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5235-39 Chestnut - Entitled 204-Unit QOZ Development Site

0.64 Acres of Commercial Land Offered at $5,930,650 CAD in Philadelphia, PA 19139

Commercial Land Pennsylvania Philadelphia 5235-39 Chestnut, Philadelphia, PA 19139

EXECUTIVE SUMMARY

OCF Realty Commercial is proud to present 5235 Chestnut Street, an entitled development site for a transit-oriented, 204-unit multifamily development in the heart of West Philadelphia, located within a Qualified Opportunity Zone. This development will be a game-changer for this part of West Philadelphia, offering new apartment units in a high-demand area of the city, with easy access to transit and access to the historic 52nd Street Commercial Corridor, known as “West Philadelphia’s Main Street”. This exciting offering is a great opportunity for developers and investors to build a first-class apartment development on a long-vacant parcel.

ATTACHMENTS

5235 Chestnut OM 9-18-24 1604

PROPERTY FACTS

Price $5,930,650 CAD Proposed Use Apartment Units
Sale Type Investment Total Lot Size 0.64 AC
No. Lots 1 Cross Streets 30-36 S 52nd St
Property Type Land Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype Commercial
Price $5,930,650 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Apartment Units
Total Lot Size 0.64 AC
Cross Streets 30-36 S 52nd St
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 LOT AVAILABLE

Lot

Price $5,930,650 CAD Lot Size 0.64 AC
Price Per AC $9,266,640.26 CAD
Price $5,930,650 CAD
Price Per AC $9,266,640.26 CAD
Lot Size 0.64 AC
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Walk Score®
Very Walkable (89)
Transit Score®
Excellent Transit (73)
Bike Score®
Biker's Paradise (92)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

ZONING

Zoning Code CMX-4
CMX-4
(215) 805-8620

CONTACT

  • Listing ID: 33534787

  • Date on Market: 2024-10-16

  • Last Updated:

  • Address: 5235-39 Chestnut, Philadelphia, PA 19139

The Cobbs Creek Land Property at 5235-39 Chestnut, Philadelphia, PA 19139 is currently available. Contact OCF Realty LLC for more information.

LAND PROPERTIES IN NEARBY NEIGHBORHOODS

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5235-39 Chestnut - Entitled 204-Unit QOZ Development Site
(215) 805-8620 x

5235-39 Chestnut - Entitled 204-Unit QOZ Development Site

Dennis Carlisle

(215) 805-8620

(215) 805-8620

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