4021-25 Market St Philadelphia, PA 19104

Located in the heart of University City, the property at 4021-25 Market Street & 4024-26 Filbert Street presents a development opportunity. The property comprises three parcels, each with two-story buildings and basements, interconnected by stairwells and doorway openings. The Market Street parcels offer 60' of frontage, extending from Market Street to Filbert Street, with garage access at the rear. The Filbert Street property extends approximately half the block's length towards Market Street. Currently, a furniture store leases the property on a month-to-month basis, requiring a 30-day notice to vacate. Zoned CMX-4, the properties allow for diverse development, including multi-family housing, adult and child care facilities, community centers, government administration offices, business and professional offices, retail and restaurant spaces, and research and development businesses. The location within a Qualified Opportunity Zone offers investors a potential deferral of capital gains tax payments until 2026. The SEPTA Market-Frankford subway line, with a station at 40th Street, is half a block away, providing access to the 69th Street Transportation Center, Center City, and other Philadelphia locations. The properties are situated in a Mixed Income Overlay District, featuring a large open floor plan, 16' ceiling heights, rear loading access off Filbert Street, a large basement, and wide staircases. The location is pedestrian and biker-friendly, with access to the Market Street bike lane. Nearby neighbors include Penn Medicine, University of Pennsylvania, Drexel University, HUB on Chestnut, The Radian, Shoppes at Penn, Ronald McDonald House and various restaurants.