2245 N Front St, Philadelphia, PA 19133

Introducing a fully-entitled, shovel ready multifamily over commercial development site with 10-year tax abatement located at 2245 N Front Street within the Kensington QOZ (Opportunity Zone), this pristine property boasts a prime location. Unencumbered by any affordable requirements, this development will have pure market rate housing. The project will stand prominently as a six-story structure along the rapidly expanding Front Street corridor, with several other development projects cropping up in every direction. Spanning over approximately 11,000 SF, the proposed building presents ten residential units, each featuring a comfortable living space averaging 700-800 SF per unit. The building also features one commercial space with approximately 2400 SF. The unit composition offers ten (1) bed (1.5) bath units that are accessible via two ground-floor entrances, accessible via an elevator. The location of this property provides easy access to Philadelphia's best restaurants, cafes, and bars located on Fishtown's Front Street and Frankford Avenue commercial corridors. With just a one-minute walk to York-Dauphin Septa train station on the Market-Frankford El, time efficiency is of the essence. The property comes with permits and plans included in its sale and a 10-year tax abatement. Designed by the esteemed CADRE design, it boasts reputable local architectural work.