2300-12 2nd St st - Residential LAND FOR SALE


Philadelphia, PA 19133- North Philadelphia East15,067 SF
$1,600,000 USD
267-252-0223
2300-12 2nd St st, Philadelphia, PA for Sale
$1,600,000 USD
Residential LAND - FOR SALE
1/12
15,067 SF

2300-12 2nd St st
Philadelphia, PA 19133
North Philadelphia East


HIGHLIGHTS

  • Assembled CMX-2.5 Site | Seven contiguous parcels offering scale and flexible mixed-use development potential.
  • Conceptual Mid-Rise Density with Upside | Illustrative plans depict ~43 units; zoning may allow up to 80 units with bonuses, subject to approval.
  • Illustrative Unit Mix | Conceptual plans depict a mix of studio, one-bedroom, and two-bedroom units, subject to approvals.
  • Prime North 2nd Street Location | Infill site connecting Fishtown, Northern Liberties, and Port Richmond with strong transit access.
  • High-Growth Submarket | Surrounded by active development and sustained neighborhood investment.
  • Potential Tax Advantages | Opportunity Zone designation may provide capital gains tax deferral and long-term tax benefits.

OVERVIEW

SCOPE Commercial Real Estate Services, LLC (“SCOPE”) is pleased to present a unique land development opportunity at 2300–12 N. 2nd Street, consisting of seven (7) contiguous parcels assembled along North 2nd Street in Philadelphia’s rapidly evolving Lower Kensington/Fishtown submarket. The site is zoned CMX-2.5, allowing for a broad range of by-right commercial and mixed-use development options, subject to zoning, design, and City approvals. The property is currently improved with an existing warehouse structure. Buyers are encouraged to perform independent due diligence regarding site conditions and redevelopment considerations. Preliminary conceptual architectural plans illustrate the potential for a five-story multifamily development with a cellar level, depicting up to 43 residential units (subject to final design, zoning compliance, and permitting). The illustrative unit mix includes studio, one-bedroom, and two-bedroom layouts, with total bedroom counts and cellar configurations subject to further review and approval by the City of Philadelphia. Conceptual site plans depict multiple development configurations, including both a contiguous building layout and a multi-building scheme, subject to final design and approvals. With applicable zoning bonuses, the CMX-2.5 designation may allow for increased residential density beyond the illustrative concepts, subject to zoning compliance and City approvals. Cellar-level areas are shown as flexible space in the conceptual plans, with final use, habitability, and bedroom counts to be determined through the design and approval process, including any required Civic Design Review or other City agency approvals. The assembled parcels allow for efficient site planning, vertical construction, and a cohesive building footprint that would be difficult to replicate through individual parcel acquisition. Notably, the property is located within a federally designated Opportunity Zone, which may provide qualifying investors with the ability to defer and potentially reduce capital gains taxes through long-term investment, subject to eligibility and compliance with applicable regulations. Strategically located along North 2nd Street, the property offers convenient access to major transportation corridors connecting Center City, Northern Liberties, Fishtown, and Port Richmond. The site is well served by public transit and provides quick access to I-95 and other major arterials. With favorable zoning, assembled land, and conceptual development studies already completed, 2300–12 N. 2nd Street presents a compelling opportunity for developers to pursue a ground-up multifamily or mixed-use project in one of Philadelphia’s most active growth corridors.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/ACRE

$4,626,042/AC

PRICE/SF

$106 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

2300–12 N 2nd St

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Commercial

LAND ACRES

0.35 AC

LAND SF

15,066 SF

OFFSITE IMPROVEMENTS

-

ZONING

CMX-2.5

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Joe LoonstynHorvath & TremblayMore Info
267-252-0223

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Joe LoonstynHorvath & TremblayMore Info
267-252-0223

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.