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Listed by Christopher Somers • KW Empower
$ 940,000
Est. payment /mo
New
2254-60 N 3RD ST Philadelphia, PA 19133
6,120 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Norris Square
MLS Listing ID PAPH2628348
HOA Y/N N
Tax Year 2025
Lot Size 6,120 Sqft
Acres 0.14
Lot Dimensions 60.00 x 102.00
Property Sub-Type Land
Source BRIGHT
Property Description
Rare corner development opportunity in Norris Square featuring approved zoning plans and permits for a mixed-use building with 27 residential units and 1 commercial space, located within a Qualified Opportunity Zone (QOZ). The approved unit mix consists of 17 two-bedroom/two-bath units, 10 one-bedroom/one-bath units, and a ground-floor commercial space.
The property currently includes a 6,120 SF masonry and steel building with high ceilings and two overhead doors, offering immediate flexibility for owner-users, storage, light industrial use, or rental income while development plans are executed. The existing zoning permit remains active through February 2029, allowing ample time to move forward with construction.
In addition to the approved plans, a by-right alternative development concept has been prepared for 32 residential units plus 1 commercial space, consisting of 12 two-bedroom/two-bath units, 12 one-bedroom/one-bath units, and 8 studio apartments, providing additional density potential without requiring zoning relief.
An exceptional opportunity for developers and investors seeking a shovel-ready project with long-term upside in one of Philadelphia's rapidly evolving neighborhoods.
The property currently includes a 6,120 SF masonry and steel building with high ceilings and two overhead doors, offering immediate flexibility for owner-users, storage, light industrial use, or rental income while development plans are executed. The existing zoning permit remains active through February 2029, allowing ample time to move forward with construction.
In addition to the approved plans, a by-right alternative development concept has been prepared for 32 residential units plus 1 commercial space, consisting of 12 two-bedroom/two-bath units, 12 one-bedroom/one-bath units, and 8 studio apartments, providing additional density potential without requiring zoning relief.
An exceptional opportunity for developers and investors seeking a shovel-ready project with long-term upside in one of Philadelphia's rapidly evolving neighborhoods.
Location
State PA
County Philadelphia
Area 19133 (19133)
Zoning CMX2
Exterior
Water Access N
Garage N
Building
Sewer Public Sewer
Water Public
Schools
School District Philadelphia City
Others
Tax ID 883548410
Ownership Fee Simple
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
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