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304 Cherry St Philadelphia, PA 19106

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CMX-3 zoned land in Philadelphia with development possibilities.

Type:Mixed Use
Added:
Feb 5, 2024
Days on Market:
806
Last Refresh:
Mar 17 at 1:25 pm

Property Features for 304 Cherry St

General Information

Standard status
Active
Property subtype
Mixed Use

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Listing Contact
Veronica Blum

Listing agent Veronica Blum License #PA

Listing office MPN Realty, Inc.

Listing date Feb 5, 2024

Source Crexi

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 MPN Realty, Inc.


Overview

Philadelphia Land with Development Potential

This site, zoned CMX-3, consists of 6 individual condominium parking spaces currently rented on a month-to-month basis. A previously approved zoning permit from 2015 allowed for two 6-story single-family homes, each with one covered parking spot. Zoning documents are available upon request. The sellers are willing to sign a consolidated deed to sell the site as one parcel for development purposes. The CMX-3 zoning permits commercial mixed-use development by right. To build two single-family houses, a buyer would need to resubmit architectural drawings to the City of Philadelphia for approvals. Prospective buyers should consult with an architect to explore development possibilities.
Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

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

Location Insight

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  • Local Demand
City
Philadelphia
County
Delaware
State
Pennsylvania
Longitude
-75.145607
Latitude
39.953014

FAQs

What type of property is this?
Commercial land - CMX-3 zoned land in Philadelphia with development possibilities.
Where is this commercial land located?
The property is located at 304 Cherry St Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: CMX‑3 zoning allows for commercial mixed‑use development by right.; Previously approved zoning permit (2015) for two 6‑story single‑family homes; architectural drawings need to be re‑submitted.; Opportunity to develop the site as one parcel with a consolidated deed already drafted.
More about this property
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