5235-39 Chestnut - Entitled 204-Unit QOZ Development Site
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5235-39 Chestnut - Entitled 204-Unit QOZ Development Site
0.64 Acres of Commercial Land Offered at $5,100,000 in Philadelphia, PA 19139
Executive Summary
OCF Realty Commercial is proud to present 5235 Chestnut Street, an entitled development site for a transit-oriented, 204-unit multifamily development in the heart of West Philadelphia, located within a Qualified Opportunity Zone. This development will be a game-changer for this part of West Philadelphia, offering new apartment units in a high-demand area of the city, with easy access to transit and access to the historic 52nd Street Commercial Corridor, known as “West Philadelphia’s Main Street”. This exciting offering is a great opportunity for developers and investors to build a first-class apartment development on a long-vacant parcel.
Property Facts
Price | $5,100,000 | Proposed Use | Apartment Units |
Sale Type | Investment | Total Lot Size | 0.64 AC |
No. Lots | 1 | Cross Streets | 30-36 S 52nd St |
Property Type | Land | Opportunity Zone |
Yes
|
Property Subtype | Commercial |
Price | $5,100,000 |
Sale Type | Investment |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Commercial |
Proposed Use | Apartment Units |
Total Lot Size | 0.64 AC |
Cross Streets | 30-36 S 52nd St |
Opportunity Zone |
Yes |
1 Lot Available
Lot
Price | $5,100,000 | Lot Size | 0.64 AC |
Price Per AC | $7,968,750 |
Price | $5,100,000 |
Price Per AC | $7,968,750 |
Lot Size | 0.64 AC |
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Walk Score ®
Very Walkable (89)
Transit Score ®
Excellent Transit (73)
Bike Score ®
Biker's Paradise (92)
zoning
Zoning Code | CMX-4 |
CMX-4 |
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5235-39 Chestnut - Entitled 204-Unit QOZ Development Site
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