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    1148-50 N 3Rd St Philadelphia, PA 19123

    For Sale
    $885,000

    Development opportunity in Philadelphia's sought-after Northern Liberties neighborhood.

    Lot size:
    0.06 Acres

    Property Features for 1148-50 N 3Rd St

    General Information

    Lot size
    0.06 Acres

    Source: Global Real Estate Advisors (GREA) | Philadelphia Agent Ken Wellar

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Northern Liberties Infill Site

    Located in the Northern Liberties neighborhood of Philadelphia, the property at 1148-50 North 3rd Street presents a development opportunity. The site consists of a 2,620 square foot parcel zoned RSA-5, which permits by-right single-family residential development. The zoning regulations allow for subdivision into lots as small as 800 square feet, providing developers with the flexibility to design either one large luxury residence or two distinct townhomes. The location is situated steps from the center of Northern Liberties, surrounded by a mix of new construction, historic homes, and amenities. The site is positioned in a neighborhood known for its live-work-play environment, boutique residences, creative retail, and dining. This location is suited for value creation, with nearby Fishtown and Olde Kensington seeing townhomes sell for over $1 million. The property offers the chance to build in a neighborhood with community, walkability, and urban convenience. The area includes craft breweries, coffee shops, fitness studios, and public parks. This site offers immediate development potential.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.141672
    Latitude
    39.969374

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    FAQs

    What type of property is this?
    Land - Development opportunity in Philadelphia's sought-after Northern Liberties neighborhood.
    Where is this land located?
    The property is located at 1148-50 N 3Rd St Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $885,000.
    What are key features of this property?
    This property features: - Prime infill site in the heart of Northern Liberties, a highly sought-after Philadelphia neighborhood.; - By-right development potential with RSA-5 zoning.; - Flexibility to build one large luxury residence or two well-appointed townhomes.
    (215) 454-2852
    Request Owner's contact information
    1148-50 N 3Rd St Philadelphia, PA 19123
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1148-50 N 3Rd St Philadelphia, PA 19123
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