- For Sale $2,200,000
- Property Type Multi-Family
- Units 0
- Lot Size 86,575 SF
- Date Updated Apr 25, 2024
Located between Temple University's main campus and Temple University's medical campus, this development project provides the rare opportunity to acquire a property with the ability to attract student tenants from both campuses.
Rarely in this aggressive market does the investment opportunity present itself, where a roughly two acre parcel of undeveloped land, situated in a central urban location, can be acquired for an acquisition cost of less than $25 per square foot. This low acquisition cost facilitates a variety of viable development opportunities.
This site could capitalize on the train stations citywide access via SEPTA's Regional Rail system and its Amtrak link to New York, as well its location barley a half-mile north of Temple University's main campus and just a few blocks south of its Health Sciences Center complex. This site was previously approved for two hundred fifty nine units, for assisted living or market rate housing.
While those approvals have expired, they can be reinstated but would have to go through the variance process again.
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Contacts
Andre Watson
KW Commercial | Philadelphia | Center City
Location
Getting Around
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Walk Score ®
Walker's Paradise (100) -
Transit Score ®
Rider's Paradise (100) -
Bike Score ®
Very Bikeable (79)
- City Philadelphia, PA
- Neighborhood Market East
- Market Philadelphia
Points of Interest
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15th Street
0.01 miles
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City Hall
0.07 miles
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Broad Street Line Entrance
0.08 miles
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Suburban Station
0.16 miles
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13th Street
0.20 miles
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Eastbound MFL Entrance
0.21 miles
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Walnut-Locust
0.26 miles
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15th-16th & Locust
0.30 miles
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Race-Vine
0.33 miles
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11th Street
0.37 miles
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Sunoco
0.66 miles
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Sunoco
0.83 miles
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Sunoco
1.15 miles
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Sunoco
1.16 miles
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Gulf
1.21 miles
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Lukoil
1.26 miles
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BP gas
1.36 miles
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BP
1.39 miles
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Liberty
1.47 miles
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Sunnoco
1.48 miles
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LOVE Park Parking Garage
0.13 miles
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Midtown Garage
0.14 miles
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Convention Center Parking Facility
0.18 miles
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The Lift at Juniper
0.21 miles
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Convention Center Parking
0.25 miles
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12th and Filbert Garage
0.25 miles
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Parkway Building
0.27 miles
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Sonesta Hotel Garage
0.28 miles
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1818 Market Street Garage
0.32 miles
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12th & Walnut Garage
0.32 miles
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Wok Works
0.04 miles
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Dunkin'
0.10 miles
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Wendy's
0.10 miles
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Five Guys
0.11 miles
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Del Frisco's
0.11 miles
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Smoothie King
0.14 miles
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Auntie Anne's
0.14 miles
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Au Bon Pain
0.15 miles
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The Capital Grille
0.15 miles
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Old Nelson
0.15 miles
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Philadelphia Classical School
0.22 miles
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Drexel University College of Nursing and Health Professions
0.26 miles
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Friends Select School
0.28 miles
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Drexel University College Of Medicine
0.28 miles
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Thomas R. Kline School of Law
0.30 miles
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Drexel University - Center City Campus
0.35 miles
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Curtis Institute of Music
0.39 miles
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Russell Byers Charter School
0.41 miles
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Roman Catholic High School for Boys
0.42 miles
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University of the Arts
0.45 miles
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Right Steps
0.29 miles
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Little Scholars Academy
0.37 miles
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Chinatown Learning Center
0.50 miles
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Moonstone Preschool
0.85 miles
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Point Breeze Head Start Center
1.30 miles
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Shake Rattle Roll Inc
1.39 miles
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Caring Center Pre-K
1.42 miles
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The Joshua Tree Early Learning Center
1.43 miles
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Acelero Learning
1.47 miles
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Acelero Learning
1.68 miles
Contact Listing Broker
Andre Watson
KW Commercial | Philadelphia | Center City