By-Right Development Opportunity 3414 Mascher St

On behalf of Ownership, GREA offers qualified investors the opportunity to acquire the fee simple interest in 3414-26 N. Mascher Street in Philadelphia. The site is a total of 6,076 square feet zoned RM-1.
This offering presents new ownership the opportunity to develop 13 new apartment units “by-right” in a dense residential pocket of Kensington. The property is within 0.5 miles of St. Christopher's Hospital for Children and 1.5 miles from Temple University Hospital and Temple University— both large employers in the Philadelphia MSA.
The site is two blocks north of Allegheny Avenue, a major retail corridor servicing the Harrowgate, Kensington, and Allegheny West neighborhoods. National retailers such as Save-A-Lot, KFC, and Family Dollar call Allegheny Avenue home.
The property is ±1 mile from the Allegheny Station on the SEPTA Market Frankford Line carrying commuters to Center City Philadelphia and the surrounding suburbs. Furthermore, future tenants will have direct access to Interstates 95, 76, and 676 via Allegheny Avenue and Route 1 (Roosevelt Boulevard via Broad Street. The property is conveniently located between major transportation routes providing commuters access to the entire Philadelphia MSA.