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709-17 N Penn Street, Philadelphia, PA 19123
$15,500,000
709-17 N Penn Street, Philadelphia, PA 19123View this property at 709-17 N Penn Street, Philadelphia, PA 19123
709-17 N Penn StreetPhiladelphiaPA19123
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Property Description
Amazing development opportunity for resale or a long term hold currently being offered at $15,500,000 OR purchase half the development. Buy and build the (47) unit multi unit side of the development or buy and build the (12) luxury townhome side of the development - Inquire about separate pricing. **Seller would purchase back your first two townhomes to help you with pre-sales. **Seller is open to owner financing. **Seller is willing to get creative in order to make this project as lucrative as possible for the developer or get you into the deal with less cash out of pocket. Build 60 units on the water, in Center City, by right - all within zoning code! High density, these numbers just make sense with a projected resale value of $68,000,000. The waterfront site consists of a 47 unit building, 12 luxury townhomes, as well as a separate one-story commercial space plus 35 additional parking spaces in addition to the two car garage townhomes. Can build 84 ft (7 stories is the plan). Approval submitted the first week in April 2022 - referral for CDR + REO approved. Zoning Permits 3-4 Months - Prelim StormWater Approvals obtained. Geotech report, phase 1 and phase 2 environmental test available for review. Billions of dollars of development on the waterfront surrounding this project.
Full Property Details
Full Property Details for 709-17 N Penn St
General
- Price: $15,500,000
- Taxes: $65,492 (2023)
- Status: Active
- Type: Lots/Land
- MLS ID: PAPH2182378
- Updated: 2/12/2024
- Added to Site: 519 day(s) ago
Location
- Area: 19123 (19123)
- Municipality: PHILADELPHIA
- County: Philadelphia
- Driving Directions: Spring Garden St to N Delaware Ave to N Penn Ave.
School Information
- School District: The School District Of Philadelphia
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Stories/Levels: 0
- Current Bldg. Use: Other
Lot Features
- Lot Size Source: Estimated
- Lot Dimensions: 140.00 x 624.00
- Zoning: CMX3
Financial Considerations
- Assessment Year: 2023
- School Tax: $35,937
- City/TownTax: $29,555
- City/TownTax Freq: Annually
- Tax w/Assessment: $4,678,700
- Tax Amount: $65,492
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
- Lot Number: 9
Listed by KW Empower, Jim Onesti
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Schools
Schools serving 709-17 N Penn St
School District:The School District Of Philadelphia
Rating | Name | Grades | Distance |
---|---|---|---|
601 Fairmount Ave, Philadelphia, PA 19123 | K-8 | 0.7 mi | |
550 N Broad St, Philadelphia, PA 19130 | 9-12 | 1.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 709-17 N Penn St
Date
Details
Price
Change
Source
11/28/2022
Listed
$15,500,000
146.03%
MLS
10/12/2017
Sold
$6,300,000
—
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 709-17 N Penn St
Year
Property Taxes
Change
Tax Assessment
Change
2021
$72,769
11%
-100%
2023
$65,492
-10%
$4,678,700
-10%
2020
$72,769
—
$5,198,500
—
2019
$72,769
110%
$5,198,500
110%
2018
$34,728
18%
$2,480,900
18%
2017
$29,396
—
$2,100,000
—
2016
$29,396
4%
$2,100,000
—
2015
$28,140
—
$2,100,000
—
2014
$28,140
-57%
$2,100,000
212%
2013
$65,661
—
$672,000
—
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 709-17 N Penn St
709-17 N Penn Street, Philadelphia, PA 19123 (MLS# PAPH2182378) is a Lots/Land property with a lot size of 0.00 acres. 709-17 N Penn Street is currently listed for $15,500,000 and was received on November 28, 2022. Want to learn more about 709-17 N Penn Street? Do you have questions about finding other Lots/Land real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.