2401 North StPhiladelphia, PA 19133

Property Details for 2401 North St

Property type

Apartment buildings

Description

This exceptional 86,575 sq ft lot in Philadelphia, PA (zip code 19133), presents a unique multifamily development opportunity. Located just a short walk from Temple University's main and medical campuses, this two-acre parcel offers unparalleled access to a large student population. Previously approved for 259 assisted living or market-rate housing units (approvals expired, but reinstatement is possible), this site boasts a low acquisition cost of under $25 per square foot, making it financially attractive for various development projects. Its central urban location provides convenient access to SEPTA's Regional Rail system and Amtrak, connecting to New York City. The asking price is $2,200,000, with a price per unit of $19,298.25 based on the previously approved unit count. The property's address is 2401 North St, Philadelphia, Philadelphia County, Pennsylvania. This is a rare chance to acquire a substantial land parcel in a high-demand area with significant potential for substantial returns. The site's proximity to major transportation hubs and educational institutions makes it an ideal location for a variety of housing developments. Investors should note that while previous approvals exist, the variance process will need to be repeated for any new development plans.

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9938

Longitude

-75.1399

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].