This lot is located in the heart of the Spruce Hill neighborhood in University City. It is within walking distance of public transportation, parks, schools, shopping, fine dining, and local attractions. The property is situated in a risk-free occupancy rental zone and is currently operated as a "monthly proviso" permitted parking lot with 38 spaces. The CMX-2 zoning allows the lot to be optimized with by-right projects, including 38 two-bedroom units, 14 townhomes, or other mixed commercial uses. The land is eligible for city abatements, LEED program certifications, and height variances. The University of Pennsylvania, Drexel University, Philadelphia College of Pharmacy, UPenn Veterinary School, and Dental School are all within walking distance.