5827 Morris St, Philadelphia, PA 19144

Description

Presenting the exclusive sale of 5827 Morris Street, located in the Germantown submarket of Philadelphia. The property is zoned CMX-2 and CMX-3, providing flexibility for a variety of mixed-use and multifamily development concepts, subject to applicable approvals. The lot is ±21k SF, with a ±1,700 SF commercial building on site. Up to 53 units could be built by-right based on CMX-2 zoning (with a green roof bonus); while up to 66 units could be built based on CMX-3 zoning per a feasibility study conducted by a local architect. (Buyer to conduct their own diligence on zoning and density calculations.)

With favorable zoning, meaningful tax incentives, and a location within one of Northwest Philadelphia’s established and growing neighborhoods, 5827 Morris Street represents an exceptional opportunity for developers and investors seeking to deliver a high-quality mixed-use project in a supply-constrained market.

Positioned just minutes from the Chelten Avenue SEPTA Regional Rail Station, the property offers convenient access to Center City Philadelphia and the broader regional transit network, making it well suited for transit-oriented residential development. The surrounding Chelten Avenue corridor has experienced a wave of recent investment, with several newly completed and under-construction multifamily developments reinforcing the neighborhood’s ongoing revitalization and growing appeal. Continued public and private investment, combined with strong transit connectivity and walkable neighborhood amenities, has established Germantown as an increasingly attractive destination for both residents and developers.

The offering presents a compelling opportunity to capitalize on Philadelphia’s continued demand for new residential and mixed-use projects. New construction may qualify for the City’s 10-year property tax abatement (Ordinance 1456-A), enhancing long-term investment returns. Additionally, the property is located within a census tract identified as potentially eligible under proposed Opportunity Zone successor legislation (“QOZ 2.0”), creating the potential for future tax-advantaged investment benefits should the legislation be enacted.

Environmental reports available upon request. Remediation required, estimated at ±$50,000. Inquire for details.

*Qualified Opportunity Zone status is subject to confirmation and may change under future federal redesignation cycles. Prospective purchasers and investors should independently verify current QOZ eligibility and consult their tax advisor prior to relying on any related tax benefits.