- For Sale $6,500,000
- Property Type Other
- Units 85
- Date Updated Apr 24, 2024
- Website 230vinestreet.sharplaunch.com
On behalf of ownership, GREA extends to qualified investors the opportunity to acquire the fee simple interest in 230 Vine Street (the” Property” or “Site”). The Property is a total of 13,684 square feet zoned CMX-3 in the heart of the Old City Neighborhood of Philadelphia.
The Site presents new ownership with the opportunity to develop a fully approved, shovel-ready mixed-use property with 85 residential units and 5,925 square feet of commercial space in a rapidly developing pocket of Old City. The Property would have frontage on three streets - Vine, New, and Bodine. In addition, plans call for 30 parking spaces on an underground level accessed by a ramp/driveway off New Street. The Site is within walking distance of James Beard award-winning restaurants such as Amada, Zahav, Buddakan, Fork, and the Royal Boucherie.
Old City is poised to see significant demand for housing as it is considered one of the City’s top neighborhoods. The Site is well-positioned to be a preeminent luxury development in a submarket that is poised to outperform other oversupplied areas of Philadelphia. The Park at Penns Landing, a new $360MM 14-acre park, is now under construction connecting Old City to the Delaware River. The Site will greatly benefit from the massive project aimed at rejuvenating the Philadelphia Waterfront and injecting fresh energy into Old City.
The Property is steps from the 2nd and Market Street Station on SEPTA’s Market-Frankford Train Line carrying commuters to Center City Philadelphia and the surrounding suburbs. Future tenants will have direct access to Interstate 95, 76, and 676, and the Benjamin Franklin Bridge connecting motorists to employment and entertainment centers throughout the tri-state area.
This Site represents a rare opportunity to acquire a unique asset with a modern high-end design in a core location in the City of Philadelphia.
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
Attachments
Highlights
- Fully Approved Development: Shovel Ready Construction Project
- Irreplaceable Old City Location: Luxury Development in an A+ Location
- Transit Oriented Development: Steps from SEPTA Market-Frankford Line, I-95, I-76, I-676, and Benjamin Franklin Bridge
- Access to Best-In-Class Amenities: James Beard Award Winning Restaurants, Galleries, and Boutiques
- Proximity to Mega Project: The Park at Penns Landing: Brand New $360MM 14-Acre Curated Public Park
False
Contacts
Location
Getting Around
-
Walk Score ®
100/100
Walker's Paradise
-
Transit Score ®
100/100
Rider's Paradise
-
Bike Score ®
87/100
Very Bikeable
- City Philadelphia, PA
- Neighborhood Washington Square West
- Zip Code 19106
- Market Philadelphia
Points of Interest
-
Walnut-Locust
0.12 miles
-
Eastbound MFL Entrance
0.15 miles
-
13th Street
0.16 miles
-
Broad Street Line Entrance
0.16 miles
-
12th-13th & Locust
0.17 miles
-
15th Street
0.21 miles
-
City Hall
0.22 miles
-
15th-16th & Locust
0.24 miles
-
11th Street
0.27 miles
-
Jefferson Station
0.32 miles
-
Sunoco
0.67 miles
-
Sunoco
0.78 miles
-
Sunoco
0.95 miles
-
Lukoil
1.11 miles
-
Gulf
1.13 miles
-
Sunoco
1.37 miles
-
BP gas
1.51 miles
-
Liberty
1.56 miles
-
BP
1.58 miles
-
Sunnoco
1.64 miles
-
The Lift at Juniper
0.01 miles
-
Midtown Garage
0.11 miles
-
12th & Walnut Garage
0.12 miles
-
DoubleTree Parking Garage
0.18 miles
-
ABM Parking Services
0.24 miles
-
TJU Hamilton Garage
0.25 miles
-
12th and Filbert Garage
0.25 miles
-
Avenue of the Arts Garage
0.26 miles
-
Latimer Garage
0.27 miles
-
Convention Center Parking Facility
0.28 miles
-
Holiday Inn Express
0.05 miles
-
The Inn At The Union League
0.08 miles
-
The Ritz-Carlton, Philadelphia
0.11 miles
-
The Inn at the League
0.12 miles
-
Cambria Hotel Philadelphia Downtown Center City
0.12 miles
-
Hyatt at The Bellevue
0.12 miles
-
W Hotel & Element by Westin Philadelphia
0.13 miles
-
DoubleTree by Hilton Hotel Philadelphia Center City
0.16 miles
-
Loews Philadelphia Hotel
0.18 miles
-
Residence Inn Philadelphia Center City
0.18 miles
-
Time
0.02 miles
-
Opa
0.03 miles
-
Lolita
0.04 miles
-
Barbuzzo
0.05 miles
-
Lolitas Restaurant
0.05 miles
-
HipCityVeg
0.05 miles
-
Sampan
0.05 miles
-
Fogo de Chao
0.06 miles
-
Zio's Brickoven Pizzeria
0.06 miles
-
El Vez
0.06 miles
-
Thomas R. Kline School of Law
0.13 miles
-
Philadelphia Classical School
0.29 miles
-
University of the Arts
0.32 miles
-
Thomas Jefferson University
0.35 miles
-
Peirce College
0.37 miles
-
Saint Peter Clavers School
0.41 miles
-
Curtis Institute of Music
0.42 miles
-
Drexel University College Of Medicine
0.46 miles
-
Drexel University College of Nursing and Health Professions
0.47 miles
-
Friends Select School
0.48 miles
-
Right Steps
0.26 miles
-
Little Scholars Academy
0.47 miles
-
Chinatown Learning Center
0.52 miles
-
Moonstone Preschool
0.65 miles
-
Point Breeze Head Start Center
1.25 miles
-
The Joshua Tree Early Learning Center
1.49 miles
-
Shake Rattle Roll Inc
1.54 miles
-
Acelero Learning
1.54 miles
-
Caring Center Pre-K
1.62 miles
-
Ken Crest Early Learning Center
1.64 miles
Frequently Asked Questions
What is the lease rate for The Residences at 230 Vine?
Rental asking rate at The Residences at 230 Vine is $3,250,000.00/YR.
What is the total square footage of The Residences at 230 Vine?
The Residences at 230 Vine totals 66,690 square feet.
Looking for more in-depth information on this property?
Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.
