• For Sale
  • GBP 2,158,162 
  • Property Type: Vacant Land
On behalf of ownership, pleased to present this unrivaled development opportunity with unobstructed, front facing views of both the Museum of Arts and the Rocky statue. A 4798sqft site, currently subdivided into (3) parcels (2337-2339-2341 Penn Ave) holding an rsa5 distinction. With ample development scenarios in play, 2341 Penn Ave presently seats a 2040sqft single family/office structure that is deemed historic, albeit non contributing, so it may be renovated, taken down to allow for new construction or rezoned multifamily. (3) 3100sqft+ homes may be constructed by right, with the possibility in receiving a variance for an additional single family or converted to a multifamily designation (buyer responsible for approvals along with all due diligence). This opportunity is anchored by neighboring Green Street Estates that sold out in a 10 month span (estimated $1,600,000-$2,400,000 outsale per home). Expected outsale for this Pennsylvania Ave assemblage once constructed: $1,900,000-$2,100,000 per home. Anticipated ROI; 14-17%. There may never be another opportunity to build 3 contiguous, new construction homes in this vicinity again!

2337 Pennsylvania Avenue 41, Philadelphia, Pennsylvania, United States is a Philadelphia luxury Vacant Land listed for sale 2,790,000 USD. This high end Philadelphia Vacant Land is comprised of N/A bedrooms and N/A baths. Find more luxury properties in Philadelphia or search for luxury properties for sale in Philadelphia.