Fully Approved Multifamily Redevelopment Opportunity
2516-18 N 5th St
Philadelphia, PA 19133
Highlights
- 7 Unit Redevelopment
- Fully Approved with Plans and Renderings
- Proximity to Fishtown and Northern Liberties
- Transit Oriented - only 0.5± Mile from York-Dauphin Subway Station
Description
Prime multifamily redevelopment redevelopment opportunity available in the booming West Kensington section of Philadelphia. This fully approved project located at 2516-18 North 5th Street includes a full set of plans for the conversion of an existing structure into 6 oversized apartment units and 1 single-family residence. Additionally, the approved plan includes 1 private parking space, a rare and highly desirable amenity in the submarket.
The property is comprised of two street-to-street, RM-1 zoned parcels totaling 5,004 square feet of land with three existing structures on the site. With fully approved plans and renderings in place, a new operator will be able to move forward with the redevelopment plan quickly after closing.
The property is situated in a booming area of West Kensington that is experiencing a massive waive of investment and development activity due to its transit accessibility and proximity to major commercial corridors in Fishtown and Northern Liberties, as well as Temple University.
Located in the booming West Kensington section of Philadelphia
