2811 Kingston StPhiladelphia, PA 19134

This exceptional 19,946 square foot development site in Philadelphia's Port Richmond neighborhood presents a unique investment opportunity. Located at 2811 Kingston Street, this fully approved residential project boasts pre-approved plans and permits for a seventeen-unit townhouse community. Each unit is designed as a spacious four-bedroom, three-and-a-half-bathroom home exceeding 2000 square feet, complete with garage and driveway parking, plus rooftop terraces. The property benefits from an RSA5 zoning designation and is situated on a prominent corner lot. Port Richmond is experiencing rapid growth in residential demand, offering convenient access to downtown Philadelphia and excellent public transportation links to Pennsylvania, New Jersey, and New York. This Qualified Opportunity Zone (QOZ) property includes a ten-year tax abatement, providing significant financial advantages. The comprehensive package includes plans, permits, and a pro forma financial analysis available upon request. This is a turnkey opportunity to capitalize on the QOZ benefits and build a high-value residential community in a thriving Philadelphia neighborhood. Note that the rendering is for illustrative purposes only. The asking price is $1,700,000.