2101-2109 W Diamond St, Philadelphia, PA 19121

Description

Rare investor and developer opportunity to acquire FIVE contiguous CMX-2 properties at 2101–2109 W Diamond Street, offered together as one portfolio for $750,000. The assemblage provides approximately 7,905 square feet of land, 85 feet of continuous Diamond Street frontage, and approximately 14,754 square feet of existing above-grade building area, according to public records.

All five properties require complete renovation and are being sold in their present condition. The portfolio includes a prominent corner mixed-use building and adjoining properties previously used for residential, commercial, and neighborhood medical purposes. For decades, the buildings were owned by a local doctor and housed community-serving practices that included primary care, dental, and podiatry offices.

The contiguous parcels and CMX-2 zoning offer investors the opportunity to explore a substantial mixed-use or multifamily repositioning. A preliminary concept contemplates as many as 15 RES UNITS and 5 COMMERCIAL spaces across the portfolio; however, no unit configuration, plans, permits, variances, or development approvals are being represented or included in the sale.

The adjoining properties at 2114–2116 N 21st Street may be added to the Diamond Street portfolio for an additional $100,000, bringing the total package price to $850,000. The 21st Street offering consists of two RSA-5 parcels improved by an existing cinder-block structure. The structure may offer rehabilitation potential or an opportunity for redevelopment, depending on its condition, the buyer’s intended use, and all required approvals.

Directly across Diamond Street, the City of Philadelphia is constructing the approximately $40 million North Central Public Safety Building, which is planned to house the 22nd Police District and a new Police Athletic League Center with a full-size gymnasium, classrooms, community space, green space, and other public improvements. The portfolio is also conveniently located near Temple University, public transportation, and major North Philadelphia institutions.

The five Diamond Street properties must be purchased together. The 21st Street properties are available separately or as an addition to the portfolio. All properties are being sold strictly as-is. Square footage, dimensions, zoning, legal uses, unit counts, licenses, structural condition, renovation costs, and development potential must be independently verified by the buyer and the buyer’s architect, engineer, contractor, zoning professional, and legal counsel.