1700-6 Race St, Philadelphia, PA, 19103

1700-6 Race St, Philadelphia, PA, 19103 < >
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for sale
$12,500,000
Lot Size:0.14 Acres
Status:Active
MLS #:PAPH2081912
Date Updated:
For information contact:
MGC Real Estate Group
215-928-0221
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Go See This Property
1700 RACE: Trophy development site in Center City Philadelphia overlooking the Benjamin Franklin Parkway (Museum Mile), Cathedral Basilica, Logan Square Park and Comcast global HQ. Over 1M SF in real estate is actively being constructed immediately adjacent to the subject site, next door at Cathedral Square, including world-class offices, apartments, retail. This is the most coveted corner high-rise development parcel in The City of Philadelphia, with a prestigious address and location that cannot be replicated. Previous zoning was approved for a 28-unit 16-storey luxury condo building with underground parking, ground floor retail and garden, 2nd floor wellness center and fitness studio with terrace, panoramic rooftop skyline garden, and 2 penthouses. The 2bd x 2.5ba homes each contain private balconies with an average unit size of 1650 SF. The total proposed building is about 90,000 SF. An alternative plan with a more dense, 56-unit luxury rental apartment building contains a mixture of 1bd (630 SF) and 2bd (920 SF) apartments throughout 83,000 SF in a 16-storey structure. An office building, life sciences building, or hotel could also be constructed by-right / with bonuses according to the CMX4 zoning code. Enquire within for conceptual plans designed by a prominent architectural firm.
Exterior Details
Lot Features: CornerLot Size Acres: 0.14
Lot SQFT: 6006.00Navigable Water YN: N
View: City

Community Information
HOA YN: NCounty: PHILADELPHIA
Cross Street: 17TH STMLS Area: 19103 (19103)
Zoning: CMX4Municipality: PHILADELPHIA

School Details
School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Property Information From MLS Data
DOM: 69Property Sub Type: Land
Vacation Rental YN: N

Financial Information
Sale Type: Standard

Utilities
Sewer Septic: Public SewerWater Source: Public

Listing Information Courtesy of:
List Agent Full Name: Ryan J McManus
List Office Name: Compass Pennsylvania, LLC
List Office Phone: 2674358015

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Monthly Payment for 1700-6 Race St
This is an estimated monthly mortgage payment. Your actual financing will vary depending on your lender, local taxes, credit score and other factors.
Price:$12,500,000
Down Payment:
Loan Amount:$10,000,000
Loan Type:30 year fixed at %
Principal & Interest:
Property Taxes: (1.5%)
Homeowner's Insurance:
Total Payment:
Listing courtesy of Ryan J McManus, Compass Pennsylvania, LLC

Information obtained from Bright MLS is current as of 5/25/2022 12:16 AM. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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