Approved Land for Luxury
For Sale
$799,000
1611 S 29TH STREET, Philadelphia, PA 19145
Land approved for ten luxury homes in Philadelphia.
Property SizeContact for details
Days on Market311
Property Features for 1611 S 29TH STREET
General Information
Standard status
Active
Property subtype
Unimproved Land
Listing Agency:
Mercury Real Estate Group
(215) 462-5100
Listed By:
Colby Wallace · License #RS330469
(267) 616-3408
Source:
Cummingsrealtors
Added: Nov 25, 2025
Changed: Oct 1
Last Checked: Oct 1 at 11:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mercury Real Estate Group
Investment Insights
Based on property information with market context.
This property features a total lot size of approximately 0.16 acres, equivalent to 7,261 square feet. It is fully permitted and approved for the construction of ten three-story single-family luxury homes, each benefiting from a 10-year tax abatement. The zoning is CA-1, designated for auto-oriented commercial use within the city of Philadelphia. The lot boasts 153 feet of frontage on 29th Street, with overall dimensions of 153 feet by 47 feet. The lot has been divided and assigned separate tax identification numbers. Situated within a Philadelphia Opportunity Zone, the property's estimated 2023 taxes are $3,360. Located in the Grays Ferry area of South Philadelphia, the site is directly across from Lanier Park. It is less than 2 miles from City Hall and 1 mile from Penn Medicine, with convenient access to I-76, Route 1, and Broad Street.
Key Highlights
- Fully permitted and approved for (10) three‑story single family luxury homes with 10 year tax abatements.
- Located within a Philadelphia Opportunity Zone.
- 153' of frontage on 29th Street.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,195
Businesses Nearby
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Business Placement
Demographics for 19145, PA
47,079
Population
21,295
Households
2.2
Avg Household Size
38
Median Age
36%
College-Educated
89%
High-School Grad
4.8 sq mi
ZIP Area
9,808
Density / Sq Mi
$70,374
Median Household Income
$45,940
Median Earnings
$1,343
Median Rent
$290,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Land - Land approved for ten luxury homes in Philadelphia.
Where is this land located?
The property is located at 1611 S 29TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Fully permitted and approved for (10) three‑story single family luxury homes with 10 year tax abatements.; Located within a Philadelphia Opportunity Zone.; 153' of frontage on 29th Street.
