Description: Property Description:
This Lot is a a corner location of (56,000 SF). The street-to-street parcel is on 5th, Berks and Cadwallader Streets. The properties are all contiguous and form a point at the tip of the block. The property is ready for a residential development. All site plans included. Current Zoning (G-2 variance easy to obtain) w/ Architectual site plans, etc... - $1,316,000 ( plan designed for 28 (17') Units of 2,500 SF avg. @ $47,000 Per) Comparables in the area start at $210,000 - $329,000 per townhome. Plans are being submitted for zoning approval. New condo development accross the street.
Location Description:
The location is great!!! 5 blocks from Northern Liberties, Liberty Walk and numerous new constructions!! 8 blocks from Temple University and all the development going on in that area!! The entire block falls in the N. American St. Empowerment zone project, which enables prospective buyers to obtain cheap financing and city tax breaks. There are three loft conversion apartment buildings in across the street (Sewing factory lofts/Sponge factory/Lamp factory) as well as other new developments with plans in place.
Zoning Description:
ready for residential redevelopment
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