Row/Townhouse - PHILADELPHIA, PA photo 1
Row/Townhouse - PHILADELPHIA, PA photo 2
Row/Townhouse - PHILADELPHIA, PA photo 3
Row/Townhouse - PHILADELPHIA, PA photo 4
Row/Townhouse - PHILADELPHIA, PA photo 5

2337-41 PENNSYLVANIA AVE
Philadelphia, Pennsylvania, United States

Description

On behalf of ownership, pleased to present this unrivaled development opportunity with unobstructed, front facing views of both the Museum of Arts and the Rocky statue. A 4798sqft site, currently subdivided into (3) parcels (2337-2339-2341 Penn Ave) holding an rsa5 distinction. With ample development scenarios in play, 2341 Penn Ave presently seats a 2040sqft single family/office structure that is deemed historic, albeit non contributing, so it may be renovated, taken down to allow for new construction or rezoned multifamily. (3) 3100sqft+ homes may be constructed by right, with the possibility in receiving a variance for an additional single family or converted to a multifamily designation (buyer responsible for approvals along with all due diligence). This opportunity is anchored by neighboring Green Street Estates that sold out in a 10 month span (estimated $1,600,000-$2,400,000 outsale per home). Expected outsale for this Pennsylvania Ave assemblage once constructed: $1,900,000-$2,100,000 per home. Anticipated ROI; 14-17%. There may never be another opportunity to build 3 contiguous, new construction homes in this vicinity again!

Schools

THE SCHOOL DISTRICT OF PHILADELPHIA School District
Elementary , High , Junior High , Middle School

Presented by

BHHS Fox & Roach

BHHS Fox & Roach
Click To Show Phone
Main: +1 866 486 5636

Location

Disclaimer

To the fullest extent permissible pursuant to applicable law, this web site and the materials are provided on an "as is" and "as available" basis. LuxuryRealEstate.com expressly disclaims all warranties of any kind, whether expressed, implied, or statutory including, but not limited to, the implied warranties of merchantability, fitness for a particular purpose and non-infringement. We do not warrant that this web site or the materials are completely error free, will operate without interruption, are compatible with all equipment and software configurations, free of viruses, errors, or other harmful components, or will otherwise meet your needs.