309 Callowhill St Philadelphia, PA 19123

This exceptional 26,364 square foot development site is located at 309 Callowhill Street in Philadelphia, Pennsylvania, zoned CMX-3, allowing for high-density development. The property boasts a prominent corner location at 4th and Callowhill Streets, offering excellent visibility and access for potential development. With permitted zoning allowing for a 131,820 square foot development by right, and potential for up to 197,730 square feet with additional bonuses, this site presents a significant opportunity. The site benefits from its proximity to public transportation, including the SEPTA Market Frankford Line, and enjoys unobstructed views of Center City, Old City, and the Delaware River due to its location along I-676. Furthermore, the property's location within a rapidly growing neighborhood, near new grocery stores and existing amenities, enhances its appeal. The property is currently offered for sale by owner, with a fee simple ownership and no long-term leases hindering immediate development. The lease on the property expires April 30, 2027, with a remaining term of 2.5 years. Annual rent increases are set at 3%. Lease options are available. The property's high walk, ride, and bike scores further contribute to its desirability. This is a rare in-fill development opportunity in a booming Philadelphia neighborhood.