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Investment Highlights

  • Fully approved 6-lot residential subdivision
  • Frontage along S. Carlisle Street
  • Approved curb cut from Reed Street
  • RSA-5 zoning approval completed
  • Approved 12’ rear access easement
  • Supports luxury townhouse development

Executive Summary

Approved 6-lot residential subdivision opportunity in the heart of Newbold / Passyunk Crossing. The property is currently identified as 1328–36 S Broad Street and has been subdivided into six approved residential lots with pending addresses of 1331–41 S Carlisle Street. RSA-5 zoning approvals, subdivision approvals, approved deeds, curb cut access from Reed Street, and recorded rear access easements are already in place, significantly reducing entitlement risk and pre-development timelines for an experienced urban residential developer. The site’s unique corner positioning and 12-foot rear access easement create the potential for larger-format luxury residential homes with approximately 2,900+/- square feet of living area and rare two-car rear-access parking configurations. The layout supports a differentiated product type not commonly available in surrounding South Philadelphia infill developments. Located steps from Passyunk Avenue, Broad Street, and Center City Philadelphia, the surrounding market has demonstrated strong absorption for premium new construction product, with nearby luxury residential comps supporting potential outsale pricing exceeding the $1M range depending on final design, specifications, and parking configuration. This is a rare opportunity to acquire a substantially de-risked residential development site in one of Philadelphia’s most consistently active and supply-constrained residential submarkets. Subdivision plans, approved deeds, easement documentation, and zoning information available upon request.

Data Room Click Here to Access

Property Facts

Price $2,474,928 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use Single Family Development
Total Lot Size 0.19 AC
Zoning RSA-5 - RSA-5 approved 6-lot residential subdivision permitting single-family attached townhouse development.

1 Lot Available

Lot

Price $2,474,928 CAD
Price Per AC $13,028,130.54 CAD
Lot Size 0.19 AC

Approved 6-lot residential subdivision located at the northeast corner of S. Carlisle Street and Reed Street in the Newbold / Passyunk Crossing section of Philadelphia. The offering consists of six approved RSA-5 townhouse development parcels with fr

Description

1331–1341 S. Carlisle Street represents a fully approved 6-lot townhouse development opportunity in the rapidly evolving Newbold / Passyunk Crossing section of South Philadelphia. The offering includes six approved RSA-5 development parcels fronting S. Carlisle Street with approved rear vehicular access from Reed Street through a 12’ easement and curb cut configuration. The site supports a larger-format luxury townhouse product with potential for approximately 2,900+/- square foot homes featuring true two-car parking and private outdoor space. The property benefits from strong surrounding residential appreciation, significant nearby redevelopment activity, and immediate proximity to Passyunk Avenue, Broad Street, East Passyunk, and Center City Philadelphia. Subdivision approvals, easement documentation, and curb cut approvals have already been completed, significantly reducing entitlement risk and shortening development timelines for prospective builders or investors. Additional zoning and subdivision documentation available upon request.

Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
90/100
Very bikeable
80/100

Property Taxes

Property Taxes

Parcel Number
885759120
Land Assessment
$1,321,199 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,321,199 CAD
  • Listing ID: 40621612

  • Date on Market: 2026-05-21

  • Last Updated:

  • Address: 1328 S Broad St, Philadelphia, PA 19146

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