Development Opportunity in Northwest
For Sale
$225,000
70-80 East Wister Street, Philadelphia, PA 19144
Vacant lot with approved variance for 21-unit apartment building.
Property SizeContact for details
Days on Market110
Property Features for 70-80 East Wister Street
General Information
Standard status
Active
Property subtype
Land / Fee Simple
Zoning
RSA5
Taxes and HOA fees
Annual Taxes
$944
Listing Agency:
KW Empower
Listed By:
Asa Kurland · License #RS349157
(267) 388-1114
Source:
Compass
Added: May 17
Changed: Sep 2
Last Checked: Sep 2 at 12:21AM
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 KW Empower
Investment Insights
Based on property information with market context.
This is an excellent development opportunity on a 10,000+ square foot vacant lot in Northwest Philadelphia, situated less than two blocks from Germantown Avenue and the neighborhood's commercial corridor. The location is surrounded by shops, schools, markets, public transportation, and everyday conveniences, with convenient access to Center City Philadelphia and major routes including I-76. A significant advantage is the pre-existing zoning approval. The Zoning Board of Adjustment has approved a variance for a proposed 21-unit apartment building. The proposed building consists of 9 one-bedroom units, 9 two-bedroom units, and 3 three-bedroom units, along with 11 on-site parking spaces. This eliminates initial entitlement risk, allowing a buyer to concentrate on planning, permitting, and project advancement. The approved unit mix is attractive for developers seeking scale in a proven rental market, as this area of Northwest Philadelphia has demonstrated strong demand for residential rentals. In addition to multifamily development, the lot may offer potential commercial or institutional uses such as adult care, personal care, educational, medical, dental, healthcare, or similar uses, subject to required permits and buyer due diligence.
Key Highlights
- Variance approved for a 21‑unit apartment building with a mix of 1, 2, and 3‑bedroom units and 11 on‑site parking spaces.
- Located in Northwest Philadelphia, less than two blocks from Germantown Avenue's commercial corridor.
- 10,000+ SF vacant lot offers a significant development opportunity.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,166
Businesses Nearby
Explore this area
Business Placement
Demographics for 19144, PA
44,481
Population
23,583
Households
1.9
Avg Household Size
37
Median Age
35%
College-Educated
90%
High-School Grad
3.6 sq mi
ZIP Area
12,356
Density / Sq Mi
$45,727
Median Household Income
$36,020
Median Earnings
$1,110
Median Rent
$224,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Vacant lot with approved variance for 21-unit apartment building.
Where is this residential land & home lot located?
The property is located at 70-80 East Wister Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Variance approved for a 21‑unit apartment building with a mix of 1, 2, and 3‑bedroom units and 11 on‑site parking spaces.; Located in Northwest Philadelphia, less than two blocks from Germantown Avenue's commercial corridor.; 10,000+ SF vacant lot offers a significant development opportunity.
