MLS® ID: PAPH838526

2337 PENNSYLVANIA AVENUE

PHILADELPHIA, Pennsylvania, 19130

$2,999,000 Active
  • 4 Beds
  • 3 Baths
  • 2040 SQFT
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!
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Listing courtesy of BHHS Fox & Roach-Center City Walnut

Amenities

  • Full baths
    3
  • Half baths
    0
  • Full Baths Range
    3 Baths
  • Total Baths
    3
  • Zip
    19130
  • Office name
    BHHS Fox & Roach-Center City Walnut
  • Subdivision
    FAIRMOUNT
  • SQFT
    2040
  • Bedrooms
    4
  • Property type
    Residential
  • Zoning type
    RSA5
  • School district
    THE SCHOOL DISTRICT OF PHILADELPHIA
  • Year built
    1975
  • Lot size
    0.11
  • Sewer
    Public Sewer
  • Heating
    Other
  • Agent name
    Justin Kane
  • Purchase Type
    Active
  • Price Range
    $2m+
  • Square Feet Range
    2000-2500 sq ft.
  • Bedrooms Range
    4 Beds
  • Year Built Range
    1989 (and earlier)
  • Office ID
    61039
  • Agent ID
    3215054

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