Entitled Residential Development
For Sale
$1,500,000
322149 N 16th Street, Philadelphia, PA 19140
Large RSA-3 parcel with approved variance for a 43-unit residence and off-street parking.
Property SizeContact for details
Lot Size0.38 Acres
Days on Market179
Property Features for 322149 N 16th Street
General Information
Standard status
Active
Lot size
0.38 Acres
Property subtype
Land
Zoning
RSA-3
Lease Term
[]
Additional Details
Opportunity Zone
Yes
Multifamily Units
43
Listing Agency:
Scope Commercial Real Estate Services,Inc.
(215) 302-4400
Listed By:
Joseph M. Loonstyn Jr. · License #RM426384
Source:
Deepcreeklake
Added: Feb 15
Changed: Aug 8
Last Checked: Jul 16 at 12:16PM
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 Scope Commercial Real Estate Services,Inc.
Investment Insights
Based on property information with market context.
Offering one large residential development parcel in the Allegheny West section of North Philadelphia at 3221-49 N. 16th Street. The site totals approximately 16,755 SF and features 100 feet of frontage. The property is zoned RSA-3, and it benefits from a previously approved variance permitting development of a 43-unit residential building with off-street parking.
The site is located within a federally designated Opportunity Zone. According to the offering materials, it also has convenient access to Broad Street, Temple University Hospital, and Center City, supporting connectivity for future residents and day-to-day needs.
For developers and investors seeking an entitled residential land asset, the approved variance is a practical starting point for planning a 43-unit project with off-street parking. This presentation packages a single-parcel ownership with stated entitlement progress, which can help streamline the next steps from design through permitting and site development, while aligning the development with the property’s existing zoning and Opportunity Zone status.
The site is located within a federally designated Opportunity Zone. According to the offering materials, it also has convenient access to Broad Street, Temple University Hospital, and Center City, supporting connectivity for future residents and day-to-day needs.
For developers and investors seeking an entitled residential land asset, the approved variance is a practical starting point for planning a 43-unit project with off-street parking. This presentation packages a single-parcel ownership with stated entitlement progress, which can help streamline the next steps from design through permitting and site development, while aligning the development with the property’s existing zoning and Opportunity Zone status.
Key Highlights
- Approximately 16,755 SF residential development parcel at 3221–49 N. 16th Street with 100 feet of frontage
- Zoned RSA‑3 and includes a previously approved variance for a 43‑unit residential building
- Variance approval includes off‑street parking for the proposed 43‑unit residential building
Property Analytics
Property Profile
Current Use
Lease Details
43
Residential units
Location Intelligence
Trade Area within ½ mile
1,191
Businesses Nearby
Explore this area
Business Placement
Demographics for 19140, PA
52,124
Population
23,104
Households
2.3
Avg Household Size
36
Median Age
9%
College-Educated
73%
High-School Grad
3.2 sq mi
ZIP Area
16,289
Density / Sq Mi
$33,149
Median Household Income
$31,508
Median Earnings
$1,085
Median Rent
$101,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Large RSA-3 parcel with approved variance for a 43-unit residence and off-street parking.
Where is this residential land & home lot located?
The property is located at 322149 N 16th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Approximately 16,755 SF residential development parcel at 3221–49 N. 16th Street with 100 feet of frontage; Zoned RSA‑3 and includes a previously approved variance for a 43‑unit residential building; Variance approval includes off‑street parking for the proposed 43‑unit residential building
