0.14 Acres of Land for Sale in Philadelphia, Pennsylvania

price

$940,000|Listed: Jun 1, 2026

MLS#370850681

location

2254 N 3RD STREET, Philadelphia, Pennsylvania

Status:Active

Property Type

    Acreage

    0.14 acres

    Format

    Sale

    Description

    Rare corner development opportunity in Norris Square featuring approved zoning plans and permits for a mixed-use building with 27 residential units and 1 commercial space, located within a Qualified Opportunity Zone (QOZ). The approved unit mix consists of 17 two-bedroom/two-bath units, 10 one-bedroom/one-bath units, and a ground-floor commercial space.

    The property currently includes a 6,120 SF masonry and steel building with high ceilings and two overhead doors, offering immediate flexibility for owner-users, storage, light industrial use, or rental income while development plans are executed. The existing zoning permit remains active through February 2029, allowing ample time to move forward with construction.

    In addition to the approved plans, a by-right alternative development concept has been prepared for 32 residential units plus 1 commercial space, consisting of 12 two-bedroom/two-bath units, 12 one-bedroom/one-bath units, and 8 studio apartments, providing additional density potential without requiring zoning relief.

    An exceptional opportunity for developers and investors seeking a new construction project with long-term upside in one of Philadelphia's rapidly evolving neighborhoods

    Listing Agent

    img

    Christopher Somers

    company

    KW Empower

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    Boa Safra - Farm Credit Partner
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