2258 N 10th Street, Philadelphia, PA 19133

Description

Multifamily Development Opportunity Near Temple University!! What an excellent opportunity to acquire a well-positioned multifamily development site in the rapidly evolving North Philadelphia/Temple University area. 2258 N 10th Street is a vacant parcel offering the ability to develop four residential units by right, providing a straightforward path to a new multifamily project without the need for zoning relief. The property is located just east of Temple University’s Main Campus and only blocks from the Temple University Regional Rail Station at 10th & Berks. The location provides convenient access to Center City and other parts of Philadelphia while placing future residents close to one of the city’s largest universities and employment centers. Beyond the university itself, residents benefit from the growing collection of dining, entertainment and neighborhood amenities surrounding Temple and nearby North Philadelphia. Temple’s campus offers numerous restaurants, cafés, food trucks and everyday conveniences, while popular neighborhood destinations include Maxi’s Pizza, Subs & Bar, Pub Webb and the Liacouras Center for concerts, sporting events and entertainment. The property also provides convenient access toward the restaurants, breweries and nightlife of nearby Olde Kensington and Fishtown. The surrounding area continues to attract residential investment and new construction, making the site well suited for rental housing serving students, university employees, young professionals and other residents looking for convenient access to Temple and Center City. For developers seeking additional scale, the adjoining property at 2260 N 10th Street is also available. Acquiring both parcels creates a larger development footprint with a combined seven residential units plus one commercial unit by right, before considering any additional density that may potentially be available through applicable zoning bonuses. Whether purchased individually or as part of the larger assemblage, 2258 N 10th Street offers an attractive combination of by-right density, transit accessibility, proximity to Temple University and additional development upside.