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5827 Morris st 0.49 Acres of Industrial Land Offered at $1,528,472 CAD in Philadelphia, PA 19144
Investment Highlights
- Land Investment Opportunity
- Established Philadelphia address with long-term value potential
- Suitable for hold, reposition, or redevelopment scenarios
- Flexible site for redevelopment or adaptive reuse
- Ideal for investors seeking a customizable property strategy
- Compact footprint supports efficient site planning
Executive Summary
Property Facts
1 Lot Available
Lot
| Price | $1,528,472 CAD | Lot Size | 0.49 AC |
| Price Per AC | $3,147,406.88 CAD |
| Price | $1,528,472 CAD |
| Price Per AC | $3,147,406.88 CAD |
| Lot Size | 0.49 AC |
This 1,720 SF parcel offers a flexible footprint suited for redevelopment, or long-term hold strategies. The property provides a tangible existing structure that may support adaptive reuse or serve as a foundation for future site planning.
Description
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.
Property Taxes
| Parcel Number | 884352581 | Improvements Assessment | $27,012 CAD |
| Land Assessment | $242,689 CAD | Total Assessment | $269,700 CAD |
Property Taxes
Presented by
5827 Morris st
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