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215-17 south 44th st 0.4 Acres of Commercial Land Offered at $4,530,240 CAD in Philadelphia, PA 19104
Executive Summary
This lot is located in the heart of the Spruce Hill neighborhood in University City.
It is within walking distance of public transportation, parks, schools, shopping, fine dining, and local attractions.
The property is situated in a risk-free occupancy rental zone and is currently operated as a "monthly proviso" permitted parking lot with 38 spaces.
The CMX-2 zoning allows the lot to be optimized with by-right projects, including 38 two-bedroom units, 14 townhomes, or other mixed commercial uses.
The land is eligible for city abatements, LEED program certifications, and height variances.
The University of Pennsylvania, Drexel University, Philadelphia College of Pharmacy, UPenn Veterinary School, and Dental School are all within walking distance.
It is within walking distance of public transportation, parks, schools, shopping, fine dining, and local attractions.
The property is situated in a risk-free occupancy rental zone and is currently operated as a "monthly proviso" permitted parking lot with 38 spaces.
The CMX-2 zoning allows the lot to be optimized with by-right projects, including 38 two-bedroom units, 14 townhomes, or other mixed commercial uses.
The land is eligible for city abatements, LEED program certifications, and height variances.
The University of Pennsylvania, Drexel University, Philadelphia College of Pharmacy, UPenn Veterinary School, and Dental School are all within walking distance.
Property Facts
| Price | $4,530,240 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.40 AC |
| Property Type | Land | ||
| Zoning | CMX-2 - Also zoned RSA-5 | ||
| Price | $4,530,240 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.40 AC |
| Zoning | CMX-2 - Also zoned RSA-5 |
1 Lot Available
Lot
| Price | $4,530,240 CAD | Lot Size | 0.40 AC |
| Price Per AC | $11,276,406.61 CAD |
| Price | $4,530,240 CAD |
| Price Per AC | $11,276,406.61 CAD |
| Lot Size | 0.40 AC |
This currently zoned "monthly proviso" parking lot is zoned CMX-2 Total square footage is approximately 17,500 Located in University City 2 blocks from UPenn Campus This lot is located in the Spruce Hill Neighborhood of University City.
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
70/100
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Presented by
Armen Terzian
215-17 south 44th st
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