304 Cherry St Listing Details & Market Data

Old City fulfills the fundamental dictum of profitable real estate investing and retailing: “location, location, location”. The property is surrounded by numerous thriving bars, restaurants, and retail shops. The area is especially busy on First Fridays when Old City becomes the epicenter of an artistic and art-appreciating crowd drawn from nearby neighborhoods and the suburbs.MPN Realty is proud to exclusively present the sale of 304 Cherry Street Philadelphia, PA 19106. The site is zoned CMX-3 and is currently 6 individual condominium parking spaces. The parking spaces are rented on a month-to-month basis. MPN Realty is proud to exclusively present the sale of 304 Cherry Street Philadelphia, PA 19106. The site is zoned CMX-3 and is currently 6 individual condominium parking spaces. The parking spaces are rented on a month-to-month basis. The sellers had a zoning permit in 2015 approved for the following: - (2) Single Family Homes - 6-Stories Each - (1) Covered Parking Spot Each - Zoning documents that were previously approved are linked in the Marketing Brochure. If a prospective buyer would prefer to develop the site, the sellers would sign a consolidated deed (already drafted and available) and sell the site as one parcel. The CMX-3 zoning is a favorable zoning that allows for commercial mixed-use development, by right. In order for a buyer to obtain a zoning permit to build (2) Single Family Houses, they would need to re-submit architectural drawings to the City of Philadelphia for approvals. Any prospective buyer should engage an architect for development possibilities. If a prospective buyer would prefer to develop the site, the sellers would sign a consolidated deed (already drafted and available) and sell the site as one parcel. The CMX-3 zoning is a favorable zoning that allows for commercial mixed-use development, by right. In order for a buyer to obtain a zoning permit to build (2) Single Family Houses, they would need to re-submit architectural drawings to the City of Philadelphia for approvals. Any prospective buyer should engage an architect for development possibilities.