304 Cherry St - Residential LAND FOR SALE


Philadelphia, PA 19106- Old City1,681 SF
$1,200,000 USD
267-546-1731
304 Cherry St, Philadelphia, PA for Sale
$1,200,000 USD
Residential LAND - FOR SALE
1/4
1,681 SF

304 Cherry St
Philadelphia, PA 19106
Old City


HIGHLIGHTS

  • The site is zoned CMX-3 and is currently 6 individual condominium parking space.
  • If a prospective buyer would prefer to develop the site, the sellers would sign a consolidated deed and sell the site as one parcel.
  • The property is surrounded by numerous thriving bars, restaurants, and retail shops.
  • New apartments and condos propagate even as rents and prices per square foot rise.
  • At last count, 1,300 new luxury condos and townhouses were approved, under construction or just finished.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/ACRE

$31,095,776/AC

PRICE/SF

$714 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

304 Cherry St

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Single Family Development

LAND ACRES

0.04 AC

LAND SF

1,681 SF

OFFSITE IMPROVEMENTS

-

ZONING

CMX3

APN/PARCEL ID

888059586

ASK ABOUT THIS PROPERTY

Chris CiminoMPN RealtyMore Info
267-546-1731

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Chris CiminoMPN RealtyMore Info
267-546-1731

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.