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23-Unit Shovel Ready Development Opportunity Listing Details & Market Data

846 E. Woodlawn Street, Philadelphia, PA 19138

This is a shovel-ready development site approved for 23 residential units plus 1,400± square foot of commercial space. The property will be delivered with construction permits and the full 10-year real estate tax abatement. The planned building is designed to offer high ceiling heights and spacious two-bedroom apartments units throughout. Additionally, the plans call for a green roof with a common rooftop deck for residents. This project was engineered for comfortable living and ease of build in mind. 

Several bus routes, SEPTA Regional Rail, Olney Transportation Center, and Fern Rock Transportation are within close proximity to the site affording residents access to Center City Philadelphia and the surrounding suburbs. LaSalle University, Germantown Friends School, Einstein Medical Center, Drexel University College of Medicine, Thomas Jefferson University-East Falls, Temple University Hospital, and the Germantown Cricket Club are all within 3± miles of the property.

Germantown is a historic neighborhood in Philadelphia filled with historic sites and cobblestone roads that has gained prominence by offering convenient access to Center City Philadelphia as well as proximity to recreational activities along the Schuylkill River and Fairmount Park. The retail corridors on Chelten Avenue and Germantown Avenue have seen an influx of new tenants and is home to many national brands including Dunkin, KFC, Rite Aid, Planet Fitness, IGA, PNC Bank, and Walgreens.

Philadelphia’s Germantown areas have seen a recent boom in development including apartment projects, such as Alden Park, Rittenhouse Hill, and Chelten Lofts. In addition, the new Wayne Junction Mixed-Use project is about two miles from the subject property. Ken Weinstein, president of Philly Office Retail and owner of The Trolley Car Diner, has invested roughly $12 million to revitalize the area. In total, 122,581 square feet of old buildings and vacant lots will be redeveloped to create new office space, apartments, and a vintage trolley-car style dinner in the area.

This is a rare opportunity to acquire a shovel-ready project with the full 10-year tax abatement in an appreciating Philadelphia neighborhood at one of the lowest costs per unit available.

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Location

  • Walk Score ® Very Walkable (80)
  • Transit Score ® Good Transit (60)
  • Bike Score ® Bikeable (55)
Powered by Walk Score ®
  • City Philadelphia, PA
  • Neighborhood East Germantown
  • Zip Code 19138
  • Market Philadelphia

Points of Interest

Chelten Avenue

1.48 miles

Hunting Park

2.06 miles

Lawndale

3.15 miles

Shannon Cab Co.

3.77 miles

Glenside Taxi

4.37 miles

Cecil B Moore Station (Northbound)

4.61 miles

Cecil B Moore Station (Southbound)

4.61 miles

Cecil B. Moore Station (Northbound)

4.63 miles

Girard Avenue & 39th Street

5.34 miles

Girard Avenue & 2nd Street

5.40 miles

Sunoco

1.70 miles

eVgo

2.34 miles

ChargePoint

2.51 miles

Sunoco

3.91 miles

J&H Car Charging Station

4.26 miles

Shell

4.48 miles

Lukoil

4.77 miles

eVgo

5.17 miles

Gulf

6.33 miles

Wawa

6.91 miles

Pennsbury Parking Lot

1.08 miles

Willowcrest lot

1.26 miles

Blue Bell Park

2.00 miles

Lot 10

2.03 miles

Lot 3

3.14 miles

Lot 1

3.26 miles

The AutoPark at the Gallery Mall

6.43 miles

Midtown Garage

6.58 miles

Visitor Parking

7.87 miles

Lot A

9.80 miles

The Nile Cafe

0.93 miles

Dunkin'

1.24 miles

Checkers

2.51 miles

Wingstop

3.69 miles

captain hook's

4.07 miles

Subway

4.61 miles

Burger King

4.81 miles

Scoogi's Classic Italian

5.44 miles

Osteria

5.58 miles

New York Gyro

5.75 miles

Thurgood Marshall School

1.81 miles

Little Flower High School

2.41 miles

Arcadia University

3.15 miles

Lancaster Bible College | Capital Seminary & Graduate School

3.39 miles

Bishop Mcdevitt High School

3.50 miles

Engineering Building

4.40 miles

Chestnut Hill College

4.40 miles

Temple University

4.48 miles

Klein Law Building

4.56 miles

Smedley School

5.01 miles

Johnson Child Care Center

0.67 miles

Germantown Day School

0.96 miles

Brightside Academy

1.19 miles

TLC TOO of the Northeast Community Center for MH/MR

1.28 miles

Porter's Day Care

1.67 miles

Little Lights of the World

2.13 miles

Brightside Academy

2.21 miles

Adolfina Villanueva Child Development Center

3.65 miles

Stepping Stones Learning Academy

4.47 miles

Norris Square Community Alliance Head Start Center

4.68 miles

Contacts

broker

Kyle McShane

Rittenhouse Realty Advisors

(215) 454-2921

broker

Ken Wellar

(215) 454-2879 x 267324

broker

Corey Lonberger

(215) 454-2878 x 267324

broker

Mark Duszak

(215) 454-2884 x 267324

broker

Douglas Emrich

(215) 454-2889 x 267324

Highlights

  • Shovel-Ready Development Opportunity: Fully Approved for (23) Two-Bedroom Units and 1,400 SF Commercial Space
  • Real Estate Tax Abatement: Full 10-Year Abatement for New Construction Improvements
  • Strategically Located: Convenient to Center City Philadelphia and Surrounding Suburbs
  • Close to Transit & Major Arteries: Proximity to SEPTA Bus Routes and Regional Rail, Germantown Avenue, Chelten Avenue, North Broad Street and Route 1 (Roosevelt Boulevard)

Contact 23-Unit Shovel Ready Development Opportunity

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