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$1,250,000
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Property Description
Rare 6,400 Sq. Ft. Development Opportunity in Booming Grays Ferry. 2728-34 Federal Street, Philadelphia, PA 19146. Located in the rapidly growing Grays Ferry neighborhood, this expansive 64' x 100' lot (6,400 sq. ft.) presents an incredible opportunity for investors and developers. The property consists of two large garages and an adjacent vacant lot, all zoned I-2, offering a variety of potential uses. Grays Ferry has seen major investment and redevelopment, with Children's Hospital of Philadelphia (CHOP) acquiring nearby properties and significant residential and commercial growth along the Washington Avenue corridor. The area is just minutes from Center City, University City, and Graduate Hospital, making it an ideal location for multi-unit residential development or creative mixed-use projects. Key Highlights: Prime location near major development zones. Zoned I-2 - flexible potential for industrial or residential conversion. Easy access to I-76, Schuylkill River Trail, and public transportation. Close to Fresh Grocer supermarket and neighborhood amenities. Strong demand for new housing in the area With unmatched potential in a high-growth neighborhood, this is a rare chance to secure a large piece of land in one of Philadelphia's most rapidly transforming districts. Don't miss out-schedule a tour today!
Full Property Details
Full Property Details for 2728 Federal St
General
- Price: $1,250,000
- Taxes: $4,165 (2025)
- Status: Active
- Type: Warehouse
- Source: BrightMLSPhilly
- MLS ID: PAPH2578220
- Updated: 3/6/2026
- Added to Site: 78 day(s) ago
Business
- Business Type: Warehouse
Interior
- Flooring: Concrete
Rooms
Bathrooms
- Restrooms: 1
Parking
- Total Spaces: 10
- Parking Type: On Street, Private Garage, Other
Location
- Area: 19146 (19146)
- Municipality: PHILADELPHIA
- County: PHILADELPHIA
- Subdivision: GRAYS FERRY
- Cross Streets: Grays Ferry Ave
- Driving Directions: Located in Grays Ferry, just minutes from Center City, I-76, I-95, and South Philadelphia
Heating & Cooling
- Cooling Type: None
- Heating Type: Other
- Heating Fuel: Electric, Natural Gas Available
- Water Heater: None
Utilities
- Sewer: Public Sewer
- Water: Public, Rainwater Harvesting
- Utility Description: Electric Available, Sewer Available, Water Available
Structural Information
- Construction: Brick
- Roof: Asphalt
- Ceiling Height: 18' to 24'
- Drive-In Doors: 3
- Drive-In Clearance: 12' to 15'
- Building Size: 6400
- Year Built: 1923
- Year Built Source: Assessor
- Property Condition: Good
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.15
- Lot Size (Sq. Ft.): 6,400
- Lot Size Source: Estimated
- Zoning: I2
Financial Considerations
- Price Per Sq. Ft.: $195.31
- For Lease: Yes
- Assessment Year: 2025
- School Tax: $2,332
- City/TownTax: $1,832
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $297,600
- Tax Amount: $4,165
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 43
Listed by The Greene Realty Group, Derek J. Greene
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Schools
Schools serving 2728 Federal St
School District:Philadelphia City School District
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2728 Federal St
Date
Details
Price
Change
Source
1/26/2026
Listed
$1,250,000
7328.54%
MLS
10/14/2010
Sold
$16,827
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2728 Federal St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,166
—
$297,600
—
2024
$4,166
42%
$297,600
100%
2021
$2,930
-18%
-100%
2023
$3,583
22%
$256,000
22%
2020
$2,930
1%
$209,300
1%
2019
$2,912
—
$208,000
—
2018
$2,912
-15%
$208,000
-15%
2017
$3,414
—
$243,900
—
2016
$3,414
4%
$243,900
—
2015
$3,268
—
$243,900
—
2014
$3,268
522%
$243,900
4437%
2013
$525
—
$5,376
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2728 Federal St
2728 Federal Street, Philadelphia, PA 19146 (MLS# PAPH2578220) is a Warehouse property. 2728 Federal Street is currently listed for $1,250,000 and was received on January 26, 2026. Want to learn more about 2728 Federal Street? Do you have questions about finding other Warehouse real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

