Exceptional shovel-ready development opportunity in the highly desirable Old City neighborhood! This project includes approved plans and permits for a luxury five-unit condominium building designed with modern, upscale finishes. Four residences are thoughtfully designed with approximately 1,720 square feet of living space, offering 2 bedrooms, 2 full bathrooms, an open-concept living, dining, and kitchen area, a private 200-square-foot balcony, elevator access directly to each unit, and dedicated private storage. Crowning the development is an impressive penthouse featuring approximately 1,720 square feet on the sixth floor plus a 450-square-foot mezzanine with breathtaking city views. The building also includes four private garage parking spaces, adding exceptional value and convenience. The foundation has already been completed, allowing the next owner to continue construction immediately. Approved plans, permits, and tax abatement documentation are available upon request. With construction already underway and the seller planning to increase the price as progress continues, this is a rare opportunity for developers and investors to bring a premier luxury condominium project to life in one of Philadelphia's most sought-after neighborhoods. Drive by & Make an Offer!
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Zillow last checked:
Listing updated:
Listed by:
Maria Quattrone215-607-3535,
LPT Realty, LLC8773662213
Source: Bright MLS,MLS#: PAPH2652958
Facts & features
Property
Features
Has view: Yes
View description: Street
Lot
Size: 1,992 Square Feet
Dimensions: 30.00 x 53.00
Features: Corner Lot, Urban
Details
Parcel number: 885618720
Zoning: CMX3
Special conditions: Standard
Utilities & green energy
Sewer: Other
Water: None
Community & HOA
Community
Subdivision: Old City
HOA
Has HOA: No
Location
Region: Philadelphia
Municipality: PHILADELPHIA
Financial & listing details
Tax assessed value: $697,200
Annual tax amount: $9,759
Date on market: 8/11/2026
Listing agreement: Exclusive Right To Sell
Listing terms: Negotiable,Conventional,Cash,Bank Portfolio,Private Financing Available