709-17 North Penn Street

Philadelphia, PA 19123

$15,500,000
Price
0 / 0
Lot Size / Acres
a city view with tall buildings

Description

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...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.
  1. Listed by Jim Onesti • KW Empower
    P: (484)-429-6769 jimsells@mccannteam.com

Property Details for 709-17 North Penn Street

Tax ID Number
885879840
Ownership
Fee Simple
HOA
No
Waterfront
No
Garage
No
Municipality
PHILADELPHIA
Central Air
No
Construction Completed
No
LISTING UPDATED: 11/11/2024 09:05 AM

Property Details for 709-17 North Penn Street

StatusActive
MLS #PAPH2182378
Days on Market689
Taxes$65,492 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Fee Simple
Year Built-
Lot Size0.00 AC
CountyPhiladelphia County

Building Information for 709-17 North Penn Street

Lot Size0.00 AC

Property Information for 709-17 North Penn Street

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19123 (19123)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2023
  • Tax Assessed Value: $4,678,700
  • Year Assessed: 2023
  • City Town Tax: $29,555
  • Clean Green Assessed: No
  • Land Use Code: SC
  • Zoning: CMX3
  • Tax Lot: 9
  • School Tax: $35,937
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Building Info
Lot / Land Information
Farm Information
  • Farm Land Preservation Y/N: No
Lot / Land Information
  • Lot Size Source: Estimated
  • Lot Size Dimensions: 140.00 x 624.00
  • Lot Dimensions Source: Assessor
  • Current Use: Other
  • Parcel ID: 1417557
  • Additional Parcels: No
Utilities
Utilities
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Greater Philadelphia Association of REALTORS
  • List Agent URL: www.JimOnesti.com

Property History for 709-17 North Penn Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 709-17 North Penn Street

This home is within The School District of Philadelphia.
Rating
School
Type
Grades
Distance
General Philip Kearny
Public - K to 8
Franklin Benjamin High School
Public - 9 to 12
Bodine William W High School
Public - 9 to 12
Amy At Martin
Public - 6 to 8
Rating
School
Distance
General Philip Kearny
PublicK to 8

Franklin Benjamin High School
Public9 to 12

Bodine William W High School
Public9 to 12

Amy At Martin
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 709-17 North Penn Street, Philadelphia, PA 19123

709-17 North Penn Street is a 0 ac of land for sale in Philadelphia, PA 19123. This property was listed for sale on November 28, 2022 by KW Empower, it's currently listed at $15,500,000. This listing's school district is The School District of Philadelphia. Nearby schools include General Philip Kearny, Franklin Benjamin High School and Bodine William W High School. 709-17 North Penn Street is a 0-bed, 0-bath, 0 ac of land on a 0 sq. ft. / 0 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW Empower

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.