Foreclosure - Waterfront - Seller Financing
Listed By:
KW Empower
709-17 N Penn Street, Philadelphia, PA
$ 15,500,000
Property Attributes
  • MLS#PAPH2182378
  • TypeLand
  • CityPhiladelphia
  • Area19123
  • Zip19123
  • Style
  • Taxes$ 65492
  • Price$ 15,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Bright MLS
Property 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 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.

Price History
11/28/2022 Listed $15,500,000

General Features

Sewer Public Sewer
Possession Settlement
Zoning CMX3
Property SubType Land
Tax Year 2023
Current Use Other
Percent Ownership Fee Simple
Property Type Land
HOA / Comm Assn No
Water Access Y/N No
Directions Spring Garden St to N Delaware Ave to N Penn Ave.
ModificationTimestamp 2024-05-21T14:43:43
Buyer Agent Compensation 2.5
MLS Area 19123 (19123)
Lot Size Square Feet 0.00
Tax Assessed Value 4678700.0
Waterfront Y/N No
Street Name PENN
Tax Annual Amount 65492.0
Clean Green Assessed Y/N No
Additional Parcels Y/N No
Vacation Rental Y/N No
Days on Market 541
Standard Status Active
Tax Lot 9
Buyer Agent Compensation Type % Of Gross

Interior Features

Street Suffix STREET

Exterior Features

Water Source Public
Land Use Code SC
Water View Y/N No
Lot Dimensions 140.00 x 624.00
Lot Size Acres 0.00
Lot Size Units Square Feet
Lot Size Source Estimated
Navigable Water Y/N No
Water Oriented Y/N No
LotDimensionsSource Assessor


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 19123

AVG $3.99M
AVG $17,074
AVG 877
Data Provided by Inside Real Estate®
AVG 86
Data Provided by Walkscore® not using MLS data

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