100/100 Rider's Paradise
Bike Score ®
79/100 Very Bikeable

Map
Street

City Philadelphia, PA
Neighborhood Market East
Market Philadelphia

Points of Interest

15th Street

0.01 miles
City Hall

0.07 miles
Broad Street Line Entrance

0.08 miles
Suburban Station

0.16 miles
13th Street

0.20 miles
Eastbound MFL Entrance

0.21 miles
Walnut-Locust

0.26 miles
15th-16th & Locust

0.30 miles
Race-Vine

0.33 miles
11th Street

0.37 miles

Sunoco

0.66 miles
Sunoco

0.83 miles
Sunoco

1.15 miles
Sunoco

1.16 miles
Gulf

1.21 miles
Lukoil

1.26 miles
BP gas

1.36 miles
BP

1.39 miles
Liberty

1.47 miles
Sunnoco

1.48 miles

LOVE Park Parking Garage

0.13 miles
Midtown Garage

0.14 miles
Convention Center Parking Facility

0.18 miles
The Lift at Juniper

0.21 miles
Convention Center Parking

0.25 miles
12th and Filbert Garage

0.25 miles
Parkway Building

0.27 miles
Sonesta Hotel Garage

0.28 miles
1818 Market Street Garage

0.32 miles
12th & Walnut Garage

0.32 miles

W Hotel & Element by Westin Philadelphia

0.09 miles
The Ritz-Carlton, Philadelphia

0.11 miles
Residence Inn Philadelphia Center City

0.16 miles
Le Meridien Philadelphia

0.17 miles
The Inn at the League

0.18 miles
The Inn At The Union League

0.18 miles
Westin Philadelphia

0.18 miles
The Notary Hotel

0.18 miles
Club Quarters Hotel in Philadelphia

0.19 miles
Hotel Palomar Philadelphia - a Kimpton Hotel

0.22 miles

Wok Works

0.04 miles
Dunkin'

0.10 miles
Wendy's

0.10 miles
Five Guys

0.11 miles
Del Frisco's

0.11 miles
Smoothie King

0.14 miles
Auntie Anne's

0.14 miles
Au Bon Pain

0.15 miles
The Capital Grille

0.15 miles
Old Nelson

0.15 miles

Philadelphia Classical School

0.22 miles
Drexel University College of Nursing and Health Professions

0.26 miles
Friends Select School

0.28 miles
Drexel University College Of Medicine

0.28 miles
Thomas R. Kline School of Law

0.30 miles
Drexel University - Center City Campus

0.35 miles
Curtis Institute of Music

0.39 miles
Russell Byers Charter School

0.41 miles
Roman Catholic High School for Boys

0.42 miles
University of the Arts

0.45 miles

Right Steps

0.29 miles
Little Scholars Academy

0.37 miles
Chinatown Learning Center

0.50 miles
Moonstone Preschool

0.85 miles
Point Breeze Head Start Center

1.30 miles
Shake Rattle Roll Inc

1.39 miles
Caring Center Pre-K

1.42 miles
The Joshua Tree Early Learning Center

1.43 miles
Acelero Learning

1.47 miles
Acelero Learning

1.68 miles

Frequently Asked Questions

What is the lease rate for Opportunity Zone Land Development?

Rental asking rate at Opportunity Zone Land Development is $1,100,000.00/YR.

What is the total square footage of Opportunity Zone Land Development?

Opportunity Zone Land Development totals 37,660 square feet.

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