Description
Prime multifamily redevelopment opportunity available in the booming West
Kensington section of Philadelphia. This fully approved project located at 2516-18 North 5th Street
includes a full set of plans for the conversion of an existing structure into 6 oversized apartment
units and 1 single-family residence. Additionally, the approved plan includes 1 private parking space,
a rare and highly desirable amenity in the submarket.
The property is comprised of two street-to-street, RM-1 zoned parcels totaling 5,004 square feet of
land with three existing structures on the site. With fully approved plans and renderings in place, a
new operator will be able to move forward with the redevelopment plan quickly after closing.
The property is situated in a booming area of West Kensington that is experiencing a massive wave
of investment and development activity due to its transit accessibility and proximity to major
commercial corridors in Fishtown and Northern Liberties, as well as Temple University
Location
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Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 5th June, 2023 1:13 PM (UTC)
