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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
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
Price Per AC $7,968,750
Lot Size 0.64 AC
Walk Score ®
Very Walkable (89)
Transit Score ®
Excellent Transit (73)
Bike Score ®
Biker's Paradise (92)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code CMX-4
CMX-4
  • Listing ID: 33534787

  • Date on Market: 10/16/2024

  • Last Updated:

  • Address: 5235-39 Chestnut, Philadelphia, PA 19139

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