246 S 59th St 1.77 Acres of Residential Land Offered at $1,345,000 in Philadelphia, PA 19139

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INVESTMENT HIGHLIGHTS

98 Rental Units

3 Commercial

EXECUTIVE SUMMARY

Opportunity to Build !!!!
One of the last grandfathered-in and approved CMX2 Zonings in the Area.
It is a great Rental Project with lots of upsides or great for an ample commercial building.
The Lot is approved to build 98 rental units and 3 commercial spaces on the ground floor.
Unit count, sizes, and layouts can be easily adjusted in the construction drawings.
Design and Zoning approved
Full Community Board Support

246 S 59th St_SD set

FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access	ANNUAL	ANNUAL PER AC
Gross Rental Income	$99,999	$9.99
Other Income	$99,999	$9.99
Vacancy Loss	$99,999	$9.99
Effective Gross Income	$99,999	$9.99
Taxes	$99,999	$9.99
Operating Expenses	$99,999	$9.99
Total Expenses	$99,999	$9.99
Net Operating Income	$99,999	$9.99

PROPERTY FACTS

Price	$1,345,000
Sale Type	Investment or Owner User
Sale Conditions	High Vacancy Property Redevelopment Project Building in Shell Condition
No. Lots	1
Property Type	Land
Property Subtype	Residential
Proposed Use	Commercial Auto Repair
Total Lot Size	1.77 AC
No. Stories	1
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	CMX2 - Commercial Mixed Use

1 LOT AVAILABLE

Lot

Price	$1,345,000
Price Per AC	$760,885.61
Lot Size	1.77 AC

Great Rental Project , Design, and Zoning Approved !!!! 77,000sqft

1 of 1

Walk Score®

Very Walkable (76)

Transit Score®

Excellent Transit (71)

Bike Score®

Biker's Paradise (90)

PROPERTY TAXES

Parcel Number	882969330	Total Assessment	$455,300
Land Assessment	$318,710	Annual Taxes	($1)
Improvements Assessment	$136,590	Tax Year	2025

CONTACT

Felix Ellinson
246 S59 st LLC

Listing ID: 35112061
Date on Market: 3/12/2025
Last Updated: 8/18/2025
Address: 246 S 59th St, Philadelphia, PA 19139

Still interested?