709-17 N Penn St, Philadelphia, PA, 19123

709-17 N Penn St, Philadelphia, PA, 19123 < >
for sale
$15,500,000
Status:Active
MLS #:PAPH2182378
Date Updated:
For information contact:
MGC Real Estate Group
215-928-0221
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Go See This Property
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.
Exterior Details
Lot Size Acres: 0.00Lot SQFT: 0.00
Navigable Water YN: N

Community Information
HOA YN: NCounty: PHILADELPHIA
MLS Area: 19123 (19123)Zoning: CMX3
Municipality: PHILADELPHIA

School Details
School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Property Information From MLS Data
DOM: 485Property 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: Jim Onesti
List Office Name: KW Empower
List Office Phone: 2156273500

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Monthly Payment for 709-17 N Penn 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:$15,500,000
Down Payment:
Loan Amount:$12,400,000
Loan Type:30 year fixed at %
Principal & Interest:
Property Taxes: (1.5%)
Homeowner's Insurance:
Total Payment:
Listing courtesy of Jim Onesti, KW Empower
Information obtained from Bright MLS is current as of 4/18/2024 7:28 PM. 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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