MPN Realty is proud to exclusively present the sale of 304 Cherry Street Philadelphia, PA 19106. The site is zoned CMX-3 and is currently 6 individual condominium parking spaces. The parking spaces are rented on a month-to-month basis.
The sellers had a zoning permit in 2015 approved for the following:
- (2) Single Family Homes
- 6-Stories Each
- (1) Covered Parking Spot Each
- Zoning documents that were previously approved are linked in the Marketing Brochure.
If a prospective buyer would prefer to develop the site, the sellers would sign a consolidated deed (already drafted and available) and sell the site as one parcel. The CMX-3 zoning is a favorable zoning that allows for commercial mixed-use development, by right. In order for a buyer to obtain a zoning permit to build (2) Single Family Houses, they would need to re-submit architectural drawings to the City of Philadelphia for approvals. Any prospective buyer should engage an architect for development possibilities.