4021-25 MARKET Street, Philadelphia, PA 19104

This development opportunity is located in the heart of University City, Philadelphia, at 4021-25 Market Street & 4024-26 Filbert Street. The property consists of three parcels, each featuring two-story buildings with basements, interconnected by stairwells and doorway openings. The Market Street parcels offer 60' of frontage, stretching from Market Street to Filbert Street, with garage access in the rear. The Filbert Street property extends approximately half the block towards Market Street. Currently, a furniture store leases the property on a month-to-month basis, requiring a 30-day notice to vacate. The zoning is CMX-4, allowing for various developments, including multi-family housing, adult and child care facilities, community centers, government administration, business and professional offices, retail and restaurant uses, and research and development businesses. The properties are located in a Qualified Opportunity Zone, offering investors the benefit of deferring capital gains tax payments until 2026. The SEPTA Market-Frankford subway line, with a station at 40th Street just half a block away, provides convenient transportation. This is the busiest SEPTA route, averaging 170,000 boardings per day, running east and west from the 69th Street Transportation Center through Center City, and north and south from N. Front Street to the Frankford Transit Center. The properties are situated in a Mixed Income Overlay District. The property features a large open floor plan, 16' ceiling heights, rear loading access off of Filbert Street, a large basement, and wide staircases. It is pedestrian and biker friendly, with access to the Market Street bike lane. Neighbors include Penn Medicine, University of Pennsylvania, Drexel University, HUB on Chestnut, The Radian, Shoppes at Penn, Ronald McDonald House, Distrito, Rosa's Fresh Pizza, Hai Street Kitchen & Co., City Tap House, Smokey Joe's, and Hip City Veg, and Rite Aid. The lot size is approximately 0.3001 acres.