Multifamily Development Land
For Sale
Contact for pricing
5235-39 Chestnut St, Philadelphia, PA 19139
Development site approved for 204 residential units within CMX-2.5 zoning with zoning permit and completed early studies.
Property SizeContact for details
Days on Market40
Property Features for 5235-39 Chestnut St
General Information
Standard status
Active
Property subtype
Land
Zoning
CMX-2.5
Additional Details
Opportunity Zone
Yes
Multifamily Units
204
Listing Agency:
MSC Retail
(215) 568-2600
Listed By:
Jonathan Makar · License #RS349952
Source:
Crexi
Added: Jul 2
Changed: Aug 8
Last Checked: Jul 3 at 2:08PM
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 MSC Retail
Investment Insights
Based on property information with market context.
This multifamily development land site at 5235–39 Chestnut St is approved for a 204-unit residential project planned under CMX-2.5 zoning. The project has received an issued zoning permit, completed Civic Design Review, completed Streets Department developer-services meeting, and a clean Phase 1 ERSA study. The development is subject to the Mixed Income Neighborhood Overlay, with an affordable housing requirement of 41 rent-restricted units that may be satisfied through Housing Choice Voucher tenants.
The property is located in an Opportunity Zone census tract adjacent to the 52nd Street Market-Frankford Line station and the historic 52nd Street commercial corridor. The project has been planned as a transit-oriented, car-free development without structured parking requirements.
With key approvals already secured and substantial predevelopment work completed, the site is positioned for a clear path toward construction, subject to the remaining development steps.
The property is located in an Opportunity Zone census tract adjacent to the 52nd Street Market-Frankford Line station and the historic 52nd Street commercial corridor. The project has been planned as a transit-oriented, car-free development without structured parking requirements.
With key approvals already secured and substantial predevelopment work completed, the site is positioned for a clear path toward construction, subject to the remaining development steps.
Key Highlights
- Multifamily development site approved for 204 residential units in West Philadelphia.
- Designed within CMX‑2.5 zoning and includes an issued zoning permit.
- Key early approvals completed: Civic Design Review and Streets Department developer‑services meeting.
Property Analytics
Current Use
Lease Details
204
Residential units
Location Intelligence
Trade Area within ½ mile
2,343
Businesses Nearby
Explore this area
Business Placement
Demographics for 19139, PA
43,281
Population
23,896
Households
1.8
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
1.8 sq mi
ZIP Area
24,045
Density / Sq Mi
$38,701
Median Household Income
$34,796
Median Earnings
$1,110
Median Rent
$118,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Development site approved for 204 residential units within CMX-2.5 zoning with zoning permit and completed early studies.
Where is this residential land & home lot located?
The property is located at 5235-39 Chestnut St Philadelphia, PA.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Multifamily development site approved for 204 residential units in West Philadelphia.; Designed within CMX‑2.5 zoning and includes an issued zoning permit.; Key early approvals completed: Civic Design Review and Streets Department developer‑services meeting.
