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.
Property Details
Property Features
Listing Office:
Office Name: KW Empower
Office Phone: (215) 627-3500
Listing Agent: Jim Onesti
Other
Directions Information:
Directions: Spring Garden St to N Delaware Ave to N Penn Ave.
Municipality:
Philadelphia
Price Information
Listing Price Info
Price Summary:
List Price: $15,500,000
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Housing Market Comparison
See how this home compares to others in Philadelphia, PA.
This property is $15.2M more than the Median Sold Price in Philadelphia, PA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #PAPH2182378
Listing Office:
Office Name: KW Empower
Office Phone: (215) 627-3500
Listing Agent: Jim Onesti
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
John Moffet Elementary School
127 W Oxford St
Distance between this listing and this school0.92 miles
Public District Grades KG-5
7
/10
Horatio B. Hackett School
2161 E York St
Distance between this listing and this school1.41 miles
Public District Grades KG-5
1
/10
Hope Community Charter School
836 S 4th St
Distance between this listing and this school1.94 miles
Public Charter Grades KG-6
Nearby Schools
4
/10
General Philip Kearny School
601 Fairmount Ave
Distance between this listing and this school0.75 miles
Public District Grades KG-8
6
/10
Adaire Alexander School
1300 E Palmer St
Distance between this listing and this school0.77 miles
Public District Grades KG-8
1
/10
Cooper's Poynt Family School
201 State St
Distance between this listing and this school0.85 miles
Public District Grades PK-8
Nearby Schools
5
/10
Bodine William W High School
1101 N 4th St
Distance between this listing and this school0.65 miles
Public Magnet Grades 9-12
2
/10
Penn Treaty High School
600 E Thompson St
Distance between this listing and this school0.87 miles
Public District Grades 6-12
3
/10
Mastery Chs-Lenfest Campus
35 S 4th St
Distance between this listing and this school1.07 miles
The neighbors living near this home have an average income of $67,639. The most common annual income of people living in Philadelphia, PA is between $35k-100k. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 709-17 N Penn St
What is the listing price of this property?
The listing price of 709-17 N Penn St property is $15,500,000.
What type of property is this?
The property 709-17 N Penn St is land located in Philadelphia, Pennsylvania, 19123.
Is this property for sale now?
Active Listing: 709-17 N Penn St is For Sale (Active/New) which means the seller is accepting offers.
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This home is located at 709-17 N Penn St in Philadelphia, PA and zip code 19123 in the Northern Liberties neighborhood. It has been listed on Rocket Homes since November 28, 2022 and is currently priced at $15,500,000.
Philadelphia, PA housing market in October 2024 saw over 252 listings sold above listed price, more than 237 sold at listed price and over 567 sold below. Between September 2024 and October 2024, Philadelphia, PA real estate market has seen increase in the number of listings by 9.8%. The median list price of listings available in October 2024 was $261,807, while the average time on the real estate market was 44 days.
From Rocket Homes Real Estate and based on county public records data.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. 
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