MLS® ID: PAPH725862
330 CECIL B MOORE AVENUE
PHILADELPHIA, Pennsylvania, 19122 $2,300,000
ALL OFFERS DUE BY MARCH 14, 2019 This offering consists of a 14,772~ square feet, shovel-ready parcel of land with approvals for a four-story mixed-use building consisting of 42 efficiently-designed residential units complimented by bookend corner retail spaces. This project is being offered as a true shovel-ready offering with all zoning and plans, allowing a buyer to start construction in early 2019 and qualify for Opportunity Zone tax benefits.Well located on a high visibility five-point intersection in South Kensington, the property is five blocks from Berks Station on SEPTA~s Market-Frankford Line providing access to Center City within 12 minutes. In addition, the property is an easy walk to everything that the exceedingly popular Frankford/Girard Avenue corridors have to offer. This includes the best of Philadelphia~s nightlife such as Frankford Hall, Fette Sau, LaColombe~s flagship location, Johnny Brenda~s, Garage, Martha, Pizza Brain, Wm. Mulherin~s Sons (named a top 50 restaurant in the US by Bon App~tit) and Suraya (voted ~Best New Restaurant of 2018~ by Philadelphia Magazine). In addition to the major business corridor of Frankford/Girard Avenue, the inner Kensington neighborhood is experiencing a resurgence with new bars and restaurants opening alongside established favorites like Caf~ Pho Ga Thanh Thanh, Memphis Taproom, and Cook and Shaker. The demand for high-quality rental buildings in South Kensington/Fishtown is extremely strong. Occupancy in this submarket is robust and typically in the 95% to 100% range. 330 Cecil B Moore Avenue presents a tremendous opportunity to acquire a truly shovel ready development site in a Qualified Opportunity Zone and in one of the hottest neighbor-hoods in Philadelphia.