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$5,100,000
1 Day Online

5235-39 Chestnut St
Philadelphia, PA 19139

For Sale|Land|Active
County:
PHILADELPHIA
Listing courtesy of OCF Realty LLC - Philadelphia

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215-382-7368
5235-39 Chestnut St5235-39 Chestnut St5235-39 Chestnut St5235-39 Chestnut St
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Presenting 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. This development is located within the Mixed Income Neighborhood Overlay, a zoning overlay that requires new construction residential projects to have 20% of units be rent restricted based on a set of specific criteria. This allows this project to be accessible to tenants of different income backgrounds and be a new development that contributes to housing affordability in the community. It also provides opportunities for a developer to pursue certain financial benefits/incentives, including low-income housing tax credits. The property comes with approved zoning permits and plans and is ready for the right builder to get started and bring this part of West Philadelphia into its next exciting chapter!

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Listing Snapshot
Price 
$5,100,000
Days Online 
1 Day
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.64 Acres
Year Built 
N/A
MLS® Number 
PAPH2410760
Status 
Active
Property Tax 
$7,814
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
yesterdayListing first seen online
2 weeks agoListing updated with changes from the MLS®
General Features
Acres 
0.64
Sewer 
Public Sewer
Water Source 
Public
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Exterior Features
Lot Features 
Irregular Lot
Community Features
MLS Area 
19139 (19139)
School District 
PHILADELPHIA CITY
Schools
School District
PHILADELPHIA CITY
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of OCF Realty LLC - Philadelphia

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Neighborhood & Commute
Source: Walkscore
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