246 S 59th Street, Philadelphia, PA 19139

Description

246 S 59th St | Philadelphia, PA 19139

Rare opportunity to acquire a fully approved 96-unit mixed-use development site in the heart of West Philadelphia. This CMX-2 zoned project comes with approved zoning plans and architectural drawings already completed, saving a developer significant time and entitlement risk.

The approved plans call for:
• 96 residential units
• 2 commercial spaces
• 6 parking spaces
• 34 bike parking spaces
• Approx. 76,986 GSF development

The project utilizes both the Green Roof Density Bonus and Mixed Income Housing Bonus, allowing for increased scale in a rapidly developing corridor near University City.

Located on a large corner footprint with strong visibility and easy access to public transportation, this site is ideally positioned for a long-term hold, build-to-rent strategy, affordable housing component, or institutional multifamily development.

Property highlights:
• Fully approved zoning permit
• Architectural plans included
• CMX-2 zoning
• Large ±28,538 SF lot
• Strong rental market
• Transit-oriented location
• Tax abatement potential
• Significant scale in growing West Philly corridor

This is an outstanding opportunity for developers looking to capitalize on one of Philadelphia’s strongest rental and redevelopment markets.

Full zoning package, plans, and due diligence available upon request.